Developing country debt: the budgeting and transfer problem.
By: Reisen, Helmut; Trotsenbur, Axel Van.
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This study introduces three innovative elements which distinguish it from others: (i) the authors apply the principle lessons (ii) the study's focus on the fiscal problem that the external debt overhang has produced (iii) the authors examine in detail whether the export structures were indeed capable of servicing external debt.
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