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...

Полное описание

Библиографические подробности
Главный автор: Bruckner, Markus
Другие авторы: Arezki, Rabah
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2010.
Серии:IMF Working Papers; Working Paper ; No. 2010/053
Online-ссылка:Full text available on IMF