Problem
During the 1980s debt crises, economist Peter B. Kenen of Princeton University suggested the creation of a government-sponsored International Debt Discount Corporation (IDDC) that would issue its own long-term bonds to banks in exchange for their loans to developing countries. How might an IDCC have facilitated debt relief for developing countries? What problems can you see in operating such a facility?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.