Buybacks of LDC Debt and the Scope for Forgiveness
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/buybacks-of-ldc-debt-and-the-scope-for-forgiveness_526772308631.html
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This paper explains why a debtor country may be eager to spend foreign exchange reserves on the retirement of its cross-border obligations at market prices. A simple two-period framework shows that such spending can be profitable to both the debtor countries and their foreign creditors, and thereby provides an explanation as to why the so-called...
