Debt and aid, war and peace: Policy tradeoffs in conflict-affected countries

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dc.contributor.author Menzies, GD
dc.date.accessioned 2012-02-02T11:02:28Z
dc.date.issued 2006-01
dc.identifier.citation Review of Applied Economics, 2006, 20 (268), pp. 169 - 179
dc.identifier.issn 0973-1687
dc.identifier.other C1UNSUBMIT en_US
dc.identifier.uri http://hdl.handle.net/10453/15737
dc.description.abstract A creditor can balance debt recovery and humanitarian goals within an optimal contract framework. The approach ties together two strands of literature that assume either creditor self-interest (Krugman 1988) or benevolence (Addison and Murshed 2003). A reservation utility for the debtor serves as a metric for creditor benevolence. The optimal hyper-incentive contract recognizes that the attainment of health, education, peace and the appeasement of foreign creditors may be conflicting goals. Forgiving debt to motivate paying creditors may therefore have the unintended effect of reducing effort devoted to winning a civil war. For a given reservation utility for the debtor, aid directly targeted towards ending a civil war is a substitute for debt forgiveness.
dc.publisher American University of Sharjah
dc.title Debt and aid, war and peace: Policy tradeoffs in conflict-affected countries
dc.type Journal Article
dc.parent Review of Applied Economics
dc.journal.volume 268
dc.journal.volume 20
dc.journal.number 268 en_US
dc.publocation United Arab Emirates en_US
dc.identifier.startpage 169 en_US
dc.identifier.endpage 179 en_US
dc.cauo.name BUS.School of Finance and Economics en_US
dc.conference Verified OK en_US
dc.for 140212 Macroeconomics (Incl. Monetary and Fiscal Theory)
dc.personcode 030022
dc.percentage 100 en_US
dc.classification.name Macroeconomics (incl. Monetary and Fiscal Theory) en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US
dc.date.activity en_US
dc.location.activity en_US
dc.description.keywords debt overhang; debt forgiveness; optimal contracts; civil war; exports en_US
dc.description.keywords debt overhang
dc.description.keywords debt forgiveness
dc.description.keywords optimal contracts
dc.description.keywords civil war
dc.description.keywords exports
dc.description.keywords debt overhang
dc.description.keywords debt overhang
dc.description.keywords debt forgiveness
dc.description.keywords debt forgiveness
dc.description.keywords optimal contracts
dc.description.keywords optimal contracts
dc.description.keywords civil war
dc.description.keywords civil war
dc.description.keywords exports
dc.description.keywords exports
dc.description.keywords debt overhang
dc.description.keywords debt forgiveness
dc.description.keywords optimal contracts
dc.description.keywords civil war
dc.description.keywords exports
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Business
pubs.organisational-group /University of Technology Sydney/Faculty of Business/Economics
utslib.copyright.status Closed Access
utslib.copyright.date 2015-04-15 12:17:09.805752+10


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