This paper assesses the empirical relevance of various conjectures about what determined whether creditors would issue loans to developing countries in the 1980s. With the onset of the debt crisis, private creditors began to honour debtors who improved economic performance and policies. Private creditors were not prepared to compensate for unfavourable developments in the world market with additional lending. Small borrowers who did not benefit from...
انظر المزيد
تفاصيل
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1989/6/30
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ورقة عمل خاصة ببحوث السياسات
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WPS193
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1
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1
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2010/7/01
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Voluntary and involuntary lending : a test of major hypotheses
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private creditor
تنزيل الملفات
تقرير كامل
نسخة رسمية من الوثيقة (قد تضم توقيعات، الخ)
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