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EF, Centralna ekonomska knjižnica, Ljubljana (CEKLJ)
  • External debt and economic reform : does a pain reliever delay the necessary treatment?
    Vamvakidis, Athanasios
    Recent literature argues that conflict in shifting adjustment costs between different socioeconomic groups delays necessary reforms and finds that such reforms often follow economic crises. This ... paper expands these models by including external borrowing by the private sector and shows that this may lead to a further delay in economic reform. Empirical evidence based on a large panel of developing and emerging economies supports this argument and shows that the result is slower economic growth. External financing sometimes acts like a "pain reliever," postponing the much needed "treatment" of a "sick" economy by reform.
    Vrsta gradiva - knjiga
    Založništvo in izdelava - Washington : International Monetary Fund, 2007
    Jezik - angleški
    COBISS.SI-ID - 17264358

Signatura – lokacija, inventarna št. ... Status izvoda
Skladišče II 12065/07 gl. publikacijo
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