Growth and external debt
AbstractThis paper surveys the literature on external debt which has developed over the past decade. Initially this literature emphasized the intertemporal nature of the balance of payments, and reflected the view that balance of payments movements were an equilibrium phenomenon reflecting either transitory disturbances or permanent transfers of capital towards the poor countries. Subsequently the literature emphasized the risk of debt repudiation and focused on a theory of optimal credit ceilings imposed on a sovereign debtor. The third stage analysed the effect of a `debt overhang' on domestic investment, and the final stage analysed how sovereign debt could be best reduced.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by CEPREMAP in its series CEPREMAP Working Papers (Couverture Orange) with number 9302.
Length: 34 pages
Date of creation: 1993
Date of revision:
Other versions of this item:
- F34 - International Economics - - International Finance - - - International Lending and Debt Problems
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Dijkstra, Geske & Hermes, Niels, 2001. "The Uncertainty of Debt Service Payments and Economic Growth of HIPCs: Is there a Case for Debt Relief?," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- Adrian Penalver, 2003. "Capital flows to emerging markets," Bank of England working papers 183, Bank of England.
- Gala, Paulo Sérgio de Oliveira Simões & Pereira, Luiz Carlos Bresser, 2008.
"Why foreign savings fail to cause growth,"
Textos para discussÃ£o
159, Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil).
- Maria Thompson, 2008. "Complementarities and costly investment in a growth model," Journal of Economics, Springer, vol. 94(3), pages 231-240, September.
- Maria João Thompson, 2007. "Complementarities and Costly Investment in a One-Sector Growth Model," NIPE Working Papers 8/2007, NIPE - Universidade do Minho.
- Pereira, Luiz Carlos Bresser & Nakano, Yoshiaki, 2002. "Economic Growth With Foreign Saving?," Textos para discussÃ£o 118, Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil).
- Kaminsky, Graciela L. & Pereira, Alfredo, 1996.
"The debt crisis: lessons of the 1980s for the 1990s,"
Journal of Development Economics,
Elsevier, vol. 50(1), pages 1-24, June.
- Graciela L. Kaminsky & Alfredo Pereira, 1994. "The debt crisis: lessons of the 1980's for the 1990's," International Finance Discussion Papers 481, Board of Governors of the Federal Reserve System (U.S.).
- Maria João Ribeiro Thompson, 2003. "Complementarities, Costly Investment and Multiple Equilibria in a One-Sector Endogenous Growth Model," NIPE Working Papers 7/2003, NIPE - Universidade do Minho.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sébastien Villemot).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.