Assessing the relationship between Chinese capital flows and African debt sustainability
AbstractIn a period where Western donors and economic powers are occupied with own domestic issues, China intensifies its economic ties with Africa. This paper sheds light on this engagement by evaluating the influence of financial capital flows from China on the debt sustainability and country risk of selected African countries. As such, sovereign bond ratings are estimated on several macroeconomic variables and included in a yield spread panel data framework in order to evaluate the external impact.
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Date of creation: Jun 2012
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données de panel; flux de capitaux; panel data; capital flows; shadow bond ratings;
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