Foreign Borrowing and Export Promotion Policies.
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...
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| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
1989.
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| Reeks: | IMF Working Papers; Working Paper ;
No. 1989/016 |
| Online toegang: | Full text available on IMF |