A debt overhang model for low-income countries

Junko Koeda

doi:10.1057/imfsp.2008.13

A debt overhang model for low-income countries

Junko Koeda^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

7 Citations (Scopus)

Abstract

This paper presents a theoretical model to explain how debt overhang is generated in low-income countries and discusses its implications for aid design and debt relief. It finds that the extent of debt overhang and the effectiveness of debt relief depend on a recipient country's initial economic conditions and level of total factor productivity.

Original language	English
Pages (from-to)	654-678
Number of pages	25
Journal	IMF Staff Papers
Volume	55
Issue number	4
DOIs	https://doi.org/10.1057/imfsp.2008.13
Publication status	Published - 2008 Dec
Externally published	Yes

ASJC Scopus subject areas

Finance
Accounting
Economics and Econometrics

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A debt overhang model for low-income countries

Abstract

ASJC Scopus subject areas

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