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Deficit financing in developing countries: Application and consequences

Author

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  • Hasan, Zubair

Abstract

This article discusses briefly various aspects and forms of deficit financing in modern economies. It deals with deficit financing (i) within countries and (ii) between the member countries of the International Monetary Fund (IMF} and that institution as aid provider to a member in difficulty. In (i) it focuses mainly on the use of deficit financing as an instrument to part fund development and its consequences. In (ii) it sees deficit financing on a global scale, explains IMF conditionality and the sort of programs it envisaged the aid seeking members to follow; it presents illustration and critique of these programs. In conclusion it contains some observations including a few policy suggestions

Suggested Citation

  • Hasan, Zubair, 2018. "Deficit financing in developing countries: Application and consequences," MPRA Paper 89654, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:89654
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    References listed on IDEAS

    as
    1. Zubair Hasan, 2016. "Risk-Sharing: The Sole Basis of Islamic Finance? Time for a Serious Rethink المشاركة في المخاطر: الأساس الوحيد للتمويل الإسلامي؟ حان الوقت لإعادة التفكير الجدي في الموضوع," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 29(2), pages 23-36, January.
    2. Hasan, Zubair, 2002. "The 1997-98 Financial Crisis In Malaysia: Causes, Response, And Results," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 9, pages 1-16.
    3. Hasan, Zubair, 2003. "The 1997-98 Financial Crisis In Malaysia: Causes, Response, And Results − A Rejoinder," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 10, pages 45-53.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Deficit financing; Economic development; IMF conditionality; Arms race; Environment;
    All these keywords.

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • H6 - Public Economics - - National Budget, Deficit, and Debt
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

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