External Debt Histories of Ten Low-Income Developing Countries : Lessons from Their Experience /

The external debt burden of many low-income developing countries has increased significantly since the 1970s. Developments in a sample of ten countries show that the main factors behind the buildup of debt were (1) exogenous (adverse terms of trade shocks or weather), (2) a lack of sustained macroec...

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Bibliographic Details
Main Author: Ross, Kevin
Other Authors: Brooks, R., Metzgen Quemarez, Ydahlia, Powell, Robert
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:IMF Working Papers; Working Paper ; No. 1998/072
Online Access:Full text available on IMF