How these factors have interacted and the implications for the aggregate economy are subject to debate, but I have laid out some possible channels through which there could be effects and that I believe represent some particularly fruitful areas for continued research.
Well-defined rules on debt restructuring do not have to lead to easier defaults but rather to a more predictable and orderly process. Stepping up our efforts to reduce poverty in low-income countries Thirdly, is the question of the international community’s efforts to reduce poverty in low-income countries and on the role the Fund can play in this, without compromising its core function.