Beschreibung:
Arnone and Presbitero analyze the design and the implementation of the Heavily Indebted Poor Countries (HIPC) Initiative, by pointing out its main drawbacks and suggesting a different approach to debt sustainability and debt relief programs.
Introduction; 1: Multilateral Initiatives and External Debt Sustainability; 1: The Heavily Indebted Poor Countries and the Multilateral Debt Relief Initiatives; 2: External Debt Sustainability; 2: HIPCs/LICs and Macroeconomic Management; 3: Domestic Debt in Developing Countries; 4: The Relevance of Domestic Debt in HIPCs; 5: Domestic Debt and Debt Sustainability; 3: External Debt and Macroeconomic Performance; 6: External Debt and Growth; 7: External Debt and Growth; 8: An Ex-Post Evaluation of Debt Relief 1; 4: The Challenges Ahead; 9: The Global Economic and Financial Crisis and the HIPCs 1; 10: Some Proposals for a Comprehensive Approach to Debt Sustainability and Debt Relief; 101: Afterword