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...

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Bibliographic Details
Main Author: Ferrarini, Benno
Published: SOAS, University of London 2007
Subjects:
Online Access:https://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.439775