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Debt overhang, liquidity constraints and adjustment incentives.

By: Hofman, Bert.
Material type: materialTypeLabelBookSeries: Technical papers; no. 32. Publisher: Paris : OECD, 1990Subject(s): Debt | Developing countries -- Investments -- Structural adjustment/. -- Developing countries -- Investments -- Structural adjustment/. -- Developing countries -- Investments -- Structural adjustmentSummary: Examines whether the drop in problem debtors' investment is due to a debt overhang rather than to the switch in net external transfer.
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Examines whether the drop in problem debtors' investment is due to a debt overhang rather than to the switch in net external transfer.

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