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Low Income Countries, Credit Rationing and Debt Relief: Bye bye international financial market?

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Table 1: Causality from Debt Relief to the Concessionality Rate of loans Lag order K = 1 K = 2 K = 3 REDDEBT to SPREAD W HN C 1.1802 2.7967 5.0218 Z HN C 0.6978 (0.4853) 4.3634 (0.0000) 13.5627 (0.0000) e Z HN C 0.1724 (0.8632) 1.0603 (0.2890) 2.3815 (0.01
Table 2: Causality from Debt Relief to the extended Concessionality Rate (loans and grants)
Table 3: Causality from the standard Concessionality Rate to Debt Relief Lag order K = 1 K = 2 K = 3 SPREAD to REDDEBT W HN C 1.0377 2.9780 5.4222 Z HN C 0.1460 (0.8839) 5.3667 (0.0000) 16.2484 (0.0000) e Z HN C -0.2728 (0.7850) 1.4366 (0.1508) 3.0080 (0.0
Table 4: Causality from the extended Concessionality Rate to Debt Relief Lag order K = 1 K = 2 K = 3
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