Predicting the Timing and Quantity of LDC Debt Rescheduling

Lloyd-Ellis, H., McKenzie, G.W. and Thomas, S.H. (1991) Predicting the Timing and Quantity of LDC Debt Rescheduling. Economics Letters, 32, (1), 67-73. (doi:10.1016/0165-1765(90)90051-2).


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In this paper we estimate a Type 2 Tobit model to explain both the timing and quantity of developing country debt rescheduling using an annual data set for 27 countries from 1977–1981 and six-monthly data for 59 countries from 1977–1985. We obtain a satisfactory model for both the timing and quantity of rescheduling which will be more useful for country risk analysis than models which predict the timing alone.

Item Type: Article
Digital Object Identifier (DOI): doi:10.1016/0165-1765(90)90051-2
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Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions : University Structure - Pre August 2011 > School of Management
ePrint ID: 37393
Accepted Date and Publication Date:
Date Deposited: 12 Feb 2007
Last Modified: 31 Mar 2016 12:06

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