Quick Access


Bu Dergi DOI ve Crosscheck üyesidir


Summary


AN EXPLORATION INTO THE DEBT RELIEF LAFFER CURVE FROM THE PERSPECTIVE OF PUBLIC DEBT SUSTAINABILITY ANALYSIS

Debt overhang is a one of the major hindrances to the economic growth in the developing world. It generates a large disincentive for the economies and acts as quasi marginal tax which is an additional burden on a developing economy that is already in economic turmoil. This scenario is also unfavourable for the creditor as their expected payoff decreases dramatically. However, by means of a well-structured debt relief, a new allocation which Pareto dominates the debt overhang situation can be achieved. In the recent past, several attempts have been made, including HIPC by IMF and World Bank and Paris Club countries. Nevertheless, despite these attempts the debt sustainability in developing world is still a far-fetched phenomenon. Debt Relief Laffer Curve can be used as a tool to decide under which conditions a bailout in the form of debt relief could be successful.



Keywords
Debt overhang, Debt relief, Debt Relief Laffer Curve, Sustainability, Pareto dominance

References

Advanced Search


Announcements


Address :Şahinbey-Gaziantep
Telephone :+90 342 606 06 75 Fax :
Email :ssdjournal.editor@gmail.com

Web Yazılım & Programlama Han Yazılım Bilişim Hizmetleri