Article ID Journal Published Year Pages File Type
5062685 Economics Letters 2006 4 Pages PDF
Abstract

This paper shows that if the period following the granting of debt relief is taken into account, debt relief increases adjustment effort (investment), irrespective of whether there is an initial debt overhang or not.

Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Debt relief and adjustment effort in a multi-period model
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