External Debt and Economic Reform : Does a Pain Reliever Delay the Necessary Treatment? /

Recent literature argues that conflict in shifting adjustment costs between different socioeconomic groups delays necessary reforms and finds that such reforms often follow economic crises. This paper expands these models by including external borrowing by the private sector and shows that this may...

Mô tả đầy đủ

Chi tiết về thư mục
Tác giả chính: Vamvakidis, Athanasios
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2007.
Loạt:IMF Working Papers; Working Paper ; No. 2007/050
Truy cập trực tuyến:Full text available on IMF