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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Détails bibliographiques
Cote:Libro Electrónico
Auteurs principaux: Khamfula, Yohane Anthony, 1967- (Auteur), Mlachila, Montfort (Auteur), Chirwa, Ephraim W. (Auteur)
Collectivité auteur: International Monetary Fund. Western Hemisphere Department
Format: Électronique eBook
Langue:Inglés
Publié: [Washington, D.C.] : International Monetary Fund, Western Hemisphere Dept., 2006.
Collection:IMF working paper ; WP/06/109.
Sujets:
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
Accès en ligne:Texto completo
Table des matières:
  • Contents
  • I. INTRODUCTION
  • II. THE MODEL
  • III. CONCLUSION
  • REFERENCES

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