The financial needs of corporations are generally met by borrowing in financial markets and equity participation of investors. In a similar way countries are able to obtain necessary external financing through international loans or by attracting foreign direct investment. In the case of...

The persistent debt crisis of mayor LDC-borrowers has led to various proposals on how to ease or even solve these problems. Most suggestions have in common that they concentrate on restructuring the old loans and suggest approaches to higher future lending . These proposals are based on the...

The persistence of the.international debt crisis has given rise to considerations that foreign direct investment (FDD should play a larger role in the financing of less developed countries (LDCs) in the future. FDIs may provide external financing for developing countries even in times when new...

The regional allocation of aid within recipient countries has been largely ignored in the aid allocation literature. We use geocoded data on the location of aid projects financed by the World Bank and the African Development Bank within a sample of 27 recipient countries to assess the claim of...

We investigate the importance of geo-strategic and commercial motives for the allocation of German aid to 138 countries over the 1973-2010 period. We find that geo-strategic and - less robustly - commercial motives matter. When we relate geo-strategic and commercial motives to the political...

Development assistance has been criticized for a lack of coordination between aid donors. This paper argues that competition for export markets and political support prevents donor countries from closer coordination of aid activities. To test these hypotheses, we perform logit and fractional...

The currency crisis in Brazil and its adverse effects on neighboring countries are widely perceived to be short-lived phenomena. However, optimists—stressing favorable growth and investment prospects in Latin America—tend to ignore home-made causes of Brazil's crisis and -underrate the risks...

Die vom amerikanischen Finanzminister Baker vorgeschlagene Strategie zur Lösung der Verschuldungsprobleme vieler Entwicklungsländer wird durchweg als richtungweisend gelobt. In einer konzertierten Aktion sollen: — die wichtigsten Problemschuldnerländer sich verpflichten,...