Exact(1)
If commercial banks are not pressed by western governments to accept a straightforward package of debt reduction, they will fight to collect fully, and, failing that, will press for debt-equity swaps and other inadequate approaches to debt relief.
Similar(59)
This itself, they say, is a form of debt reduction.
Alberto Alesina of Harvard has surveyed the history of debt reduction.
They differ mostly about the pace of debt reduction.
All these factors will affect the rate of debt reduction, for better or worse.
but this is necessary to serve the greater cause of debt reduction.
Our results therefore have important implications for the design of debt reduction policies.
The WGI refers to the welfare gain per percentage point of debt reduction while TSC measures the combined reduction in social transfers and unproductive expenditure per percentage point of debt reduction.
"I think of debt reduction as financial freedom," Goldman says.
(The SDGs, laudably, make mention of debt reduction. This needs to happen on a massive scale).
Some discussion of debt reduction is presumably unavoidable in contemporary SOTU addresses.
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