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Debt Overhang Model for Low-Income Countries : Implications for Debt Relief

Koeda, Junko - 2006

Persistent link: https://www.econbiz.de/10012691033

Does Openness to International Financial Flows Raise Productivity Growth?

Prasad, Eswar - 2008

This paper provides a comprehensive analysis of the relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a large sample of countries. We find that de jure capital...

Persistent link: https://www.econbiz.de/10012677369

Economic Growth After Debt Surges

Jalles, João Tovar - 2022

Debt levels, both private and public, were already at record highs before the Covid-19 pandemic, and surged further in 2020. The high indebteness raises concerns whether it will undermine future growth prospects. This paper contributes to the ongoing debate by examining what happens to economic...

Persistent link: https://www.econbiz.de/10015060215

Did the U.S. Really Grow Out of Its World War II Debt?

Acalin, Julien - 2024

The fall in the U.S. public debt/GDP ratio from 106% in 1946 to 23% in 1974 is often attributed to high rates of economic growth. This paper examines the roles of three other factors: primary budget surpluses, surprise inflation, and pegged interest rates before the Fed-Treasury Accord of 1951....

Persistent link: https://www.econbiz.de/10015058792

The Impact of Research and Development Tax Incentives on Colombia's Manufacturing Sector

Mercer-Blackman, Valerie - 2008

-2002 Survey of Manufacturers database in Colombia to analyze this question. We estimate the effect of the R&D tax deduction … instituted in Colombia using Zellner's Seemingly Unrelated Regressions method, and find that the elasticity of demand of R …&D investment in manufacturing is quite high in Colombia compared to other countries, particularly for smalle …

Persistent link: https://www.econbiz.de/10012677634

Are Capital Controls Effective in the 21st Century? The Recent Experience of Colombia

Clements, Benedict J. - 2009

This paper assesses the effects of capital controls imposed in Colombia in 2007 on capital flows and exchange rate … the appreciation of Colombia's currency, or increased the degree of independence of monetary policy. We also find that …

Persistent link: https://www.econbiz.de/10012677725

Social Security Reforms in Colombia

Clavijo, Sergio - 2009

of public health care in Colombia during 1993-2008. Parametric pension reforms have focused on increasing the retirement … security system in Colombia is roughly 160 percent of GDP for pensions and about 97 percent of GDP for the health system …

Persistent link: https://www.econbiz.de/10012677742

International capital flows and debt dynamics

Evans, Martin D. D. - 2012

This paper presents a new model for studying international capital flows and debt dynamics that emphasizes the role played by expectations concerning future trade flows and returns. I use the model to estimate the drivers of the U.S. external position and capital flows between 1973 and 2008. The...

Persistent link: https://www.econbiz.de/10009621004

Toward a Lender of First Resort.

Cohen, Daniel - 2006

Intro -- Contents -- I. INTRODUCTION -- II. THE FINANCIAL CRISES OF THE 1990S WERE DIFFERENT FROM THOSE OF THE 1980S -- III. DEBT CRISES OF THE 1990S: A TAXONOMY -- IV. CONFIDENCE CRISIS AND CRISIS OF THE FUNDAMENTALS: A THEORETICAL BENCHMARK -- V. OUR POLICY IMPLICATIONS: COLLECTIVE ACTION...

Persistent link: https://www.econbiz.de/10012691032

External Debt Sustainability in HIPC Completion Point Countries

Yang, Jie - 2009

Despite substantial debt relief to HIPC Initiative completion point countries, long-term debt sustainability remains a challenge. This paper examines a number of structural factors affecting external debt sustainability. It shows that in HIPC completion point countries (i) the export base...

Persistent link: https://www.econbiz.de/10012677794

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