Theoretical Issues in International Lending to Developing Countries by Private Financial Institutions PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Theoretical Issues in International Lending to Developing Countries by Private Financial Institutions PDF full book. Access full book title Theoretical Issues in International Lending to Developing Countries by Private Financial Institutions by Choeljoon Kang. Download full books in PDF and EPUB format.
Author: Choeljoon Kang
Publisher:
ISBN:
Category : Banks and banking, International
Languages : en
Pages : 292
Get Book Here
Book Description
Author: Choeljoon Kang
Publisher:
ISBN:
Category : Banks and banking, International
Languages : en
Pages : 292
Get Book Here
Book Description
Author: Jeffrey Sachs
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 68
Get Book Here
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:
Publisher: Martinus Nijhoff Publishers
ISBN: 9789024729623
Category : Law
Languages : en
Pages : 420
Get Book Here
Book Description
The Academy is a prestigious international institution for the study and teaching of Public and Private International Law and related subjects. The work of the Hague Academy receives the support and recognition of the UN. Its purpose is to encourage a thorough and impartial examination of the problems arising from international relations in the field of law. The courses deal with the theoretical and practical aspects of the subject, including legislation and case law. All courses at the Academy are, in principle, published in the language in which they were delivered in the "Collected Courses of the Hague Academy of International Law .
Author: C. Fred Bergsten
Publisher:
ISBN:
Category : Banks and banking, International
Languages : en
Pages : 234
Get Book Here
Book Description
Author: John Loxley
Publisher: Routledge
ISBN: 0429692188
Category : Social Science
Languages : en
Pages : 228
Get Book Here
Book Description
One of the most important and controversial challenges feeing the international financial and trading system is the need for developing countries to meet their high and rapidly growing external debt obligations and foreign exchange requirements. Developing countries have suffered major shocks in the form of global recession, high real interest rates, weakened terms of trade, and rising protectionism against their exports. The International Monetary Fund, the World Bank, Western central banks, and private financial institutions are seeking to avoid a collapse of the international financial system, and developing countries are seeking to grow through increased trade and access to external financing. Yet the fragility of current international trade and monetary systems seriously threatens the achievement of both sets of objectives. Professor Loxley integrates the structural adjustment experience of Third World countries with the policies, practices, and relationships of external financial agents in his discussion of options for reforming policy and of the limitations inherent in implementing these reforms.
Author: Marilyn J. Seiber
Publisher: Elsevier
ISBN: 1483189813
Category : Business & Economics
Languages : en
Pages : 224
Get Book Here
Book Description
International Borrowing by Developing Countries analyzes the various aspects of developing-country debt. The title covers various concepts such as theory of borrowing, official and private debt, petrofund recycling, and debt relief. The text first deals with role of external capital and debt in economic development, and then proceeds to examining the historical debt experience of the now-creditor countries. Next, the selection tackles the official bilateral and multilateral debt along with its patterns, magnitude, and the procedures and experience of official debt rescheduling. The text also analyzes the private Eurocurrency debt and the official positions on debt relief and reviews proposals for recycling petrofunds and providing new sources of financing. The last part deals with the political factors that will affect external debt, as well as recommendations for future policy. The book will be of great interest to economists, political scientists, game theorists, and sociologists.
Author: Graham Bird
Publisher: Routledge
ISBN: 1134817649
Category : Business & Economics
Languages : en
Pages : 201
Get Book Here
Book Description
Recent years have seen IMF lending focusing almost exclusively on the developing world as richer countries have turned to more flexible sources of finance. This provides the first analysis of Fund lending and key changes needed for future success.
Author: Margee M. Ensign
Publisher: Routledge
ISBN: 1136887954
Category : Business & Economics
Languages : en
Pages : 74
Get Book Here
Book Description
The primary questions addressed by this study, first published in 1988, focus on how private bankers made decisions on the creditworthiness of developing countries during the 1970s and what the implications of these decision rules are for the developing countries today. Based on interviews with senior bankers about their decision rules, the author has developed artificial intelligence-based simulations of their images of creditworthiness. Discussed are contemporary proposals for solving the debt crisis.
Author: Jose Antonio Ocampo
Publisher: Zed Books
ISBN: 9781842778623
Category : Business & Economics
Languages : en
Pages : 228
Get Book Here
Book Description
This publication reviews the major financing issues influencing economic development since the historic Monterrey Consensus of the International Conference on Financing for Development in 2002. It contains four main chapters under the headings of: international private capital flows; official development financing; external debt; and systemic issues.
Author: R. Albert Berry
Publisher: Transaction Publishers
ISBN: 9781412820721
Category : Political Science
Languages : en
Pages : 412
Get Book Here
Book Description
Critical Issues in International Financial Reform ad- dresses weaknesses of the current international financial system and potential beneficial reforms. The focus is on the countries of Latin America and the Caribbean, but the authors also take into account relevant lessons from the experience of Canada, a country highly integrated into world and hemispheric trade and financial markets. Critical Issues offers a new perspective on a discussion too often dominated by interest groups that take strong, even rigid, positions on issues with limited understanding of the technical aspects of the issues, and little concern for the interests of the developing world. Its chapters have been written by experts in the economic, political, and social aspects of the international financial integration of developing countries. Financial crises and their associated social and economic traumas are the most apparent symptom that something is amiss in the process of world economic integration. But there are also broader questions about the nature and magnitude of the benefits and costs of increased international capital flows for different groups of countries in the developing and developed worlds. For example, even in the absence of turbulence, is it optimal for all participants that capital movements be as free as possible? Does capital inflow discourage domestic savings to a degree that should cause worry? Are some types of flows inherently more beneficial than others--for instance, direct investment flows versus flows into host stock markets? How can the instability of capital movements best be curtailed? These questions concern the contributors to this volume. This volume demonstrates that the evolution of the world financial system, its various problems, and what is or is not done about them require an understanding of the links among financial, economic, and political variables. Critical Issues in International Financial Reform is an important contribution to this debate, and will be of value to researchers in economic policy, history, and international politics. Albert Berry is professor of economics at the University of Toronto and research director of the Program on Latin America and the Caribbean. Gustavo Indart is special lecturer of economics and the coordinator of the Program on Latin America and the Caribbean at the University of Toronto. "The papers in this conference volume are grounded on solid economic theory and empirical research, and take a critical view of the prescriptions of the so-called Washington Consensus and of the policies followed in most developing countries under the advice of the international financial institutions (IFIs). The economics and the political economy of their current financial arrangements, in which the IFIs play such an importnat role, are given a thorough treatment. This volume is a very valuable contribution to a debate that interests both academics and policymakers. The thirteen papers are uniformly of high quality and are often very innovative."--Juan-Antonio Morales, president, Central Bank of Bolivia "A stimulating and balanced set of analyses, drawing insightfully upon comparative experiences, of national and international financial systems and their reform, both actual and potential. It is unusual and welcome in its effective blending of political and economic insights, and its use of analyses that are refreshingly skeptical of orthodox presumptions."--Gerald Helliner, University of Toronto
