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Detail
ArtikelThe LDC Debt Crisis : Who Gains From Debt Reductions ?  
Oleh: Claessens, Stijn ; Diwan, I.
Jenis: Article from Bulletin/Magazine
Dalam koleksi: JAPAN AND THE WORLD ECONOMY vol. 3 no. 2 (1991), page 181-202.
Topik: debt crisis; LCD debt crisis; debt reductions
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: JJ47.1
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
    Lihat Detail Induk
Isi artikelThere might exist combinations of prices and types of contracts under which external debt reducing schemes can benefit a highly indebted country and not hurt creditors. The overall benefits of such schemes are contingent on the existence of efficiency gains associated with debt reduction or contract transformation. For the debtor, the benefits depend in addition on the source and type of financing it receives as well as on the mechanism used for debt conversion. In general, a menu approach allows for more gains than a pure market approach.
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