Theoretical Issues in International Borrowing PDF Download
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Author: Jeffrey Sachs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 60
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Book Description
Author: Michael Tomz
Publisher: Princeton University Press
ISBN: 0691134693
Category : Business & Economics
Languages : en
Pages : 324
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Book Description
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Author: Jeffrey Sachs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 68
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Book Description
The current crisis in international lending points up a lesson re-learned several times in the past 150 years: the international loan markets function very differently from the textbook model of competitive lending. This paper discusses various extensions of the basic model. First, we amend the textbook model to show how limitations on a government'staxing authority may greatly affect its optimal borrowing strategy. Second, we explore the implications of adebtor country's option to repudiate debt. Third, we show that efficient lending may require collective actions by bank syndicates, and that a breakdown in collective action can result in serious inefficiencies and even financial panics.
Author: Jeffrey Sachs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 60
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Book Description
Author: M. Ayhan Kose
Publisher: World Bank Publications
ISBN: 1464815453
Category : Business & Economics
Languages : en
Pages : 420
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Book Description
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Author: Jonathan Eaton
Publisher:
ISBN: 9780881652185
Category : Developing countries
Languages : en
Pages : 44
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Book Description
Author: S. Ali Abbas
Publisher: Oxford University Press, USA
ISBN: 0198850824
Category : Business & Economics
Languages : en
Pages : 455
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Book Description
This book is an attempt to build some structure around the issues of sovereign debt to help guide economists, practitioners, and policymakers through this complicated, but not intractable, subject.
Author: G.M. Grossman
Publisher: Elsevier
ISBN: 0080933459
Category : Business & Economics
Languages : en
Pages : 896
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Book Description
Handbook of International Economics
Author: Ronald Winthrop Jones
Publisher: Elsevier
ISBN: 0444828648
Category : Business & Economics
Languages : en
Pages : 896
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Book Description
"This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods. The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with economic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior."--Publisher's information
Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 9781589061224
Category : Business & Economics
Languages : en
Pages : 260
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Book Description
This paper empirically investigates the monetary impact of banking crises in Chile, Colombia, Denmark, Japan, Kenya, Malaysia, and Uruguay during 1975–98. Cointegration analysis and error correction modeling are used to research two issues: (i) whether money demand stability is threatened by banking crises; and (ii) whether crises lead to structural breaks in the relation between monetary indicators and prices. Overall, no systematic evidence that banking crises cause money demand instability is found. The paper also analyzes inflation targeting in the context of the IMF-supported adjustment programs.
Author:
Publisher: Edward Elgar Publishing
ISBN: 9781781008669
Category : Business & Economics
Languages : en
Pages : 372
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Book Description
This important volume brings together 17 major essays written over the last 25 years in the field of growth and development. Many of the papers make pioneering contributions, while others are more reflective and eclectic.
