Debt-Equity Composition of International Investment

Nopic
Capital flows to the nonindustrial countries share three striking characteristics. First, the bulk, of these flows was in the form of debt, not equity; second, the loans were mostly to, or guaranteed by, debtor governments; and third, these debts were largely bank loans, not bonds. This paper examines the economic factors that may have been... READ MORE...

Publication date: January 1988
ISBN 9781451927511
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