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Voluntary Debt Reduction: Incentives and Welfare
6 references·13 citing·50 second hop
Voluntary Debt Reduction: Incentives and Welfare (1989)Voluntary Debt Reduction: Incentives and …Trade policy and market structure (1990)Trade policy and market struc…The debt laffer curve: Some estimates (1990)The debt laffer curve: Some e…Buybacks, Exit Bonds, and the Optimality of Debt and Liquidity Relief (1989)Buybacks, Exit Bonds, and the…Public Debt Guarantees and Private Capital Flight (1987)Public Debt Guarantees and Pr…THE ROLE OF A STOCK MARKET IN A GENERAL EQUILIBRIUM MODEL WITH TECHNOLOGICAL UNCERTAINTY (1978)THE ROLE OF A STOCK MARKET IN…A Theory of International Trade Under Uncertainty (1978)A Theory of International Tra…The role of the IMF in debt restructurings: lending into arrears, moral hazard and sustainability concerns (2006)The role of the IMF in debt r…Toward a Statutory Approach to Sovereign Debt Restructuring: Lessons from Corporate Bankruptcy Practice around the World (2003)Toward a Statutory Approach t…Bankruptcy Procedures for Sovereigns (2002)Bankruptcy Procedures for Sov…Domestic Taxes and the External Debt Laffer Curve (1997)Domestic Taxes and the Extern…Sovereign debt, structural adjustment, and conditionality (1996)Sovereign debt, structural ad…Chapter 39 Sovereign debt (1995)Chapter 39 Sovereign debtSelf-Fulfilling Expectations, Speculative Attack, and Capital Controls (1993)Self-Fulfilling Expectations,…An integrative analysis of external debt, capital accumulation and production in Latin America, Asia-Pacific and Sub-Saharan Africa (1993)An integrative analysis of ex…An economic analysis of debt swaps and case study of the Harvard debt for education swap (1993)An economic analysis of debt …Linking trade and external debt strategies (1990)Linking trade and external de…Investment Incentives: New Money, Debt Relief, and the Critical Role of Conditionality in the Debt Crisis (1990)Investment Incentives: New Mo…Can swaps solve the debt crisis? : lessons from the Chilean experience (1990)Can swaps solve the debt cris…Buy-Backs and Market Valuation of External Debt (1988)Buy-Backs and Market Valuatio…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Risk Aversion in the Small and in the Large (1964)The Present Value of Profits and Cyclical Movements in Investment (1983)Financial intermediation as a beliefs-bridge between optimists and pessimists (2004)The cost of capital, corporation finance and the theory of investment (2008)Macroeconomics with Financial Frictions: A Survey (2012)Theoretical Issues in International Borrowing (1983)LDC Debt: Forgiveness, Indexation, and Investment Incentives (1988)Market-Based Debt-Reduction Schemes (1988)Organizing Debt Relief: The Need for a New Institution (1990)Equilibrium Default Cycles (2007)The impact of external debt on growth: Evidence from highly indebted poor countries (2016)International debt strategies in an uncertain world (1985)Managing the LDC Debt Crisis (1986)Buybacks, Exit Bonds, and the Optimality of Debt and Liquidity Relief (1988)The Simple Analytics of Debt-Equity Swaps (1988)World Economic Outlook (1983)Financing vs. forgiving a debt overhang (1988)The Buyback Boondoggle (1988)Investment Slowdown in Developing Countries During the 1980s: Debt Overhang or Foreign Capital Inflows? (1992)External debt and economic growth in sub-Saharan African countries: An econometric study (1999)Debt Overhang or Debt Irrelevance?: Revisiting the Debt-Growth Link (2005)Credit Rationing in Markets with Imperfect Information (1981)Bank Runs, Deposit Insurance, and Liquidity (1983)Good-bye financial repression, hello financial crash (1985)Golden Fetters (1996)Inefficient Foreign Borrowing: A Dual- and Common-Agency Perspective (2003)Capital flight, foreign direct investment and natural resources in Africa (2019)Collapsing exchange-rate regimes (1984)Rational and Self-Fulfilling Balance-of-Payments Crises (1984)Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661. (1989)Economic Effects and Structural Determinants of Capital Controls (1995)Government bailouts and monetary disequilibrium: common fundamentals in the Mexican and East Asian currency crises (2000)Restraining International Capital Movements: What Does it Mean? 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this work references cited by second hop

References

  • 1990Trade policy and market structure748 cited
  • 1978THE ROLE OF A STOCK MARKET IN A GENERAL EQUILIBRIUM MODEL WITH TECHNOLOGICAL UNCERTAINTY530 cited
  • 1978A Theory of International Trade Under Uncertainty214 cited
  • 1987Public Debt Guarantees and Private Capital Flight181 cited
  • 1990The debt laffer curve: Some estimates117 cited
  • 1989Buybacks, Exit Bonds, and the Optimality of Debt and Liquidity Relief99 cited

Cited by

  • 1988Buy-Backs and Market Valuation of External Debt66 cited
  • 1995Chapter 39 Sovereign debt62 cited
  • 2002Bankruptcy Procedures for Sovereigns59 cited
  • 1993Self-Fulfilling Expectations, Speculative Attack, and Capital Controls52 cited
  • 2003Toward a Statutory Approach to Sovereign Debt Restructuring: Lessons from Corporate Bankruptcy Practice around the World49 cited
  • 1996Sovereign debt, structural adjustment, and conditionality43 cited
  • 1990Investment Incentives: New Money, Debt Relief, and the Critical Role of Conditionality in the Debt Crisis38 cited
  • 2006The role of the IMF in debt restructurings: lending into arrears, moral hazard and sustainability concerns36 cited
  • 1990Can swaps solve the debt crisis? : lessons from the Chilean experience

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34 cited
  • 1990Linking trade and external debt strategies29 cited
  • 1993An integrative analysis of external debt, capital accumulation and production in Latin America, Asia-Pacific and Sub-Saharan Africa28 cited
  • 1997Domestic Taxes and the External Debt Laffer Curve23 cited
  • 1993An economic analysis of debt swaps and case study of the Harvard debt for education swap1 cited