Reconsidering External Financing of Domestic Budget Deficits : Debunking Some Received Wisdom

Debunking Some Received Wisdom

Reconsidering External Financing of Domestic Budget Deficits : Debunking Some Received Wisdom
The past decade has witnessed a steady increase in outstanding external sovereign debt issued by emerging market economies. This paper examines some of the "received wisdom" regarding the benefits of external financing of domestic budget deficits and argues that it is often predicated on a narrow set of assumptions and incomplete evaluation of... READ MORE...

Publication date: July 2000
ISBN 9781451970951
$10.00

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