Debt and Conditionality under Endogenous Terms of Trade Adjustment.

The purpose of this study is to identify conditions under which renewed international lending will benefit both the developed and the developing countries. Our analysis will evaluate how the presence of terms of trade adjustment and distorted credit markets affect the conditions for the existence of...

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Korporativní autor: International Monetary Fund
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 1988.
Edice:IMF Working Papers; Working Paper ; No. 1988/038
On-line přístup:Full text available on IMF
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245 1 0 |a Debt and Conditionality under Endogenous Terms of Trade Adjustment. 
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300 |a 1 online resource (42 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The purpose of this study is to identify conditions under which renewed international lending will benefit both the developed and the developing countries. Our analysis will evaluate how the presence of terms of trade adjustment and distorted credit markets affect the conditions for the existence of beneficial lending. We demonstrate that in the presence of endogenous terms of trade adjustment, there are cases in which a competitive international banking system may not revitalize lending for investment purposes, even if such renewed lending is socially desirable. Renewed lending may require the appropriate conditionality, and the presence of endogenous terms of trade adjustment puts greater weight on investment conditionality. 
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830 0 |a IMF Working Papers; Working Paper ;  |v No. 1988/038 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1988/038/001.1988.issue-038-en.xml  |z IMF e-Library