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Debt-for-development Exchanges: The Origins of a Financial Technique

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  • Buckley Ross

Abstract

Debt-for-development exchanges grew out of debt-equity exchanges and now include debt-for-nature, debt-for-education and debt2health exchanges, among other variants. This history and analysis of the evolution of this idea sheds considerable light upon the technique and allows a more nuanced appreciation of it.

Suggested Citation

  • Buckley Ross, 2009. "Debt-for-development Exchanges: The Origins of a Financial Technique," The Law and Development Review, De Gruyter, vol. 2(1), pages 53-76, June.
    • Handle: RePEc:bpj:lawdev:v:2:y:2009:i:1:n:3
    DOI: 10.2202/1943-3867.1027
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    References listed on IDEAS

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    1. Greiner, Romy & Lankester, Allyson, 2006. "Debt-for-conservation swaps – a possible financial incentive for on-farm biodiversity conservation?," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139768, Australian Agricultural and Resource Economics Society.
    2. Anayiotos, George & de Pinies, Jaime, 1990. "The secondary market and the international debt problem," World Development, Elsevier, vol. 18(12), pages 1655-1669, December.
    3. Marilyn E. Skiles, 1988. "Latin American international loan defaults in the 1930s: lessons for the 1980s?," Research Paper 8812, Federal Reserve Bank of New York.
    4. Jeffrey D. Sachs, 1989. "Developing Country Debt and the World Economy," NBER Books, National Bureau of Economic Research, Inc, number sach89-3.
    5. Baer, Werner & Hargis, Kent, 1997. "Forms of external capital and economic development in Latin America: 1820-1997," World Development, Elsevier, vol. 25(11), pages 1805-1820, November.
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    Cited by:

    1. Danny Cassimon & Martin Prowse & Dennis Essers, 2014. "Financing the Clean Development Mechanism through Debt-for-Efficiency Swaps? Case Study Evidence from a Uruguayan Wind Farm Project," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 26(1), pages 142-159, January.
    2. Emilios Avgouleas, 2013. "Effective Governance of Global Financial Markets: an Evolutionary Plan for Reform," Global Policy, London School of Economics and Political Science, vol. 4, pages 74-84, July.

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