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:
Debts, External > Developing countries > Econometric models.
Economic assistance > Developing countries > Econometric models.
Dettes extérieures > Pays en voie de développement > Modèles économétriques.
Aide économique > Pays en voie de développement > Modèles économétriques.
Debts, External > Econometric models
Economic assistance > Econometric models
Developing countries
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Contents
  • I. INTRODUCTION
  • II. THE MODEL
  • III. CONCLUSION
  • REFERENCES

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