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Debt-for-development Exchanges: The Origins of a Financial Technique


  • Buckley Ross

    (University of New South Wales)


Debt-for-development exchanges grew out of debt-equity exchanges and now include debt-for-nature, debt-for-education and debt2health exchanges, among other variants. This history and analysis of the evolution of this idea sheds considerable light upon the technique and allows a more nuanced appreciation of it.

Suggested Citation

  • Buckley Ross, 2009. "Debt-for-development Exchanges: The Origins of a Financial Technique," The Law and Development Review, De Gruyter, vol. 2(1), pages 53-76, June.
  • Handle: RePEc:bpj:lawdev:v:2:y:2009:i:1:n:3

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    References listed on IDEAS

    1. Marilyn E. Skiles, 1988. "Latin American international loan defaults in the 1930s: lessons for the 1980s?," Research Paper 8812, Federal Reserve Bank of New York.
    2. Baer, Werner & Hargis, Kent, 1997. "Forms of external capital and economic development in Latin America: 1820-1997," World Development, Elsevier, vol. 25(11), pages 1805-1820, November.
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    Cited by:

    1. Cassimon, Danny & Prowse, Martin & Essers, Dennis, 2011. "Financing the Clean Development Mechanism through debt-for-efficiency swaps? Case study evidence from a Uruguayan wind farm project," IOB Working Papers 2011.06, Universiteit Antwerpen, Institute of Development Policy (IOB).

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