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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| Andre forfattere: | , |
| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
2006.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2006/109 |
| Online adgang: | Full text available on IMF |