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Die schweizerische Entschuldungsfazilität - ein Flop?

Dominik Egli

Swiss Journal of Economics and Statistics (SJES), 1994, vol. 130, issue I, 45-62

Abstract: The article presents an evaluation of the Swiss debt-reduction-facility, which was founded in 1991 in order to reduce the negative consequences of high outstanding debts of poor countries. The theoretical conditions for a success of the action are shown and compared with the empirical evidence. The result is that a direct gift would bring more utility for the addressees than the chosen facility.

Date: 1994
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