Series: IMF Working Papers
Author(s): Vivek Arora
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 1993
Keywords: debt reduction, debt relief, debt crisis, debt servicing, sovereign debt
This paper surveys the literature on sovereign debt that deals with the issues of a country’s ability-to-pay, its willingness-to-pay, and the policy responses to the debt crisis of the 1980s. The existence o...