Hidden Bibliographic Details
| Other authors / contributors: | IMF Institute.
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| ISBN: | 9781451901719
1451901712
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| Notes: | Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
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Print version record.
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| Summary: | Annotation This paper analyzes the borrowing behavior of a small open economy of a developing country that relies heavily on imports for its capital formation and faces an upward-sloping supply function of foreign loans. Decision makers face uncertainty about the longevity of external shocks. That uncertainty generates forecast errors that lead to substantial debt accumulation. It is found that the assumption of an upward-sloping supply function of foreign loans, which is a more realistic formulation for developing countries than the usual perfect elasticity, offers an alternative to the Uzawa-type utility function for analyzing asset accumulation in the small open economy framework.
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| Other form: | Print version: Senhadji Semlali, A. Sources of debt accumulation in a small open economy. [Washington, D.C.] : International Monetary Fund, IMF Institute, ©1997
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| Standard no.: | 10.5089/9781451901719.001
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