Read Donor Herding and Domestic Debt Crisis

Donor Herding and Domestic Debt Crisis

Ephraim W.W. Chirwa

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Description:This paper presents a new model based on the loan-pushing model by Basu (1991) to show how a domestic debt crisis can occur in a low-income country following donor herding. The model focuses on the rational herding behavior of donors due to payoff and information externalities. Although there are many theoretical models on herding behavior, these models have not formally considered the relationship between donor herding and domestic debt crisis in a low-income country. This paper is an attempt to fill this gap. The paper shows that due to donor herding behavior a domestic debt crisis can occur once the actual debt level is above the desirable one.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Donor Herding and Domestic Debt Crisis. To get started finding Donor Herding and Domestic Debt Crisis, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 10

Format: PDF, EPUB & Kindle Edition

Publisher: Not Avail

Release: 2006

ISBN: 6613829862

Description: This paper presents a new model based on the loan-pushing model by Basu (1991) to show how a domestic debt crisis can occur in a low-income country following donor herding. The model focuses on the rational herding behavior of donors due to payoff and information externalities. Although there are many theoretical models on herding behavior, these models have not formally considered the relationship between donor herding and domestic debt crisis in a low-income country. This paper is an attempt to fill this gap. The paper shows that due to donor herding behavior a domestic debt crisis can occur once the actual debt level is above the desirable one.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Donor Herding and Domestic Debt Crisis. To get started finding Donor Herding and Domestic Debt Crisis, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Donor Herding and Domestic Debt Crisis

Donor Herding and Domestic Debt Crisis

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