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IMF Working Papers
2004
INTERNATIONAL MONETARY FUND
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IMF Working Papers
2004
INTERNATIONAL MONETARY FUND
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IMF Working Papers
2004
INTERNATIONAL MONETARY FUND
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Publications & Research :: Working Paper
Washington, DC
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IMF Working Papers
2007
INTERNATIONAL MONETARY FUND

This paper explains why the debt reduction motive for countries that are subject to borrowing constraints and a volatile environment is greater than for those with a more stable environment and relatively better access to the financial markets. In particular, it shows that the possibility of losing the ability to borrow in the future induces precautionary debt redu...

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IMF Working Papers
2007
INTERNATIONAL MONETARY FUND

This paper explains why the debt reduction motive for countries that are subject to borrowing constraints and a volatile environment is greater than for those with a more stable environment and relatively better access to the financial markets. In particular, it shows that the possibility of losing the ability to borrow in the future induces precautionary debt redu...

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IMF Working Papers
2007
INTERNATIONAL MONETARY FUND

This paper explains why the debt reduction motive for countries that are subject to borrowing constraints and a volatile environment is greater than for those with a more stable environment and relatively better access to the financial markets. In particular, it shows that the possibility of losing the ability to borrow in the future induces precautionary debt redu...

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0
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IMF Working Papers
2007
INTERNATIONAL MONETARY FUND

This paper explains why the debt reduction motive for countries that are subject to borrowing constraints and a volatile environment is greater than for those with a more stable environment and relatively better access to the financial markets. In particular, it shows that the possibility of losing the ability to borrow in the future induces precautionary debt redu...

0
0
0
0
IMF Working Papers
2007
INTERNATIONAL MONETARY FUND

This paper explains why the debt reduction motive for countries that are subject to borrowing constraints and a volatile environment is greater than for those with a more stable environment and relatively better access to the financial markets. In particular, it shows that the possibility of losing the ability to borrow in the future induces precautionary debt redu...

0
0
0
0
IMF Working Papers
2007
INTERNATIONAL MONETARY FUND

This paper explains why the debt reduction motive for countries that are subject to borrowing constraints and a volatile environment is greater than for those with a more stable environment and relatively better access to the financial markets. In particular, it shows that the possibility of losing the ability to borrow in the future induces precautionary debt redu...

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0
0
0