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010   $a1-4519-0903-9
010   $a9786613829863
035   $a(CKB)3360000000443912
035   $a(EBL)3014312
035   $a(SSID)ssj0000940138
035   $a(PQKBManifestationID)11519264
035   $a(PQKBTitleCode)TC0000940138
035   $a(PQKBWorkID)10948645
035   $a(PQKB)10761389
035   $a(OCoLC)712989240
035   $a(MiAaPQ)EBC3014312
035   $a(IMF)WPIEE2006109
035   $a(EXLCZ)993360000000443912
100   $a20020129d2006      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aDonor Herding and Domestic Debt Crisis /$fEphraim Chirwa, Montfort Mlachila, Yohane Anthony Khamfula
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (10 p.)
225 1 $aIMF Working Papers
300   $a"April 2006."
311   $a1-4518-6369-1 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. THE MODEL""; ""III. CONCLUSION""; ""REFERENCES""
330 3 $aThis paper presents a new model based on the loan-pushing model by Basu (1991) to show how a domestic debt crisis can occur in a low-income country following donor herding. The model focuses on the rational herding behavior of donors due to payoff and information externalities. Although there are many theoretical models on herding behavior, these models have not formally considered the relationship between donor herding and domestic debt crisis in a low-income country. This paper is an attempt to fill this gap. The paper shows that due to donor herding behavior a domestic debt crisis can occur once the actual debt level is above the desirable one.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/109
606   $aDebts, External$zDeveloping countries$xEconometric models
606   $aEconomic assistance$zDeveloping countries$xEconometric models
606   $aBanks and Banking$2imf
606   $aExports and Imports$2imf
606   $aFinancial Risk Management$2imf
606   $aPublic Finance$2imf
606   $aIndustries: Financial Services$2imf
606   $aDebt$2imf
606   $aDebt Management$2imf
606   $aSovereign Debt$2imf
606   $aBanks$2imf
606   $aDepository Institutions$2imf
606   $aMicro Finance Institutions$2imf
606   $aMortgages$2imf
606   $aFinancial Crises$2imf
606   $aInternational Lending and Debt Problems$2imf
606   $aInterest Rates: Determination, Term Structure, and Effects$2imf
606   $aPublic finance & taxation$2imf
606   $aFinance$2imf
606   $aEconomic & financial crises & disasters$2imf
606   $aInternational economics$2imf
606   $aDomestic debt$2imf
606   $aLoans$2imf
606   $aFinancial crises$2imf
606   $aDebt default$2imf
606   $aReal interest rates$2imf
606   $aDebts, Public$2imf
606   $aDebts, External$2imf
606   $aInterest rates$2imf
615  0$aDebts, External$xEconometric models.
615  0$aEconomic assistance$xEconometric models.
615  7$aBanks and Banking
615  7$aExports and Imports
615  7$aFinancial Risk Management
615  7$aPublic Finance
615  7$aIndustries: Financial Services
615  7$aDebt
615  7$aDebt Management
615  7$aSovereign Debt
615  7$aBanks
615  7$aDepository Institutions
615  7$aMicro Finance Institutions
615  7$aMortgages
615  7$aFinancial Crises
615  7$aInternational Lending and Debt Problems
615  7$aInterest Rates: Determination, Term Structure, and Effects
615  7$aPublic finance & taxation
615  7$aFinance
615  7$aEconomic & financial crises & disasters
615  7$aInternational economics
615  7$aDomestic debt
615  7$aLoans
615  7$aFinancial crises
615  7$aDebt default
615  7$aReal interest rates
615  7$aDebts, Public
615  7$aDebts, External
615  7$aInterest rates
700   $aChirwa$b Ephraim$0802166
701   $aMlachila$b Montfort$01493464
701   $aKhamfula$b Yohane Anthony$01574008
712 02$aInternational Monetary Fund.$bWestern Hemisphere Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788402803321
996   $aDonor Herding and Domestic Debt Crisis$93849999
997   $aUNINA