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: Jeffrey D. Sachs
Publisher:
ISBN:
Category :
Languages : en
Pages : 54
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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: Choeljoon Kang
Publisher:
ISBN:
Category : Banks and banking, International
Languages : en
Pages : 292
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Book Description
Author: Chris Czerkawski
Publisher: Springer
ISBN:
Category : Business & Economics
Languages : en
Pages : 164
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Book Description
The international debt crisis is still a danger to the world economy. In this book, theory and practice are combined in one comprehensive approach to the debt problem. The theoretical issues are discussed in their conceptual, logical interrelationship and are related to the major macroeconomic issues of indebted countries. International risk assessment models are used as a bridge between theory of international finance and risk assessment methodologies used in commercial banking. External debt optimising models and default models are analyzed within a macroeconomic framework as well as with regard to debtors' creditworthiness. The debt problem is treated in two closely related parts. In the first one, the theoretical context of debt crisis is discussed in its macroeconomic setting; in the second part the debt relief techniques, instruments and policies are discussed within the framework of the new international debt strategy, and the components of the new debt management strategy.
Author: Kaushik Basu
Publisher: Princeton Univ International Economics
ISBN: 9780881652420
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
Author: Piet Sercu
Publisher: Princeton University Press
ISBN: 069113667X
Category : Business & Economics
Languages : en
Pages : 832
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Book Description
Focusing on international markets and multinational corporate finance, this book is the go-to resource for students seeking a complete understanding of the field.
Author: Ruth Fanny Kinge
Publisher: LAP Lambert Academic Publishing
ISBN: 9783838394510
Category :
Languages : en
Pages : 92
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Book Description
This study assesses the impact of the international debt burden on Cameroon s development. It is revealed in the study that Cameroon embarked on external borrowing in order to meet domestic expenditure and ensure a stable and viable local economy for meaningful development. Against this background series of international loans were contracted in order to uplift the living standards of Cameroonians. The underdevelopment theory is used as the theoretical framework to guide the study and test the propositions. The findings showed that Cameroon s international debt is a curse rather than a cure as the country devotes a greater part of its resources and revenue to the management of these loans and consequently cannot raise financial capital capable of fostering development. The study recommends the collective will of African countries to build self-sustaining local economies, reject massive expropriation of local resources and capital flight and the consequent rejection of external loans which often come with stringent conditionality meant to perpetuate underdevelopment.
Author: Meredith O. Clement
Publisher: Boston : Houghton Mifflin
ISBN:
Category : International economic relations
Languages : en
Pages : 474
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Book Description
Composite work on points of economic theory relating to international economics - covers trade and relative factor prices, trade and relative factor supplys, the terms of trade, the theory of tariff unions, the adjustment mechanism in respect of balance of payments, foreign exchange rates, international monetary policy, devaluation, dollar shortage and dollar glut, the adequacy of international reserves, etc. Econometrics studies, references and bibliographys.
Author: G.M. Grossman
Publisher: Elsevier
ISBN: 9780444815477
Category : Business & Economics
Languages : en
Pages : 902
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Book Description
This reference accords recognition to the recent revolution in macroeconomics wrought by imperfect competition. Grossman and Rogoff (Princeton U.) present chapters by two dozen contributors on two prime areas of research interest: international trade theory and policy (e.g. strategic trade patterns and policies, the relationship between trade and technological progress), and open economy macroeconomics and international finance (covering such topics as exchange rates, foreign lending, and policy coordination). The volume commences with Krugman's overview of the positive theory of international trade, and concludes with analyses of sovereign debt. Annotation copyrighted by Book News, Inc., Portland, OR.
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
