This paper addresses the question of external borrowing from the perspective of the borrowing country. The first section sketches a formal framework for optimal borrowing by a developing country, as seen from the planner's point of view. The next three sections use this framework for the development of three important limits on external borrowing: the problem of solvency, the problem of liquidity and the problem created by the possibility of repudiation. The fifth section relates external borrowing to macroeconomic management of the borrowing country, and the sixth section pulls together the many factors that suggest that external debt of a country should be subject to central management or at least surveillance. Following that, we offer so...
Abstract: The external debt of the Republic of Moldova is increasing constantly. Excessive...
SIGLEBibliothek Weltwirtschaft Kiel C 158689 / FIZ - Fachinformationszzentrum Karlsruhe / TIB - Tech...
How can governments design policies that alleviate the macroeconomic implications of financial frict...
We analyze the pattern of growth of a nation which borrows abroad and which has the option of repudi...
This article discusses one of the most essential problems of international finances, that is externa...
Optimal International Borrowing, Capital Allocation and Credit-Worthiness Control The paper dev...
This paper surveys the literature on external debt which has developed over the past decade. Initial...
This paper develops a model of sovereign debt where governments are myopic. Instead of focusing on t...
The past decade has witnessed a steady increase in outstanding external sovereign debt issued by eme...
The traditional view of sovereign debt as a relationship between a developing country government and...
This paper attempts to survey, and to put into perspective, recent literature that has analyzed the ...
Analyzes the nature of credit relations between developed and developing countries. Use of advances ...
This dissertation is an exploratory study of the effect of external debt on growth of (debtor) devel...
The boom in commercial bank lending to less developed countries (LDCs) in the past ten years, which ...
This paper identifies conditions under which the presence of country risk induces a distortion. Opti...
Abstract: The external debt of the Republic of Moldova is increasing constantly. Excessive...
SIGLEBibliothek Weltwirtschaft Kiel C 158689 / FIZ - Fachinformationszzentrum Karlsruhe / TIB - Tech...
How can governments design policies that alleviate the macroeconomic implications of financial frict...
We analyze the pattern of growth of a nation which borrows abroad and which has the option of repudi...
This article discusses one of the most essential problems of international finances, that is externa...
Optimal International Borrowing, Capital Allocation and Credit-Worthiness Control The paper dev...
This paper surveys the literature on external debt which has developed over the past decade. Initial...
This paper develops a model of sovereign debt where governments are myopic. Instead of focusing on t...
The past decade has witnessed a steady increase in outstanding external sovereign debt issued by eme...
The traditional view of sovereign debt as a relationship between a developing country government and...
This paper attempts to survey, and to put into perspective, recent literature that has analyzed the ...
Analyzes the nature of credit relations between developed and developing countries. Use of advances ...
This dissertation is an exploratory study of the effect of external debt on growth of (debtor) devel...
The boom in commercial bank lending to less developed countries (LDCs) in the past ten years, which ...
This paper identifies conditions under which the presence of country risk induces a distortion. Opti...
Abstract: The external debt of the Republic of Moldova is increasing constantly. Excessive...
SIGLEBibliothek Weltwirtschaft Kiel C 158689 / FIZ - Fachinformationszzentrum Karlsruhe / TIB - Tech...
How can governments design policies that alleviate the macroeconomic implications of financial frict...