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Donor herding and domestic debt crisis /

This paper presents a new model based on the loan-pushing model by Basu (1991) to show how a domestic debt crisis can occur in a low-income country following donor herding. The model focuses on the rational herding behavior of donors due to payoff and information externalities. Although there are ma...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Khamfula, Yohane Anthony, 1967- (Autor), Mlachila, Montfort (Autor), Chirwa, Ephraim W. (Autor)
Autor Corporativo: International Monetary Fund. Western Hemisphere Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, Western Hemisphere Dept., 2006.
Colección:IMF working paper ; WP/06/109.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Khamfula, Yohane Anthony,  |d 1967-  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjDgvd7whkqJ8kP8MmmY8C 
245 1 0 |a Donor herding and domestic debt crisis /  |c [prepared by] Yohane Khamfula, Montfort Mlachila, and Ephraim Chirwa. 
260 |a [Washington, D.C.] :  |b International Monetary Fund, Western Hemisphere Dept.,  |c 2006. 
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504 |a Includes bibliographical references. 
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533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
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520 |a This paper presents a new model based on the loan-pushing model by Basu (1991) to show how a domestic debt crisis can occur in a low-income country following donor herding. The model focuses on the rational herding behavior of donors due to payoff and information externalities. Although there are many theoretical models on herding behavior, these models have not formally considered the relationship between donor herding and domestic debt crisis in a low-income country. This paper is an attempt to fill this gap. The paper shows that due to donor herding behavior a domestic debt crisis can occur once the actual debt level is above the desirable one. 
505 0 |a Contents -- I. INTRODUCTION -- II. THE MODEL -- III. CONCLUSION -- REFERENCES 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Debts, External  |z Developing countries  |x Econometric models. 
650 0 |a Economic assistance  |z Developing countries  |x Econometric models. 
650 6 |a Dettes extérieures  |z Pays en voie de développement  |x Modèles économétriques. 
650 6 |a Aide économique  |z Pays en voie de développement  |x Modèles économétriques. 
650 7 |a Debts, External  |x Econometric models  |2 fast 
650 7 |a Economic assistance  |x Econometric models  |2 fast 
651 7 |a Developing countries  |2 fast 
700 1 |a Mlachila, Montfort,  |e author. 
700 1 |a Chirwa, Ephraim W.,  |e author. 
710 2 |a International Monetary Fund.  |b Western Hemisphere Department. 
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776 0 8 |i Print version:  |a Khamfula, Yohane Anthony, 1967-  |t Donor herding and domestic debt crisis.  |d [Washington, D.C.] : International Monetary Fund, Western Hemisphere Dept., 2006  |w (OCoLC)74550774 
830 0 |a IMF working paper ;  |v WP/06/109. 
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