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01631cas a2200241 a 4500 |
| 001 |
AALejournalIMF010128 |
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230101c9999 xx r poo 0 0eng d |
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|c 5.00 USD
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| 020 |
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|z 9781451923216
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| 022 |
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|a 1018-5941
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| 040 |
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
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|a Foreign Borrowing and Export Promotion Policies.
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| 264 |
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1989.
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| 300 |
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|a 1 online resource (46 pages)
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| 490 |
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|a IMF Working Papers
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| 500 |
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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| 500 |
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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 considers the problem of allocation of investment for a debtor country that faces a ceiling on the amount of foreign debt it can accumulate. It shows that it is optimal for the debtor country to create a more open economy by favoring investment in the export sector over investment in the import-competing sector. The reason is that a more open economy is more sensitive to trade sanctions and therefore more creditworthy in international markets. Because international creditworthiness is basically an externality, there is a role for policy to provide higher returns to export producing activities.
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| 538 |
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|a Mode of access: Internet
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| 830 |
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|a IMF Working Papers; Working Paper ;
|v No. 1989/016
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1989/016/001.1989.issue-016-en.xml
|z IMF e-Library
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