This paper investigates the debt clearing problem in a debt network with complicated debt relations among various debtors. Each pair of debt relations is modeled with both forward debt chain and backward debt chain to simplify the whole debt network with a developed algorithm. A debt clearing strategy is derived and its benefits and managerial implications are shown in risk management. This paper further demonstrates the validation of the approach for sovereign debt analysis and risk analytics using real debt data from ten developed countries.

中文翻译：

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清算不良债务网络的决策支持方法

本文研究了债务人之间债务关系复杂的债务网络中的债务清算问题。每对债务关系都使用前向债务链和后向债务链建模，以通过开发的算法简化整个债务网络。衍生出债务清算策略，并在风险管理中显示其收益和管理影响。本文进一步论证了使用来自十个发达国家的实际债务数据对主权债务分析和风险分析方法的验证。