Verfügbarkeit: Optimal Borrowing Policies for Developing Countries

Optimal Borrowing Policies for Developing Countries: The Cases of Korea, the Philippines, and Thailand

This paper develops a theoretical framework for analyzing external debt policies of developing countries and applies it to assess the cases of three Asian countries, namely Korea, the Philippines, and Thailand. The "optimal debt policy" for a developing country is characterized in the firs...

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Körperschaft:	International Monetary Fund (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1987
Schriftenreihe:	IMF Working Papers Working Paper No. 87/41
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	This paper develops a theoretical framework for analyzing external debt policies of developing countries and applies it to assess the cases of three Asian countries, namely Korea, the Philippines, and Thailand. The "optimal debt policy" for a developing country is characterized in the first part of the paper. In the second, the experiences of these three countries during the period 1965-83 are compared with this theoretical benchmark. The empirical results show that, during this period, Korea was quite successful in managing its external debt, while the Philippines was less successful. The case of Thailand, in many respects, fell in between the other two, although closer to that of Korea
Beschreibung:	1 Online-Ressource (44 p)
ISBN:	1451976151 9781451976151

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spelling	International Monetary Fund Verfasser aut Optimal Borrowing Policies for Developing Countries The Cases of Korea, the Philippines, and Thailand Washington, D.C International Monetary Fund 1987 1 Online-Ressource (44 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 87/41 This paper develops a theoretical framework for analyzing external debt policies of developing countries and applies it to assess the cases of three Asian countries, namely Korea, the Philippines, and Thailand. The "optimal debt policy" for a developing country is characterized in the first part of the paper. In the second, the experiences of these three countries during the period 1965-83 are compared with this theoretical benchmark. The empirical results show that, during this period, Korea was quite successful in managing its external debt, while the Philippines was less successful. The case of Thailand, in many respects, fell in between the other two, although closer to that of Korea Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/14161-9781451976151/14161-9781451976151/14161-9781451976151.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Optimal Borrowing Policies for Developing Countries The Cases of Korea, the Philippines, and Thailand
title	Optimal Borrowing Policies for Developing Countries The Cases of Korea, the Philippines, and Thailand
title_auth	Optimal Borrowing Policies for Developing Countries The Cases of Korea, the Philippines, and Thailand
title_exact_search	Optimal Borrowing Policies for Developing Countries The Cases of Korea, the Philippines, and Thailand
title_exact_search_txtP	Optimal Borrowing Policies for Developing Countries The Cases of Korea, the Philippines, and Thailand
title_full	Optimal Borrowing Policies for Developing Countries The Cases of Korea, the Philippines, and Thailand
title_fullStr	Optimal Borrowing Policies for Developing Countries The Cases of Korea, the Philippines, and Thailand
title_full_unstemmed	Optimal Borrowing Policies for Developing Countries The Cases of Korea, the Philippines, and Thailand
title_short	Optimal Borrowing Policies for Developing Countries
title_sort	optimal borrowing policies for developing countries the cases of korea the philippines and thailand
title_sub	The Cases of Korea, the Philippines, and Thailand
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