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Debt reduction schemes and the management of Chilean debt (anglais)

Chile's foreign liabilities, as those of many developing countries, increased dramatically during the second half of the seventies and the early eighties. After the depression of 1982-83, the country's debt climbed over 100 percent of GDP, a combined effect of the economic crisis and of real depreciation of the Chilean Peso. This paper focusses on the analysis of debt reduction schemes from the perpsective of the debtor country. A central aspect of...
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