Hofman, Bert.

Debt overhang, liquidity constraints and adjustment incentives. - Paris : OECD, 1990. - Technical papers; no. 32 .

Examines whether the drop in problem debtors' investment is due to a debt overhang rather than to the switch in net external transfer.


Debt.
Developing countries -- Investments -- Structural adjustment/.--Developing countries -- Investments -- Structural adjustment/.--Developing countries -- Investments -- Structural adjustment/.