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Garantía Oficial Implícita y Créditos Externos

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  • Carlos Cáceres
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    Abstract

    This paper develops a theoretical model to analyze the effect of an implicit official guaranty (IOG) perceived by the international banking on external credits to less developed countries (LDC's). The model rests on Rothschild-Stiglitz's definition of ris

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    File URL: http://www.economia.puc.cl/docs/072cacea.pdf
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    Bibliographic Info

    Article provided by Instituto de Economía. Pontificia Universidad Católica de Chile. in its journal Cuadernos de Economía.

    Volume (Year): 24 (1987)
    Issue (Month): 72 ()
    Pages: 127-142

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    Handle: RePEc:ioe:cuadec:v:24:y:1987:i:72:p:127-142

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    1. Sebastian Edwards, 1984. "The Order of Liberalization of the Current and Capital Accounts of the Balance of Payments," UCLA Economics Working Papers 328, UCLA Department of Economics.
    2. Eaton, Jonathan & Gersovitz, Mark, 1981. "Debt with Potential Repudiation: Theoretical and Empirical Analysis," Review of Economic Studies, Wiley Blackwell, vol. 48(2), pages 289-309, April.
    3. Hanoch, G & Levy, Haim, 1969. "The Efficiency Analysis of Choices Involving Risk," Review of Economic Studies, Wiley Blackwell, vol. 36(107), pages 335-46, July.
    4. Aizenman, Joshua, 1983. "Dynamics of trade liberalization policy," Journal of Development Economics, Elsevier, vol. 13(1-2), pages 133-142.
    5. Eaton, Jonathan & Taylor, Lance, 1986. "Developing country finance and debt," Journal of Development Economics, Elsevier, vol. 22(1), pages 209-265, June.
    6. Rothschild, Michael & Stiglitz, Joseph E., 1971. "Increasing risk II: Its economic consequences," Journal of Economic Theory, Elsevier, vol. 3(1), pages 66-84, March.
    7. Rothschild, Michael & Stiglitz, Joseph E., 1970. "Increasing risk: I. A definition," Journal of Economic Theory, Elsevier, vol. 2(3), pages 225-243, September.
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