Should Easier Access to Credit Replace Foreign Aid? A Trade-theoretic Analysis
We develop a two-period trade-theoretic model for a recipient country with credit constraints and develop a necessary and sufficient condition for replacing foreign aid by credit to be welfare improving.
Volume (Year): 33 (2013)
Issue (Month): 3 ()
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- Sajal Lahiri & Pascalis Raimondos, "undated".
"Competition for Aid and Trade Policy,"
EPRU Working Paper Series
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Elsevier, vol. 118(2), pages 255-257.
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- Stephen D. Williamson, 1984.
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572, Queen's University, Department of Economics.
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- Saqib Jafarey & Sajal Lahiri, 2009. "Developing Country Borrowing From A Monopolistic Lender: Strategic Interactions And Endogenous Leadership," The Japanese Economic Review, Japanese Economic Association, vol. 60(2), pages 191-207.
- Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
- Bernhard Paasche & Stanley E. Zin, 2001. "Competition and Intervention in Sovereign Debt Markets," NBER Working Papers 8679, National Bureau of Economic Research, Inc.
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