Article | Journal of Finance | December 1989

LDC Debt: Forgiveness, Indexation, and Investment Incentives

by K. A. Froot, D. Scharfstein and J. Stein

Keywords: Debt reduction; Chapter 7; Default; Debt restructuring; Borrowing and Debt;

Citation:

Froot, K. A., D. Scharfstein, and J. Stein. "LDC Debt: Forgiveness, Indexation, and Investment Incentives." Journal of Finance 44, no. 5 (December 1989): 1335–1350. (Revised from NBER Working Paper No. 2541, March 1988.)