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- W2110609738 abstract "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." @default.
- W2110609738 created "2016-06-24" @default.
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- W2110609738 date "1988-01-01" @default.
- W2110609738 modified "2023-09-27" @default.
- W2110609738 title "Is Debt Relief in the Interests of the Creditors?" @default.
- W2110609738 doi "https://doi.org/10.2139/ssrn.884953" @default.
- W2110609738 hasPublicationYear "1988" @default.
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