LDC savings rates and debt crises
dc.contributor.author | Kharas, Homi J. | en_US |
dc.contributor.author | Levinsohn, James A. | en_US |
dc.date.accessioned | 2006-04-07T20:17:18Z | |
dc.date.available | 2006-04-07T20:17:18Z | |
dc.date.issued | 1988-07 | en_US |
dc.identifier.citation | Kharas, Homi J., Levinsohn, Jim (1988/07)."LDC savings rates and debt crises." World Development 16(7): 779-786. <http://hdl.handle.net/2027.42/27256> | en_US |
dc.identifier.uri | http://www.sciencedirect.com/science/article/B6VC6-458XGBR-1J/2/07a4d00999f598176ad52d9e1790e7c8 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/27256 | |
dc.description.abstract | Conventional wisdom holds that LDC debt problems reflect, in part, the switch of foreign financing towards commercial loans. With no adequate supervision over the use of these funds, international finance may not have improved the capacity to repay external debt. This paper tests two aspects of this proposition. First, have commercial loans been directed more towards consumption and less to investment than official loans? We find no evidence to suggest this has been true. Second, does an increase in the marginal propensity to invest out of foreign loans improve creditworthiness? Again, we find no supporting evidence. We do find, however, that raising the marginal rate of domestic saving out of income does improve creditworthiness. This provides justification for policy conditionality associated with foreign borrowing that goes beyond concern with the uses of individual loans. | en_US |
dc.format.extent | 731612 bytes | |
dc.format.extent | 3118 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.language.iso | en_US | |
dc.publisher | Elsevier | en_US |
dc.title | LDC savings rates and debt crises | en_US |
dc.type | Article | en_US |
dc.rights.robots | IndexNoFollow | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | University of Michigan, Ann Arbor, USA | en_US |
dc.contributor.affiliationother | World Bank, Washington, DC, USA | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/27256/1/0000265.pdf | en_US |
dc.identifier.doi | http://dx.doi.org/10.1016/0305-750X(88)90011-3 | en_US |
dc.identifier.source | World Development | en_US |
dc.owningcollname | Interdisciplinary and Peer-Reviewed |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.