Factors Determining External Debt An Intertemporal Study
Against the background of the international debt problem which originated with the oil shocks of the seventies, this book undertakes a theoretical analysis of the factors determining aggregate external debt, using the example of a raw material importing country. Instead of the usual static definitio...
Main Author: | |
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Format: | eBook |
Language: | English |
Published: |
Berlin, Heidelberg
Springer Berlin Heidelberg
1988, 1988
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Edition: | 1st ed. 1988 |
Series: | Studies in Contemporary Economics
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Subjects: | |
Online Access: | |
Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- 1. Introduction
- 2. External Debt and The Balance On Current Account
- 2.1. The External Debt Position of a Single Country
- 2.2. A More Expensive Imported Raw Material and the Current Account Balance
- 2.3. The Current Account Balance as the Difference Between Aggregate Saving and Aggregate Net Investment
- 3. The Determinats of External Debt - The Basic Model of a Small Open Economy
- 3.1. The Structure of the Model
- 3.2. Determineants of the Present Value of Real Disposable Wealth
- 3.3. Factors Determining External Debt
- Erroneous Expectations
- Summary of the Result of the Basic Model
- 4. Non-Traded Goods and the Balance on Current Account
- 4.1. The Structure of the Model
- 4.2. Determinants of the External Debt
- 4.3. Direct and Indirect Effects of a Change in the Raw Material Price on the Current Account Balance
- 4.4. Government Activity and the Balance on Current Account
- 4.5. Labor Mobility in Period 2
- 4.6. Summary of the Results
- 5. External Debt in General Equilibrium Models
- 5.1. A Raw Material Exporting Country and a Raw Material Importing Country
- 5.2. Three Country Relationships
- 5.2.3. Factors Determining the Balance on Current Account in the Raw Material Importing Countries
- 5.2.4. Factors that Influence World Goods Markets
- 5.2.5. Direct and Indirect Factors that Determine External Debt
- 5.2.6. Government Activity and the International Structure of External Debt
- 5.3. Summary of the Results
- 6. An Extended Planning Horizon
- 6.1. The Structure of the Three Period Model
- 6.2. Change in Raw Materials Prices and Real Interest Rates within an Extended Planning Horizon
- 6.3. Expected and Unexpected Rises in Raw Material Prices
- 6.4. Inflexibilty Real Wages, Welfare and Tariffs on Imports
- 6.5. Summary of the Results
- 7. Conclusion
- Appendices
- Appendix to Chapter 3
- Appendix to Chapter 5
- Appendix to Chapter 6