Explaining the Enhanced HIPC Initiative: A Response to Michaelowa (2003)

Peter Hjertholm ()

Public Choice, 2004, vol. 121, issue 3, 483 pages

Abstract: Michaelowa (2003, 2002) proposes a political-economy model to explain the re-design of the Heavily Indebted Poor Country (HIPC) debt reliefinitiative in 1999. The principal assumption justifying the adoption of thisalternative approach is an alleged paucity, if not non-existence, of applied economic research on sustainable debt levels. This note challenges that assumption. Copyright Kluwer Academic Publishers 2004

Date: 2004
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DOI: 10.1007/s11127-004-3285-3

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