External debt and macroeconomic vulnerability : a proposal for state-contingent debt contracts to achieve low-income country debt sustainability
We argue that the 'New Debt Sustainability Framework' (DSF), as recently introduced by the Bretton Woods Institutions, is tailored to suit the aid allocation mechanism centred on the Country Policy and Institutional Assessment (CPIA), but fails to take into account low-income countries...
Main Author: | |
---|---|
Published: |
SOAS, University of London
2007
|
Subjects: | |
Online Access: | https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.439775 |