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(James Feyrer and Bruce Sacerdote) Debt reduction without default?
Debt reduction took place in two stages.
How debt reduction occurs is also important.
The extra debt interest.
"Debt reduction for developing nations".
Africa has gained substantially from debt reduction.
"But debt reduction is too slim.
The economic effect is less debt reduction.
That money is going to debt reduction.
On debt forgiveness, there is an international consensus on debt reduction combined with poverty reduction.
And the extra debt should be manageable.
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