Debt Dynamics and Contingency Financing: Theoretical Reappraisal of the HIPC Initiative

Machiko Nissanke and Benno Ferrarini

No DP2001-139, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The objective of this paper is to examine debt dynamics of highly indebted poor countries (HIPCs) and identify key factors responsible for their protracted debt crisis. For this purpose, we first evaluate economic conditions of debt sustainability in the context of the intertemporal borrowing model, the growth-cum-debt model and the gap models.

Keywords: Public debt; Economic assistance and foreign aid; Economic development (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://www.wider.unu.edu/sites/default/files/dp2001-139.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:dp2001-139

Access Statistics for this paper

More papers in WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER) Contact information at EDIRC.
Bibliographic data for series maintained by Siméon Rapin ().