External Finance and Foreign Debt in Central and Eastern European Countries:
External finance can provide a positive contribution to the transition process and can enhance welfare in former centrally planned economies, especially when domestic saving has not fully recovered after the initial contraction. However, as was pointed out at the beginning of the transition process,...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
1997
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 97/134 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | External finance can provide a positive contribution to the transition process and can enhance welfare in former centrally planned economies, especially when domestic saving has not fully recovered after the initial contraction. However, as was pointed out at the beginning of the transition process, foreign debt could exert a strong constraint on the borrowing capacity of some central and eastern European countries. This paper analyzes the determinants of net external borrowing in ten transition economies during 1990-95 and assesses the impact of the outstanding stock of foreign liabilities on net financial inflows |
| Beschreibung: | 1 Online-Ressource (28 p) |
| ISBN: | 1451855567 9781451855562 |
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| spelling | Manzocchi, Stefano Verfasser aut External Finance and Foreign Debt in Central and Eastern European Countries Manzocchi, Stefano Washington, D.C International Monetary Fund 1997 1 Online-Ressource (28 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 97/134 External finance can provide a positive contribution to the transition process and can enhance welfare in former centrally planned economies, especially when domestic saving has not fully recovered after the initial contraction. However, as was pointed out at the beginning of the transition process, foreign debt could exert a strong constraint on the borrowing capacity of some central and eastern European countries. This paper analyzes the determinants of net external borrowing in ten transition economies during 1990-95 and assesses the impact of the outstanding stock of foreign liabilities on net financial inflows Online-Ausg http://elibrary.imf.org/view/IMF001/02270-9781451855562/02270-9781451855562/02270-9781451855562.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Manzocchi, Stefano External Finance and Foreign Debt in Central and Eastern European Countries |
| title | External Finance and Foreign Debt in Central and Eastern European Countries |
| title_auth | External Finance and Foreign Debt in Central and Eastern European Countries |
| title_exact_search | External Finance and Foreign Debt in Central and Eastern European Countries |
| title_exact_search_txtP | External Finance and Foreign Debt in Central and Eastern European Countries |
| title_full | External Finance and Foreign Debt in Central and Eastern European Countries Manzocchi, Stefano |
| title_fullStr | External Finance and Foreign Debt in Central and Eastern European Countries Manzocchi, Stefano |
| title_full_unstemmed | External Finance and Foreign Debt in Central and Eastern European Countries Manzocchi, Stefano |
| title_short | External Finance and Foreign Debt in Central and Eastern European Countries |
| title_sort | external finance and foreign debt in central and eastern european countries |
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