Reconsidering External Financing of Domestic Budget Deficits : Debunking Some Received Wisdom /

The past decade has witnessed a steady increase in outstanding external sovereign debt issued by emerging market economies. This paper examines some of the 'received wisdom' regarding the benefits of external financing of domestic budget deficits and argues that it is often predicated on a...

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Autor principal: Woo, David
Altres autors: Gray, Simon
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2000.
Col·lecció:IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2000/008
Accés en línia:Full text available on IMF