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Fiscal policy is procyclical in developing countries. An ample literature has explained this fact and explored its consequences for aggregate cyclical fluctuations. Multilateral Development Banks (MDBs) are an important source of finance for governments and therefore play a role in the execution...
Persistent link: https://www.econbiz.de/10011959415
regions. Private sector lending is instead procyclical in all developing regions. While the cyclicality of official lending …
Persistent link: https://www.econbiz.de/10011715722
regions. Private sector lending is instead procyclical in all developing regions. While the cyclicality of official lending …
Persistent link: https://www.econbiz.de/10011784486
Persistent link: https://www.econbiz.de/10011981971
Persistent link: https://www.econbiz.de/10011735023
According to the IMF, the current public debt makes up nearly 40 percent of the global debt, marking the highest share since the mid-1960s. Despite the vast research on alarming levels of sovereign default, the literature remains inconclusive. This paper investigates macroeconomic, financial,...
Persistent link: https://www.econbiz.de/10014636157
Fiscal policy and net capital inflows in developing countries are procyclical. A large amount of literature has examined this phenomenon and explored its consequences for aggregate fluctuations. Multilateral development banks (MDBs) are an important source of external finance for governments and...
Persistent link: https://www.econbiz.de/10012238386
Persistent link: https://www.econbiz.de/10012792953
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