Hidden Bibliographic Details
| Other authors / contributors: | Dooley, Michael P. (Michael Patrick), 1944- author.
International Monetary Fund.
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| ISBN: | 1462355633
9781462355631
9781462351596
146235159X
1557751358
9781557751355
9781462355631
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| Notes: | Includes bibliographical references (page 30).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper analyzes the effect of debt and debt-service reduction on the contractual and market values of a country's debt. It is argued that in a voluntary framework, the present, or cash, value of resources offered to creditors in exchange for debt is the basic determinant of the amount of debt or debt-service reduction that can be attained. The argument is illustrated by demonstrating the equivalence in a simple framework of five commonly discussed debt- and debt-service-reduction techniques. The IMF staff's preliminary attempts to quantify the macroeconomic effects of debt and debt-service reduction are also described.
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| Other form: | Print version: Debt reduction and economic activity. Washington, D.C. : International Monetary Fund, ©1990
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| Standard no.: | 10.5089/9781462355631.084
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| Publisher's no.: | MWT11409146
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