One rationale for debt reduction operations under the Brady Plan has been, by alleviating the debt overhang, to improve investment efficiency. Brady-type debt and debt-service reduction (within a strong policy framework, where there is a track record of economic adjustment) has been shown to affect development significantly. The principle benefit of eliminating the debt overhang is to improve investment incentives for private investors - direct liquidity...
انظر المزيد
تفاصيل
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1994/7/31
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ورقة عمل خاصة ببحوث السياسات
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WPS1317
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1
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1
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2010/7/01
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Estimating the efficiency gains of debt restructuring
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efficiency gain
تنزيل الملفات
تقرير كامل
نسخة رسمية من الوثيقة (قد تضم توقيعات، الخ)
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