01713cas a2200241 a 4500 AALejournalIMF010032 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451958942 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Is Dept Relief in the Interests of Creditors? Washington, D.C. : International Monetary Fund, 1988. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper considers a number of reasons-in addition to the 'incentives' argument-why debt relief could be to the advantage of creditors collectively. Principal reasons analyzed are based on the 'investment-capacity' and the 'default-forestalling' arguments. Debt relief is defined as reduction of the present value of the contractual debt. The paper thus provides an analytical basis for various debt relief proposals that do not require finance or guarantees from creditor governments and for the considerable amount of relief in the form of rescheduling and concerted lending that has already taken place. The free rider problem and the extent to which the market may overcome it is discussed. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/072 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/072/001.1988.issue-072-en.xml IMF e-Library