Waiting for Jubilee: The Campaign for Debt Cancellation

2021 ◽  
pp. 119-133
Author(s):  
Timothy Jones
Keyword(s):  
Debt Cancellation

A Pathway to Racial Equity: Student Debt Cancellation Policy Designs

2021 ◽  
pp. 232949652110246
Author(s):  
Raphaël Charron-Chénier ◽  
Louise Seamster ◽  
Thomas M. Shapiro ◽  
Laura Sullivan
Keyword(s):  
Negative Impact ◽  
The United States ◽  
Policy Outcomes ◽  
Student Debt ◽  
Racial Equity ◽  
Racial Wealth Gap ◽  
Consumer Finances ◽  
Debt Cancellation ◽  
Key Policy ◽  
The Impact

Student debt in the United States has had a disproportionate negative impact on black and Latinx borrowers. We argue that analyses of plans proposing student debt cancellation should therefore foreground their potential impact on racial equity. To do so, we use data from the 2019 Survey of Consumer Finances and model the impact of debt cancellation on four key policy outcomes (reach, impact on the most vulnerable borrowers, borrower wealth gains, and impact on racial wealth gaps). We examine universal policy designs as well as designs that incorporate an income eligibility threshold as a means of targeting benefits toward less affluent borrowers. We find that cancellation amounts ranging from $50,000 to $75,000 yield the most desirable outcomes, especially when paired with a relatively low household income eligibility cutoff at between $100,000 and $150,000. Such policies would cancel roughly half of all outstanding student debt without substantially expanding the racial wealth gap, while still reaching a large majority of borrowers and leading to substantial wealth gains, especially for black households.

Strengthening the Fund's Ability to Assist Low-Income Countries Meet Balance of Payments Needs Arising from Sudden and Exogenous Shocks -- Supplement

Policy Papers ◽  
2005 ◽  
Vol 2005 (40) ◽  
Author(s):  
Keyword(s):  
Low Income ◽  
Debt Relief ◽  
Balance Of Payments ◽  
Low Income Countries ◽  
Exogenous Shocks ◽  
Debt Cancellation ◽  
Operational Aspects

The G-8 debt relief proposal, if adopted, should have little impact on the rational and operational aspects of the shocks window, but it may affect some of the financing consideratins, which are taken up in the page on "The G-8 Debt Cancellation Proposal and its Implications for the Fund.

The G-8 Debt Cancellation Proposal and Its Implications for the Fund - Further Considerations

Policy Papers ◽  
2005 ◽  
Vol 2005 (68) ◽  
Author(s):  
Keyword(s):  
International Development ◽  
Poor Country ◽  
International Development Association ◽  
Development Fund ◽  
African Development ◽  
Debt Cancellation ◽  
Hipc Initiative ◽  
Heads Of State

The G-8 has proposed that the Fund, the International Development Association, and the African Development Fund cancel 100 percent of their claims on countries having reached, or upon reaching, the completion point under the enhanced Heavily Indebt Poor Country (HIPC) Initiative. The proposal was initially presented to the G-8 Finance Ministers' Conclusions on Development issued on June 11, 2005, and reaffirmed in the statement on Africa signed by G-8 Heads of State and Government at the Gleneagles Summit on July 8, 2005.

Proposed West African currency faces further delays

2020 ◽  
Keyword(s):  
West African ◽  
Capital Flight ◽  
Short Term ◽  
The West ◽  
Content Type ◽  
Political Issues ◽  
Currency Depreciation ◽  
Existing Problems ◽  
Debt Cancellation ◽  
English Speaking

Subject West African currency plans. Significance The new ‘Eco’ currency backed by the West African and Economic Monetary Union (WAEMU) and France is meant to be put into circulation in July. However, the COVID-19 pandemic and other political issues have compounded existing problems in meeting the deadline. At a recent extraordinary summit of ECOWAS leaders, the Eco issue was notably absent from the agenda. Meanwhile, divisions and confusion persist over proposed regional currency plans, with accusations from several mainly English-speaking states that an earlier ECOWAS-backed ‘Eco’ single currency has been hijacked. Impacts In the event the WAEMU Eco is introduced, France’s guarantee will mitigate the risk of capital flight and abrupt currency depreciation. Nigeria will likely oppose WAMZ members joining the WAEMU Eco until such point as there is no French involvement. ECOWAS’s short-term focus will be on the African Union’s debt cancellation and relief initiatives.

Sign in / Sign up

Export Citation Format

Share Document