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 ass

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 ass

After a massive international campaign calling attention to the development impact of foreign debt, the Heavily Indebted Poor Countries (HIPC) initiative is now

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many