Financing Economic Reform: Mobilizing Domestic Resources and Attracting the Right Kind of External Resources
AbstractThe paper investigates the four major ways that governments can finance their deficits: (a) monetising the deficit by borrowing from the central bank (b) reducing the interest cost of borrowing by thrusting debt down the throats of captive buyers, primarily commercial banks; (c) borrowing abroad in foreign currency; and (d) borrowing from voluntary domestic private sector lenders.
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Bibliographic InfoPaper provided by Department of Economics, University of Birmingham in its series Discussion Papers with number 96-20.
Length: 29 pages
Date of creation: 1996
Date of revision:
ECONOMIC POLICY; ECONOMIC GROWTH;
Find related papers by JEL classification:
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
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