A Noteon Debt Reduction and Echonomic Efficiency.
This note examines the efficiency gains that might result from market-based debt reduction and alternative uses of resources. It is argued that when a country's expected output falls short of contractual claims on that output, private investment is drawn to activities that protect the investors...
| Співавтор: | |
|---|---|
| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
1990.
|
| Серія: | IMF Working Papers; Working Paper ;
No. 1990/036 |
| Предмети: | |
| Онлайн доступ: | Full text available on IMF |