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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...
| Call Number: | Libro Electrónico |
|---|---|
| Main Authors: | , , |
| Corporate Author: | |
| Format: | Electronic eBook |
| Language: | Inglés |
| Published: |
[Washington, D.C.] :
International Monetary Fund, Western Hemisphere Dept.,
2006.
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| Series: | IMF working paper ;
WP/06/109. |
| Subjects: | |
| Online Access: | Texto completo |