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01806cas a2200277 a 4500 |
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AALejournalIMF009987 |
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230101c9999 xx r poo 0 0eng d |
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|c 5.00 USD
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|z 9781451951820
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
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|a Trade Dependency, Bargaining and External Debt.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1988.
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|a 1 online resource (28 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper analyzes the factors determining the payment on outstanding debt in the presence of partial defaults, and the feasibility of renewed investment. We show that a higher relative size of sectors with lower substitutability between domestic and foreign products will increase the resource transfer ceiling. Even with a partial default, investment in highly trade dependent sectors with high productivity may be warranted. This investment can be implemented by a marginal relief of the present debt service, in exchange for investment in the proper sector. A way to partially overcome some of the monitoring problems associated with renewed investment is through direct investment.
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|a Mode of access: Internet
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| 650 |
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|a External Finance
|2 imf
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|a Trade Dependency
|2 imf
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|a WP
|2 imf
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| 830 |
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|a IMF Working Papers; Working Paper ;
|v No. 1988/090
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1988/090/001.1988.issue-090-en.xml
|z IMF e-Library
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