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For a Few Dollars More : Reserves and Growth in Times of Crises
Bussière, Matthieu - 2014
Based on a dataset of 112 emerging economies and developing countries, this paper addresses two key questions regarding the accumulation of international reserves: first, has the accumulation of reserves effectively protected countries during the 2008-09 financial crisis? And second, what...
Persistent link: https://www.econbiz.de/10013061062
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Bridging Education Gender Gaps in Developing Countries : The Role of Female Teachers
Muralidharan, Karthik - 2013
Recruiting female teachers is frequently suggested as a policy option for improving girls' education outcomes in developing countries, but there is surprisingly little evidence on the effectiveness of such a policy. We study gender gaps in learning outcomes, and the effectiveness of female...
Persistent link: https://www.econbiz.de/10013076857
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What is Different About Urbanization in Rich and Poor Countries? Cities in Brazil, China, India and the United States
Chauvin, Juan Pablo - 2016
American metropolitan areas with comparable geographic units in Brazil, China and India. Both Gibrat's Law and Zipf's Law seem … to hold as well in Brazil as in the U.S., but China and India look quite different. In Brazil and China, the implications … of the spatial equilibrium hypothesis, the central organizing idea of urban economics, are not rejected. The India data …
Persistent link: https://www.econbiz.de/10012998418
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Recent Private Capital Inflows to Developing Countries : Is the Debt Crisis History?
Dooley, Michael P. - 2010
This empirical study finds that while debt reduction and policy reforms in debtor countries have been important determinants of renewed access to international capital markets, changes in international interest rates have been the dominant factor. We calculate the effects of changes in...
Persistent link: https://www.econbiz.de/10013139243
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The Stock of External Sovereign Debt : Can We Take the Data at 'Face Value'?
Dias, Daniel A. - 2011
The stock of sovereign debt is typically measured at face value. This is a misleading indicator when debts are issued with different contractual forms. In this paper we construct a new measure of the stock of external sovereign debt for 100 developing countries from 1979 to 2006 that is...
Persistent link: https://www.econbiz.de/10013119038
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Endogenous Creditor Seniority and External Debt Values
Dooley, Michael P. - 2011
A new aggregation scheme used to measure the sources of fiscal financing of indebted countries suggests that there was a fundamental improvement in the seniority of domestic debt at the expense of foreign bank debt during the late 1980s. We argue that this was the revenue maximizing response of...
Persistent link: https://www.econbiz.de/10013124510
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Growth in the Shadow of Expropriation
Aguiar, Mark - 2010
In this paper, we propose a tractable variant of the open economy neoclassical growth model that emphasizes political economy and contracting frictions. The political economy frictions involve disagreement and political turnover, while the contracting friction is a lack of commitment regarding...
Persistent link: https://www.econbiz.de/10013151812
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Ldc Debt in the 1980s : Risk and Reforms
Sachs, Jeffrey D. - 2008
With the rapid increase in LDC indebtedness in the recent decade, the issues of creditworthiness and country risk have gained new importance. This paper offers a theoretical and historical analysis of international capital markets in the presence of default risk. The theoretical model suggests...
Persistent link: https://www.econbiz.de/10012774606
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Financing vs. Forgiving a Debt Overhang
Krugman, Paul R. - 2007
This paper examines the tradeoffs facing creditors of a country whose debt is large enough that the country cannot attract voluntary new lending. If the country is unable to meet its debt service requirements out of current income, the creditors have two choices. They can finance the country,...
Persistent link: https://www.econbiz.de/10012777220
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Debt Relief
Arslanalp, Serkan - 2006
The G-8 Multilateral Debt Relief Initiative (MDRI) is the next step of the Highly Indebted Poor Countries Initiative (HIPC). There are two reasons why MDRI is unlikely to help poor countries. First, the amount of money at stake is trivial. The roughly $2 billion of annual debt payments to be...
Persistent link: https://www.econbiz.de/10012780225