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In this paper we stress the limits of the current debt sustainability framework used in the IMF-WB HIPC Initiative and … the necessity to include domestic public debt into the analysis. The standard sustainability analysis does not take into … undermine the overall sustainability and the success of debt relief programs. This work focuses on the evaluation of public debt …
Persistent link: https://www.econbiz.de/10005836833
Official flows account for close to half of capital flows to developing countries, and close to 90 per cent of receipts for Sub-Saharan Africa. This paper documents trends in these official flows over the last three decades. The most striking trend has been declining aid volume. Following two...
Persistent link: https://www.econbiz.de/10005621484
This paper provides an exhaustive assessment of feasible horizons for policy harmonization against African capital flight. The empirical evidence is based on a methodological innovation on common policy initiatives and the results are premised on 15 fundamental characteristics of African capital...
Persistent link: https://www.econbiz.de/10011112464
With earthshaking and heartbreaking trends in African capital flight provided by a new database, this paper complements existing literature by answering some key policy questions on the feasibility of and timeframe for policy harmonization in the battle against the economic scourge. The goal of...
Persistent link: https://www.econbiz.de/10011114346
Udenlandsk låntagning er en integreret del af udvikJingsprocessen, og der var indtil i al fald begyndelsen af 1980erne udbredt enighed om det nyuige I at overføre udenlandske opsparingsoverskud til u-Iandene. Sådanne overførsler giver for det første mulighed for at øge investeringerne og...
Persistent link: https://www.econbiz.de/10011274389
) voluntary transfers of resources; 2) the debt crisis; 3) the securing of markets for developing countries' exports. …
Persistent link: https://www.econbiz.de/10005622030
West would go into debt, allowing developing countries to have trade surpluses that would help them develop faster … using these surpluses to buy assets in developing countries, while “the rest” were going into debt. Now it is time for “the … rest” to accumulate assets and for the West to go into debt. …
Persistent link: https://www.econbiz.de/10008805852
measures were taken that damaged the interests of investors; the debt relief that was demanded bore little relation to the …
Persistent link: https://www.econbiz.de/10011110096
treaties serve, in debt accumulation in low and middle income countries. The paper empirically finds that signed bilateral … investment treaties with OECD countries have a positive influence on total and guaranteed debt accumulation, under system GMM and … to international lending. …
Persistent link: https://www.econbiz.de/10011111183
the country’s creditworthiness. Therefore, a default and debt restructuring were inevitable sooner or later—and certainly … budget deficit and public debt figures. The prosaic tale of the supposed inevitability of the Greek tragedy has been endorsed … about 50 percent of the time. Does that tell you something?” In reality, Greece’s road to default and debt restructuring in …
Persistent link: https://www.econbiz.de/10011258123