Donor Herding and Domestic Debt Crisis / / Ephraim Chirwa, Montfort Mlachila, Yohane Anthony Khamfula
(Visualizza in formato marc)
(Visualizza in BIBFRAME)
| Autore: |
Chirwa Ephraim
|
| Titolo: |
Donor Herding and Domestic Debt Crisis / / Ephraim Chirwa, Montfort Mlachila, Yohane Anthony Khamfula
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2006 |
| Descrizione fisica: | 1 online resource (10 p.) |
| Soggetto topico: | Debts, External - Developing countries - Econometric models |
| Economic assistance - Developing countries - Econometric models | |
| Banks and Banking | |
| Exports and Imports | |
| Financial Risk Management | |
| Public Finance | |
| Industries: Financial Services | |
| Debt | |
| Debt Management | |
| Sovereign Debt | |
| Banks | |
| Depository Institutions | |
| Micro Finance Institutions | |
| Mortgages | |
| Financial Crises | |
| International Lending and Debt Problems | |
| Interest Rates: Determination, Term Structure, and Effects | |
| Public finance & taxation | |
| Finance | |
| Economic & financial crises & disasters | |
| International economics | |
| Domestic debt | |
| Loans | |
| Financial crises | |
| Debt default | |
| Real interest rates | |
| Debts, Public | |
| Debts, External | |
| Interest rates | |
| Altri autori: |
MlachilaMontfort
KhamfulaYohane Anthony
|
| Note generali: | "April 2006." |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | ""Contents""; ""I. INTRODUCTION""; ""II. THE MODEL""; ""III. CONCLUSION""; ""REFERENCES"" |
| Sommario/riassunto: | This 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. |
| Titolo autorizzato: | Donor Herding and Domestic Debt Crisis |
| ISBN: | 1-4623-0945-3 |
| 1-4527-4611-7 | |
| 1-283-51741-8 | |
| 1-4519-0903-9 | |
| 9786613829863 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910788402803321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2006/109