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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...

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Bibliographic Details
Main Author: Rübel, Gerhard
Format: eBook
Language:English
Published: Berlin, Heidelberg Springer Berlin Heidelberg 1988, 1988
Edition:1st ed. 1988
Series:Studies in Contemporary Economics
Subjects:
International Economics
International Economic Relations
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

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