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Deficit finance and developing economies: Implications and results

Author

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  • Zubair HASAN

    (INCEIF University, Malaysia)

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 elaborates on the use of deficit financing as an instrument to part fund development, role in crisis management and inflationary consequences. In (ii) it briefly 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 the instrument in each case. In conclusion it contains some observations including a few policy suggestions.

Suggested Citation

  • Zubair HASAN, 2018. "Deficit finance and developing economies: Implications and results," Turkish Economic Review, EconSciences Journals, vol. 5(4), pages 328-337, December.
    • Handle: RePEc:cvv:journ2:v:5:y:2018:i:4:p:328-337
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    References listed on IDEAS

    as
    1. Zubair Hasan, 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.
    2. Zubair Hasan, 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.
    3. 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.
    Full references (including those not matched with items on IDEAS)

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    1. Hasan, Zubair, 2018. "Deficit financing in developing countries: Application and consequences," MPRA Paper 89654, University Library of Munich, Germany.
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    More about this item

    Keywords

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    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • F35 - International Economics - - International Finance - - - Foreign Aid

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