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SSRN Electronic Journal, 2020 The COVID-19 pandemic has been a global shock with dramatic consequences on debts of governments called to alleviate the economic and social impact of the crisis on firms and households. We explore conditions for the feasibility of (COVID-19 generated) government debt relief, justified in principle by the exogenous characteristics of the shock.
Becchetti L, Scaramozzino P.
europepmc +3 more sources
, 2006 The G-8 Multilateral Debt Relief Initiative (MDRI) is the next step of the Highly Indebted Poor Countries Initiative (HIPC). There are two reasons why MDRI is unlikely to help poor countries. First, the amount of money at stake is trivial. The roughly $2 billion of annual debt payments to be relieved under MDRI amounts to roughly 0.01 percent of the ...
Serkan Arslanalp, Peter Blair Henry
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Debt Relief with Chinese Characteristics [PDF]
SSRN Electronic Journal, 2020 As China is poised to become the world’s largest creditor, concerns about debt sustainability have grown. Yet considerable confusion exists over what is likely to happen when a government runs into trouble repaying its Chinese loans. In this working paper, we draw on data from the China Africa Research Initiative (CARI) to review evidence on China’s ...
Brautigam, Deborah +2 more
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On the sustainability of external debt: is debt relief enough? [PDF]
Cambridge Journal of Economics, 2013 Elaborating on Pasinetti (1998), the ‘geometry of debt sustainability’ (GDS) represents an analytical tool for the analysis of the long term sustainability of foreign debt. The paper focuses on debt sustainability in low-income countries, which face several major challenges simultaneously: achieving economic growth, consolidating human development ...
VAGGI, GIOVANNI, Annalisa Prizzon
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Political Consequences of (Consumer) Debt Relief
SSRN Electronic Journal, 2022 Abstract Many democracies operate consumer debt relief programs. These are often implemented or adjusted during the election cycle, but their political effects are not well-understood. We investigate if debt relief can influence high-stakes elections. We utilize quasi-experimental variation generated by a very large privately-funded debt
Aidt, Toke +2 more
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European Review of Contract Law, 2019 Abstract The awareness that consumer over-indebtedness is a problem which needs to be tackled through specific measures most clearly emerged at the end of a period in which increased availability of retail financial services was presented as a means to promote consumers’ welfare.
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Debt relief and fiscal sustainability [PDF]
Review of World Economics, 2003 In this paper I analyze the relationship between fiscal policy, aggregate public sector debt sustainability, and debt relief. I develop a methodology to compute the fiscal policy path that is compatible with aggregate debt sustainability in the post-HIPC era.
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Meeting the Demand for Debt Relief [PDF]
SSRN Electronic Journal, 2011 Each year, millions of financially distressed consumers in the U.S. face a difficult choice among the debt relief options available to them. This paper describes the options available to borrowers who seek assistance in managing their debts and discusses the information and incentive problems associated with these options.
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Jubilee: Secure Debt Relief and Forgiveness
SSRN Electronic Journal, 2021 JUBILEE is a securely computed mechanism for debt relief and forgiveness in a frictionless manner without involving trusted third parties, leading to more harmonious debt settlements by incentivising the parties to truthfully reveal their private information.
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Debt-relief programs and money left on the table: Evidence from Canada's response to COVID-19. [PDF]
Can J Econ, 2022 Allen J, Clark R, Li S, Vincent N.
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