Growth, External Debt and Sovereign Risk in a Small Open Economy.
This paper constructs and analyzes an optimizing model of a highly-indebted small open economy. An important innovation in the model is the incorporation of sovereign risk through the specification of an upward-sloping foreign debt supply function. The model is used to examine the interaction betwee...
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| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1989.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 1989/054 |
| 在線閱讀: | Full text available on IMF |