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Effects of Debt Forgiveness Towards Economic Equilibrium: Solutions to Crises

Galadari, A. (2013) “Effects of Debt Forgiveness towards Economic Equilibrium: Solutions to Crises,” Global Conference on Business and Finance Proceedings, 8(1): 410-416.

7 Pages Posted: 24 Jul 2017

See all articles by Abdulla Galadari

Abdulla Galadari

Khalifa University of Science & Technology

Date Written: January 2, 2013

Abstract

This paper analyzes the impact of debt forgiveness on economic equilibrium. Since the root cause of an economic crisis is debt, eradicating the root may solve the problem. However, it does not prevent future crises from occurring. It is found that debt relief in a global scale can help reach economic equilibrium, but there are challenges to its practicality due to behavioural economics.

Keywords: Bailouts, Debt, Forgiveness, Economic Crisis, Relief

JEL Classification: A10, E00, E50, E60, F34, G33, H63

Suggested Citation

Galadari, Abdulla, Effects of Debt Forgiveness Towards Economic Equilibrium: Solutions to Crises (January 2, 2013). Galadari, A. (2013) “Effects of Debt Forgiveness towards Economic Equilibrium: Solutions to Crises,” Global Conference on Business and Finance Proceedings, 8(1): 410-416., Available at SSRN: https://ssrn.com/abstract=3006456

Abdulla Galadari (Contact Author)

Khalifa University of Science & Technology ( email )

Abu Dhabi
United Arab Emirates

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