How did highly indebted poor countries become highly indebted? : reviewing two decades of debt relief /

How did highly indebted poor countries become highly indebted? : reviewing two decades of debt relief /

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Bibliographic Details
Author / Creator:	Easterly, William, 1957-
Imprint:	Washington, DC : World Bank, Development Research Group, Macroeconomics and Growth, [1999]
Description:	39 p. : ill. ; 28 cm.
Language:	English
Series:	Policy research working paper ; 2225 Policy research working papers ; 2225.
Subject:	Debt -- Developing countries -- Econometric models. Debt relief -- Developing countries -- Econometric models. Loans -- Developing countries -- Econometric models. Debt. Debt relief -- Econometric models. Loans. Developing countries.
Format:	E-Resource Print Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/4114466

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Other authors / contributors:	World Bank. Development Research Group. Macroeconomics and Growth.
Notes:	"November 1999"--Cover. Includes bibliographical references (p. 31-33). Also available on the World Wide Web.
Summary:	Theoretical models predict that countries with unchanged long-run savings preferences will respond to debt relief by running up new debts or by running down assets. And there are some signs that incremental debt relief over the past two decades has fulfilled those predictions. Debt relief is futile for countries with unchanged long-run savings preferences.

Mansueto

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Call Number:	HG3879.P6 no.2225
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