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VOLUNTARY DEBT REDUCTION OPERATIONS: BOLIVIA, MEXICO, AND BEYOND
Author(s) -
LAMDANY RUBEN
Publication year - 1989
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/j.1465-7287.1989.tb00563.x
Subject(s) - creditor , debtor , debt , business , reduction (mathematics) , turnover , external debt , finance , financial system , economics , geometry , mathematics , management
This paper describes the main aspects and the results of voluntary debt reduction operations that occurred recently in Bolivia and Mexico. It studies the motivations and behavior of the three main agents in such operations: debtor countries, participating creditor banks and non‐participating creditor banks. The paper also discusses the main issues that debtors must address in designing future voluntary debt reduction operations.