Is generalized debt relief an effective development strategy, or should assistance be tailored to countries characteristics? To answer this question, the authors build a simple model in which recipient governments reveal their creditworthiness if donors offer them to choose between aid and debt relief. Since offering such a menu is costly, it is preferred by donors only when the cost of assistance is low, and the probability that an indebted country...
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详细
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2013/10/01
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日志文章
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83340
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1
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1
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2015/08/15
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Disclosed
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To give or to forgive? Aid versus debt relief
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debt relief