International Commodity Price Shocks, Democracy, and External Debt /

We examine the effects that international commodity price shocks have on external debt using panel data for a world sample of 93 countries spanning the period 1970-2007. Our main finding is that positive commodity price shocks lead to a significant reduction in the level of external debt in democrac...

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Bibliografiske detaljer
Hovedforfatter: Bruckner, Markus
Andre forfattere: Arezki, Rabah
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2010.
Serier:IMF Working Papers; Working Paper ; No. 2010/053
Online adgang:Full text available on IMF