INTRODUCTION The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005(1) ("BAPCPA") was signed into law on April...
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The Economics of Debt Relief I. Introduction In the period 1973-82, greatly increased foreign finance to developing countries...
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GAO-08-888R July 24, 2008 A buildup of foreign debt throughout the 1970s and 1980s--combined with low growth, falling...
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AFTER NEARLY A DECADE OF SUFFERING from debt-ridden economies, in the early nineties many countries with large external...
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Efforts to lighten the debt burden of poor countries go back at least two decades. The most recent,...
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The Millennium Development Goals (MDGs) now provide a clear set of objectives for mobilizing the international development community,...
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Edited by David Felix. Armonk, N.Y.: M.E. Sharpe, Inc., 1990. Pp. xxiii, 302. $45.00. This book grew out...
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THE Heavily Indebted Poor Countries (HIPC) Initiative, launched in 1996, was the first comprehensive effort by the international...
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Many less developed countries in the past decade failed to meet contractual obligations on their external debt. Lenders...
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For those concerned about poverty in general and highly indebted countries in particular, the Millennium Development Goals (MDGs),...
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GAO-04-526 May 20, 2004 GAO is required to review the steps taken by the Department of the Treasury...
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GAO-04-526 May 20, 2004 GAO is required to review the steps taken by the Department of the Treasury...
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I. INTRODUCTION In 1741 the Puritan preacher Jonathan Edwards delivered the sermon Sinners in the Hands of an...
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Over the past three years, external creditors have strengthened the debt strategy by expanding the number of channels...
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THE IDEA OF BANKRUPTCY FOR insolvent sovereign borrowers has been around a long time, at least since Adam...
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Why has the current international debt crisis lasted so long? It is still going strong after nearly a...
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IN THIS PAPER WE argue that history matters: that a country's record at meeting its debt obligations and...
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I. INTRODUCTION Adam Smith recommended sovereign insolvency as "always the measure which is both least dishonourable to the...
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HEADNOTE NIGERIA Nigeria, staggering under an estimated $35bn of debt, largely accrued by successive military regimes, has embarked...
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********** Many economists have long argued the desirability, for reasons of economic efficiency, of integrating the corporate and...
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From the 1980s to the present, there has been a tremendous increase in default rates and bankruptcy activity...
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Introduction The world debt crisis was brought about by excessive borrowing and large deficits on the part of...
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LOW-INCOME countries face serious challenges in meeting their development objectives, embodied in the Millennium Development Goals (MDGs) adopted...
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Reasonable levels of external debt that help finance productive investment may be expected to enhance growth, but beyond...
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Debt cancellation products have gained popularity among U.S. lenders. At last count, over 200 lenders are now offering...
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Second-lien lenders and borrowers are generally familiar with the economic advantages and disadvantages of second-lien loans. It is...
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HEADNOTE Kate Beddington-Brown provides an outline, an update, and tries to scotch a few rumours along the way....
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HEADNOTE Executive Summary. This study analyzes the impact of the Taxpayer Relief Act (TRA) of 1997 on Real...
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The question of sovereign debt restructuring has come up in the last three years, primarily in response to...
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MANY ANALYSTS IN academia, the private sector, and applied research institutions express increasing concern about the growing U.S....
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Recent discussions on international macroeconomic policy have centered on the large current account imbalances experienced by a number...
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FIRST MEXICO, THEN Asia, then Russia and Brazil. Now Argentina and Turkey. As always when financial, crises occur,...
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HEADNOTE Abstract: Scholars have long argued that overoptimism causes consumers to overborrow-to borrow more than they would if...
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IMAGE TABLE 1 When it becomes necessary for a state to declare itself bankrupt, in the same manner...
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Many companies currently find themselves in serious financial trouble because of the so-called "rolling recession" that has plagued...
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THE INTERNATIONAL community is currently seeking to scale up official development assistance, provide further debt relief, and explore...
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INTRODUCTION The recent proposal by the Bush Administration to eliminate shareholder-level taxes on dividends and retained earnings revived...
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THE PAPERS BY BULOW, Sachs, and White illustrate the interconnections inherent in most important economic policy issues, not...
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Ross P. Buckley is executive director of the Tim Fischer Center for Global Trade and Finance, Bond University,...
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HEADNOTE Jeremy Sutcliffe offers a controversial look at the Government's latest proposals to tackle that headline grabbing topic,...
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GAO-08-913 July 16, 2008 In 2005, Hurricanes Katrina, Rita, and Wilma devastated the Gulf Coast, destroying wide swaths...
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INTRODUCTION From 1992-2001, Uruguay was one of the most successful countries at tapping international capital markets. Clean credentials...
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Serious gaps exist in the means available tu deal with sovereign debt crises. In recent cases of sovereign...
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INTRODUCTION On June 7, 2001, President George W. Bush signed the Economic Growth and Tax Relief Reconciliation Act...
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The potential risks associated with high public debt have long been a concern of economic policymakers around the...
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ACCORDING TO RECENT PROJECTIONS, the U.S. government is on a trajectory to pay off most of the public...
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Recent Policy Initiatives concerning debt difficulties in Latin America have called for concerted action on the part of...
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Ineffective capital acquisition decisions at start up may lead to business failure and bankruptcy; a result which is...
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ON AUGUST 17, 1998, a little more than a month after an international package of emergency financing and...
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This paper describes the evolution of ideas to apply bankruptcy reorganization principles to sovereign debt crises. Our focus...
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