Indebted Development

Author : Howard P Lehman,Max Schleser
Publisher : Springer
Page : 233 pages
File Size : 50,9 Mb
Release : 1993-07-13
Category : Business & Economics
ISBN : 9781349227310

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Indebted Development by Howard P Lehman,Max Schleser Pdf

The Dreyfus Affair, or simply L'Affaire, was the defining event in French life between the disasters of the Franco-Prussian War and the First World War. After decades of prosperity and growth following the Prussian invasion, the destruction of the Paris Commune and the seemingly successful creation of the Third Republic, the Affair cruelly exposed the bitter divisions within French society. The French army was torn apart, ministers were forced to resign, new political groupings were created, and ultimately, the Affair led to an attempted coup and contributed to the paranoia that almost resulted in a catastrophic Anglo-French war in 1898. This short work fills the need for a comprehensible, concise book which focuses on the scale and complexity of the Dreyfus Affair.

Author : William Russell Easterly
Publisher : World Bank Publications
Page : 44 pages
File Size : 51,6 Mb
Release : 1999
Category : Amount Of Debt
ISBN : 8210379456XXX

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How Did Highly Indebted Poor Countries Become Highly Indebted? by William Russell Easterly Pdf

Theoretical models predict that countries with unchanged long-run savings preferences will respond to debt relief by running up new debts or by running down assets. And there are some signs that incremental debt relief over the past two decades has fulfilled those predictions. Debt relief is futile for countries with unchanged long-run savings preferences.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 62 pages
File Size : 49,5 Mb
Release : 1989-06-16
Category : Business & Economics
ISBN : 1557751161

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Managing Financial Risks in indebted Developing Countries by International Monetary Fund Pdf

This paper examines the types of market-related hedging instruments that could potentially be useful to indebted developing countries as they seek to manage the financial risks created by variability of the prices of external assets and commodities. The paper reviews the variability in interest rates, exchange rates, and prices of primary commodities and then analyzes the effects of this variability on the domestic and external performance of indebted developing countries. Market-related hedging instruments that are accessible to indebted developing countries are also examined.

Author : Roy Culpeper,North-South Institute (Ottawa, Ont.)
Publisher : Unknown
Page : 58 pages
File Size : 45,8 Mb
Release : 1991
Category : Debts, Public
ISBN : UCSD:31822007972722

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Growth and Adjustment in Smaller Highly Indebted Countries by Roy Culpeper,North-South Institute (Ottawa, Ont.) Pdf

Author : United States. General Accounting Office
Publisher : Unknown
Page : 96 pages
File Size : 42,5 Mb
Release : 1998
Category : Debt relief
ISBN : STANFORD:36105127318645

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Developing Countries by United States. General Accounting Office Pdf

Author : Harold J. Johnson
Publisher : DIANE Publishing
Page : 88 pages
File Size : 47,5 Mb
Release : 1999-04
Category : Electronic
ISBN : 9780788179228

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Developing Countries by Harold J. Johnson Pdf

In 1996 the World Bank and the International Monetary Fund, in response to a call from the leaders of the major industrial nations for a comprehensive approach to the debt problems of the poorest countries, proposed the Heavily Indebted Poor Countries (HIPC) Debt Initiative. The initiative reflects concerns of creditors, including the U.S., that, even after receiving debt relief through existing mechanisms, some poor countries will have debt burdens that remain too large relative to their ability to pay. This report: (1) describes the implementation of the HIPC initiative and (2) assesses the initiative's potential to achieve its stated goal. Charts and tables.

Author : William Easterly
Publisher : Unknown
Page : 0 pages
File Size : 53,7 Mb
Release : 2004
Category : Electronic
ISBN : OCLC:1376343621

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How Did Highly Indebted Poor Countries Become Highly Indebted? Reviewing Two Decades of Debt Relief by William Easterly Pdf

Theoretical models predict that countries with unchanged long-run savings preferences will respond to debt relief by running up new debts or by running down assets. And there are some signs that incremental debt relief over the past two decades has fulfilled those predictions. Debt relief is futile for countries with unchanged long-run savings preferences. How did highly indebted poor countries become highly indebted after two decades of debt relief efforts? A set of theoretical models predict that countries with unchanged long-run savings preferences will respond to debt relief with a mixture of asset decumulation and new borrowing. A model also predicts that a high-discount-rate government will choose poor policies and impose its intertemporal preferences on the entire economy. Reviewing the experience of highly indebted poor countries, compared with that of other developing countries, Easterly finds direct and indirect evidence of asset decumulation and new borrowing associated with debt relief. The ratio of the net present value of debt to exports rose strongly over 1979-97 despite the debt relief efforts. Average policies in highly indebted poor countries were generally worse than those in other developing countries, controlling for income. The trend for terms of trade was no different in highly indebted poor countries than in other developing countries, not were wars more likely in highly indebted poor countries. Over time there has been an important shift in financing for highly indebted poor countries, away from private and bilateral nonconcessional sources to the International Development Association and other sources of multilateral concessional financing. But this implicit form of debt relief also failed to reduce debt in net present value terms. Although debt relief is done in the name of the poor, the poor are worse off if debt relief creates incentives to delay reforms needed for growth. This paper - a product of Macroeconomics and Growth, Development Research Group - is part of a larger effort in the group to study the effectiveness of aid for growth.

Author : Jesko Hentschel
Publisher : Springer Science & Business Media
Page : 219 pages
File Size : 45,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642467707

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Imports and Growth in Highly Indebted Countries by Jesko Hentschel Pdf

A real imports of capital and intermediate goods declined sharply for highlyindebted countries in the 1980s, these economies were faced with the need tosubstitute previously imported factors of production with domestic capital and labor. The study empirically analyzes the degree of import dependence of twelve developing countries. Estimates of the short-run elasticity of substitution characterize both imported capital and intermediate goods to behave like complements in the production process in the developing countries. Long-run substitution elasticites differ considerably among the group of economies, especially for imported machinery and equipment. The results indicate that inward-oriented strategies have not achieved the aim of reducing the import dependence of the developing economies. In order to visualize theimplications of the differing degree of import dependence, a partial equilibrium econometric model is used to analyze the reaction of the trade account on external shocks and domestic policies in Columbia and Ecuador. Simulations show that the dependence on imported production means can transform an "adjustment with growth" of the external account intoan "adjustment or growth" controversy.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 60 pages
File Size : 51,7 Mb
Release : 2006-12-14
Category : Business & Economics
ISBN : 9781451817652

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Haiti by International Monetary Fund Pdf

This paper presents an assessment of Haiti’s qualification for assistance under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. Poverty Reduction and Growth Facility (PRGF) arrangement is scheduled to be discussed by the IMF Executive Board in parallel with this document. The impact of prolonged political conflicts and violence, periods of high external assistance followed by the withdrawal of economic support, and natural disasters has been severe. The government has begun the preparation of a full Poverty Reduction Strategy Paper (PRSP). An important objective of the authorities is to achieve robust and sustainable real economic growth.

Author : John R. Freeman
Publisher : Unknown
Page : 118 pages
File Size : 51,6 Mb
Release : 1985
Category : Business & Economics
ISBN : STANFORD:36105037903551

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The Politics of Indebted Economic Growth by John R. Freeman Pdf

Author : Ishrat Husain,Saumya Mitra
Publisher : World Bank Publications
Page : 38 pages
File Size : 50,8 Mb
Release : 1989
Category : Debt relief
ISBN : 8210379456XXX

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Future Financing Needs of the Highly Indebted Countries by Ishrat Husain,Saumya Mitra Pdf

What amount of external resources would be required to reverse recent investment trends and bring about modest growth in per capita incomes? Between $18 and $20 billion of net new disbursements annually. But consider the alternatives.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 41 pages
File Size : 55,8 Mb
Release : 2006-09-25
Category : Business & Economics
ISBN : 9781451817638

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Haiti by International Monetary Fund Pdf

This paper presents a preliminary assessment of the eligibility of Haiti for assistance under the Enhanced Heavily Indebted Poor Countries Initiative (HIPC) to attain the Millennium Development Goals (MDGs). It discusses the medium-to-long-term macroeconomic framework, poverty, social, and political developments of Haiti, and summarizes the results of the preliminary Debt Sustainability Analysis (DSA) and possible HIPC and Multilateral Debt Relief Initiative (MDRI) assistance. It suggests a timeline for the preparation of the decision point document, presents key reforms for the completion point triggers, and gives an indication of how prospective HIPC assistance will be used and its use tracked.

Author : Isabelle Guérin,Solène Morvant-Roux,Magdalena Villarreal
Publisher : Routledge
Page : 337 pages
File Size : 45,9 Mb
Release : 2013-10-15
Category : Business & Economics
ISBN : 9781135047597

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Microfinance, Debt and Over-Indebtedness by Isabelle Guérin,Solène Morvant-Roux,Magdalena Villarreal Pdf

Although microcredit programmes have long been considered efficient development tools, many forms of debt-induced distress have emerged in their wake. This has brought to light the problem of over-indebtedness, a topic which has been previously underexplored in the literature. This new book, from a group of leading scholars, explores the manifestations, scale, and economic and social implications of household over-indebtedness in areas conventionally considered as financially excluded. The book approaches debt not only as a financial transaction, but also as a form of social bond, and offers a socioeconomic analysis of over-indebtedness. The volume puts forward a broad definition of over-indebtedness, highlighting its situational and semantic complexity and diversity. It provides a close analysis of local conceptions of debt and over-indebtedness, highlighting frameworks of calculation and the constant renegotiation of their boundaries. On top of this, it looks far beyond microcredit to examine all the financial practices that individuals juggle. The volume argues that over-indebtedness has more to do with social inequalities than financial illiteracy, and should therefore be understood in the light of global trends of financialization. It also reveals the ambiguity of "financial inclusion" policies, and in many respects questions the actions of new credit providers. This book will be valuable reading for students, researchers and policy makers interested in microfinance and development issues.

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 70 pages
File Size : 49,5 Mb
Release : 2015-05-13
Category : Business & Economics
ISBN : 9781484387047

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Chad: Enhanced Heavily Indebted Poor Countries Initiative - Completion Point Document And Multilateral Debt Relief Initiative by International Monetary Fund. African Dept. Pdf

This paper discusses the status of Chad under Enhanced Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI). Chad does not qualify for topping-up under the Enhanced HIPC Initiative based on end-2013 debt data. Creditors accounting for more than 87 percent of total HIPC-eligible debt have given satisfactory assurances of their participation in the enhanced HIPC Initiative. Nearly all multilateral creditors and Paris Club creditors have agreed to participate. The authorities are working toward obtaining participation of all the remaining creditors. Upon reaching the completion point under the Enhanced HIPC Initiative, Chad will also qualify for additional debt relief under the MDRI.

Author : D. King,D. Tennant
Publisher : Springer
Page : 396 pages
File Size : 50,9 Mb
Release : 2014-12-17
Category : Business & Economics
ISBN : 9781137392787

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Debt and Development in Small Island Developing States by D. King,D. Tennant Pdf

Debt and Development in Small Island Developing States draws on the expertise of established researchers and public officials from within the SIDS community to answer the following pressing questions related to sustainability, debt accumulation, and prospects for future growth.