To Give or to Forgive? Aid versus Debt Relief

Is generalized debt relief an effective development strategy, or should assistance be tailored to countries' characteristics? To answer this question, the authors build a simple model in which recipient governments reveal their creditworthiness if donors offer them to choose between aid and deb...

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Bibliographic Details
Main Authors: Cordella, Tito, Missale, Alessandro
Language:en_US
Published: Elsevier 2013
Subjects:
aid
Online Access:http://hdl.handle.net/10986/16361