The Debt Crisis: Structural Explanations of Country Performance

This paper develops a cross-country statistical model of debt rescheduling, and the secondary market valuation of LDC debt, which links these variables to key structural characteristics of developing countries, such as the trade regime, the degree of income inequality, and the share of agriculture

本文构建了一项针对债务重组与欠发达国家（LDC）债务二级市场估值的跨国统计模型，该模型将上述两类变量与发展中国家的关键结构性特征相关联，例如贸易制度、收入不平等程度以及农业占比。