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The debt overhang and the disincentive to invest

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  • Deshpande, Ashwini

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Article provided by Elsevier in its journal Journal of Development Economics.

Volume (Year): 52 (1997)
Issue (Month): 1 (February)
Pages: 169-187

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Handle: RePEc:eee:deveco:v:52:y:1997:i:1:p:169-187

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Web page: http://www.elsevier.com/locate/devec

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  1. Fry, Maxwell J., 1989. "Foreign debt instability: an analysis of national saving and domestic investment responses to foreign debt accumulation in 28 developing countries," Journal of International Money and Finance, Elsevier, vol. 8(3), pages 315-344, September.
  2. Kenneth A. Froot, 1988. "Buybacks, Exit Bonds, and the Optimality of Debt and Liquidity Relief," NBER Working Papers 2675, National Bureau of Economic Research, Inc.
  3. Dooley, Michael P, 1989. "Debt Relief and Leveraged Buy-Outs," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(1), pages 71-75, February.
  4. Joshua Greene & Delano Villanueva, 1991. "Private Investment in Developing Countries: An Empirical Analysis," IMF Staff Papers, Palgrave Macmillan, vol. 38(1), pages 33-58, March.
  5. Borensztein, Eduardo, 1990. "Debt overhang, credit rationing and investment," Journal of Development Economics, Elsevier, vol. 32(2), pages 315-335, April.
  6. Cohen, Daniel, 1993. "Low Investment and Large LDC Debt in the 1980's," American Economic Review, American Economic Association, vol. 83(3), pages 437-49, June.
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