The transfer problem in small open economies : exchange rate and fiscal policies for debt service / Dani Rodrik.
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- 336.3435
Tipo de ítem | Biblioteca actual | Signatura topográfica | URL | Estado | Fecha de vencimiento | Código de barras | |
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Biblioteca Manuel Belgrano | F 336.3435 R 17206 (Navegar estantería(Abre debajo)) | Enlace al recurso | Disponible | 17206 F |
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F 336.3435 R 15089 F The role of the Paris Club in managing debt problems | F 336.3435 R 16246 F Public debt, external competitiveness and fiscal discipline in developing countries | F 336.3435 R 16280 F Latin American debt and adjustment | F 336.3435 R 17206 The transfer problem in small open economies : exchange rate and fiscal policies for debt service / | F 336.3435 R 20779 Bankruptcy procedures for sovereign : | F 336.3435 R 20792 Early ideas on sovereign bankruptcy reorganization : | F 336.3435 S 15919 F New approaches to the Latin American debt crisis |
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Since the onset of the debt crisis in 1982, the requirement of prompt debt service has overwhelmed many other traditional objectives of government policy in highly-indebted countries. The virtual halt in commercial bank lending has reversed the sign of net resource inflows to these countries, necessitating the transfer abroad of several percentage points of GDP annually. A reverse transfer of such magnitude has required a retrenchment in domestic expenditures and sharp changes in relative prices, which have proved particularly costly in terms of capital formation and (it would appear) income distribution.
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