Add to ORKGAccumulation of reserves and debt-equity swaps can help a debtor country alleviate the distortionary burden of taxing its citizens. But caveats and qualifications apply. ThePolicy, Research, and Extemal Affairs Complex dcstributes PRE Working Papers to disseminate the ftndings of work in progress and to eneourage the exchange of ideas among Bank staff and all others interested in development issues. These papers carTy the names of the authors. reflect only their views, and should be uscd and cited accordingly. The findings. interpretations, and conclusions arc the authors ' own. Thcy should not be attributed to the World Bank, its Board of Directors, its management, or a:;y of its member countrnes. Pu bl ic Di sc lo su re A ut ho riz e...
Labor markets are assumed, in orthodox stabilization programs, to be flexible. The experience in Zam...
Budget deficits tend to lead to a deterioration of the balance of payments. Furthermore, increases i...
The stock maiket expects virtually all additional resources provided to debtor countries to be used ...
To restore growth in highly indebted countries, debt reduction alone is not as efficient as simultan...
Contrary o popular views, commercial banks have probably benefited from debt and debt service reduct...
The reversal of net international capital flows since 1982 is attributable more to reduced inflows o...
The debt crisis of the 1930s illustrates the difficulty of global plans for resolving the debt crisi...
If the spending priorities of the debtor country and donor are the same, these swaps can help debtor...
Large budget deficits pose real threats to macroeconomic stabil-ity and therefore to growth and deve...
Are debt and equity finance complements or substitutes? Prob-ably complements, which means that the ...
Official creditors- especially multilaterals- have absorbed more of the burden of the debt crisis th...
The Policy Research Working Paper Series disseminates the findings of work in progress to encourage ...
Secondary market values tend to reflect past difficulties rather than anticipate future ones. They c...
Failure to consider explicitly the many intricate relations be-tween trade and public finance polici...
When lenders participate voluntarily in a buyback of debt claims, both the price paid for repurchase...
Labor markets are assumed, in orthodox stabilization programs, to be flexible. The experience in Zam...
Budget deficits tend to lead to a deterioration of the balance of payments. Furthermore, increases i...
The stock maiket expects virtually all additional resources provided to debtor countries to be used ...
To restore growth in highly indebted countries, debt reduction alone is not as efficient as simultan...
Contrary o popular views, commercial banks have probably benefited from debt and debt service reduct...
The reversal of net international capital flows since 1982 is attributable more to reduced inflows o...
The debt crisis of the 1930s illustrates the difficulty of global plans for resolving the debt crisi...
If the spending priorities of the debtor country and donor are the same, these swaps can help debtor...
Large budget deficits pose real threats to macroeconomic stabil-ity and therefore to growth and deve...
Are debt and equity finance complements or substitutes? Prob-ably complements, which means that the ...
Official creditors- especially multilaterals- have absorbed more of the burden of the debt crisis th...
The Policy Research Working Paper Series disseminates the findings of work in progress to encourage ...
Secondary market values tend to reflect past difficulties rather than anticipate future ones. They c...
Failure to consider explicitly the many intricate relations be-tween trade and public finance polici...
When lenders participate voluntarily in a buyback of debt claims, both the price paid for repurchase...
Labor markets are assumed, in orthodox stabilization programs, to be flexible. The experience in Zam...
Budget deficits tend to lead to a deterioration of the balance of payments. Furthermore, increases i...
The stock maiket expects virtually all additional resources provided to debtor countries to be used ...