How Did Highly Indebted Poor Countries Become Highly Indebted?
Download or Read eBook How Did Highly Indebted Poor Countries Become Highly Indebted? PDF written by William Russell Easterly and published by World Bank Publications. This book was released on 1999 with total page 44 pages. Available in PDF, EPUB and Kindle.
Author | : William Russell Easterly |
Publisher | : World Bank Publications |
Total Pages | : 44 |
Release | : 1999 |
ISBN-10 | : |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Book Synopsis How Did Highly Indebted Poor Countries Become Highly Indebted? by : William Russell Easterly
Book excerpt: 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.