Debt Relief Initiatives: Policy Design and Outcomes

Debt Relief Initiatives: Policy Design and Outcomes


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Product Details

ISBN-13: 9780754677420
Publisher: Taylor & Francis
Publication date: 12/28/2010
Series: Global Finance Series
Pages: 300
Product dimensions: 6.25(w) x 9.25(h) x 25.00(d)

About the Author

Marco Arnone, Centre for Macroeconomics and Finance Research (CeMaFiR) and Catholic University of Milan, Italy and Andrea F. Presbitero, Centre for Macroeconomics and Finance Research (CeMaFiR), Money and Finance Research group (MoFiR), and Universitã Politecnica delle Marche, Italy

Table of Contents

Contents: Foreword, Nancy Birdsall; Preface, Ugo Panizza; Introduction; Part 1 Multilateral Initiatives and External Debt Sustainability: Overview; The Heavily Indebted Poor Countries and the Multilateral Debt Relief initiatives: description and issues; External debt sustainability: theory, approaches and limitations. Part 2 HIPCS/LICS and Macroeconomic Management: the Role of Domestic Debt: Overview; Domestic debt in developing countries; The relevance of domestic debt in HIPCs; Domestic debt and debt sustainability. Part 3 External Debt a3nd Macroeconomic Performance: Overview; External debt and growth: mixed evidence; External debt and growth: an empirical investigation; An ex-post evaluation of debt relief. Part 4 The Challenges Ahead: Overview; The global economic and financial crisis and the HIPCs; Some proposals for a comprehensive approach to debt sustainability and debt relief; Afterword, Aart Kraay; Bibliography; Index.

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