Debt Relief Initiatives : Policy Design and Outcomes.
Title:
Debt Relief Initiatives : Policy Design and Outcomes.
Author:
Arnone, Marco.
ISBN:
9780754694731
Personal Author:
Physical Description:
1 online resource (300 pages)
Series:
Global Finance
Contents:
Cover -- Contents -- List of Figures -- List of Boxes -- List of Tables -- About the Authors -- Foreword -- Preface -- Authors' Note -- List of Abbreviations -- Introduction -- Part 1 Multilateral Initiatives and External Debt Sustainability -- 1 The Heavily Indebted Poor Countries and the Multilateral Debt Relief Initiatives: Description and Issues -- 2 External Debt Sustainability: Theory, Approaches and Limitations -- Part 2 HIPCs/LICs and Macroeconomic Management: The Role of Domestic Debt -- 3 Domestic Debt in Developing Countries -- 4 The Relevance of Domestic Debt in HIPCs -- 5 Domestic Debt and Debt Sustainability -- Part 3 External Debt and Macroeconomic Performance -- 6 External Debt and Growth: Mixed Evidence -- 7 External Debt and Growth: An Empirical Investigation -- 8 An Ex-Post Evaluation of Debt Relief -- Part 4 The Challenges Ahead -- 9 The Global Economic and Financial Crisis and the HIPCs -- 10 Some Proposals for a Comprehensive Approach to Debt Sustainability and Debt Relief -- Afterword -- Bibliography -- Index.
Abstract:
This book deals with the recent debt crises in developing countries and analyzes the design and implementation of the Heavily Indebted Poor Countries (HIPC) Initiative, by providing background concepts, pointing out the main drawbacks and suggesting a different approach to debt sustainability and debt relief programs. The authors merge academic, operational and institutional expertise, in order to provide an evaluation as complete and balanced as possible on the much-debated effectiveness of debt relief in fostering economic growth, reducing poverty and reaching debt sustainability.Marco Arnone and Andrea F. Presbitero assess the joint evolution of external and domestic public debt and produce original empirical evidence on the potential effects of public debt on investment, economic growth and institution-building in low- and middle-income countries. The book also explores relevant and up-to-date policy issues, such as the loans-grants mix and the development of responsible lending strategies in foreign assistance, the surge of non-concessional and domestic borrowing by low-income countries, and the impact of the 2008-2009 global financial crisis on debt sustainability.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Genre:
Electronic Access:
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