Official credits to developing countries: Implicit transfers to the banks
AbstractThis paper provides evidence that commercial banks have benefited greatly from official monies made available directly to developing countries or indirectly to the multilateral lending agencies. In particular, the stock market capitalization of creditor banks worldwide rose by about $6.2 billion at the time of the introduction of the U.S. proposal to increase its quota to the IMF by $8.5 billion in 1983, and by a low estimate of R.4 billion when details of the Brady Plan were made public in March 1989. Copyright 1993 by Ohio State University Press.
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Bibliographic InfoPaper provided by Tilburg University in its series Open Access publications from Tilburg University with number urn:nbn:nl:ui:12-155143.
Date of creation: 1993
Date of revision:
Publication status: Published in Journal of Money, Credit and Banking (1993) v.25, p.430-444
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Other versions of this item:
- Demirguc-Kunt, Asli & Huizinga, Harry, 1993. "Official Credits to Developing Countries: Implicit Transfers to the Banks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 25(3), pages 430-44, August.
- Demirguc-Kunt, Asli & Huizinga, Harry, 1991. "Official credits to developing countries : implicit transfers to the banks," Policy Research Working Paper Series 592, The World Bank.
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