Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
Only three years after its endorsement by the World Bank and the IMF, the Heavily Indebted Poor Country (HIPC)--Initiative was considerably altered and enhanced. This policy shift can be explained as a result of utility maximization behavior by national and international politicians, international bureaucrats and NGO. A politico-economic model suggests that the overall rise of HIPC default risk and the symbolic value of the year 2000 have been the two major determinants of changes in volume, eligibility, and conditionality requirements. Copyright 2003 by Kluwer Academic Publishers