Ghosal, Sayantan; Thampanishvong, Kannika - Centre for Dynamic Macroeconomic Analysis, University … - 2007
optimal form of debt write-downs and the conditionality requirements attached to it with such governance problems in mind. To … deal with the domestic distributive conflict, it is crucial that the conditionality requirements target both provision of … use of long-run conditionality requirements. Against such a benchmark, we then evaluate the efficacy of the current debt …