Efficient Debt Reduction
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efficient debt reduction
Author | : Jeffrey Sachs |
Publisher | : World Bank Publications |
Total Pages | : 64 |
Release | : 1989 |
Genre | : Debt equity conversion |
ISBN | : |
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Debt reduction poses collective action problems that cannot be efficiently handled in the framework of voluntary market-based approaches. Instead we need concerted debt restructuring, based on below-market interest rates -- perhaps linked with credit enhancement by official creditors -- to provide the most direct mechanism for efficient, equitable sharing of losses.
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Learn the secrets to: Settle debt yourself; Stop phone calls (legally); Cut interest rates; Halt fees; Save up to 60% on unsecured debt. A step by step, do it y