The Anatomy of a Successful Debt Swap
Privatization and Development, S.H. Hanke, ed., San Francisco: Institute for Contemporary Studies Press, 1987
Posted: 30 Jan 2013 Last revised: 15 Mar 2013
Date Written: 1987
Debt swaps have been endorsed by the Reagan Administration as part of the so-called Baker Plan, by various multi-national lending organizations, and are a means of reducing external debt and of stimulating the flow of capital to indebted nations. Since this flow of external capital can, among other things, provide a source of financing for newly privatized enterprises, debt swaps can play an important role in promoting privatization, particularly in countries where domestic savings rates are low.
Keywords: Steve Hanke, Anatomy, Successful Debt Swap, Privatization Development, Contemporary Studies
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