The choice between external and domestic debt in financing budget deficits : the case of Central and West African countries /
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Author / Creator: | Beaugrand, Philippe. |
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Imprint: | [Washington, D.C.] : International Monetary Fund, ©2002. |
Description: | 1 online resource (29 pages) : illustrations |
Language: | English |
Series: | IMF working paper, 2227-8885 ; WP/02/79 IMF working paper ; WP/02/79. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12497904 |
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100 | 1 | |a Beaugrand, Philippe. | |
245 | 1 | 4 | |a The choice between external and domestic debt in financing budget deficits : |b the case of Central and West African countries / |c Philippe Beaugrand, Boileau Loko, and Montfort Mlachila. |
260 | |a [Washington, D.C.] : |b International Monetary Fund, |c ©2002. | ||
300 | |a 1 online resource (29 pages) : |b illustrations | ||
336 | |a text |b txt |2 rdacontent | ||
337 | |a computer |b c |2 rdamedia | ||
338 | |a online resource |b cr |2 rdacarrier | ||
490 | 1 | |a IMF working paper, |x 2227-8885 ; |v WP/02/79 | |
504 | |a Includes bibliographical references (pages 28-29). | ||
506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
533 | |a Electronic reproduction. |b [Place of publication not identified] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
538 | |a 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. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
588 | 0 | |a Print version record. | |
520 | |a The paper reviews the principles and practical considerations involved in the choice between foreign and domestic financing of fiscal deficits, and derives a series of recommendations broadly applicable to Central and West African countries. The paper develops a simple analytical framework and shows that highly concessional external debt is usually a superior choice to domestic debt in terms of financial costs and risks, even in the face of a probable devaluation. The paper stresses the importance of the availability and terms of financing, and of overall long-term debt sustainability. It concludes that these countries need to take a gradual approach to domestic debt financing, beginning with the issuance of short-term bills, and ensure a solid track record of meeting their debt-service obligations. | ||
546 | |a English. | ||
650 | 0 | |a Budget deficits |z Africa, Central |x Econometric models. | |
650 | 0 | |a Budget deficits |z Africa, West |x Econometric models. | |
650 | 0 | |a Deficit financing |z Africa, Central |x Econometric models. | |
650 | 0 | |a Deficit financing |z Africa, West |x Econometric models. | |
650 | 0 | |a Debts, External |z Africa, Central |x Econometric models. | |
650 | 0 | |a Debts, External |z Africa, West |x Econometric models. | |
650 | 0 | |a Debt |z Africa, Central |x Econometric models. | |
650 | 0 | |a Debt |z Africa, West |x Econometric models. | |
650 | 0 | |a Finance, Public |z Africa, Central |x Econometric models. | |
650 | 0 | |a Finance, Public |z Africa, West |x Econometric models. | |
650 | 6 | |a Déficit budgétaire |z Afrique centrale |x Modèles économétriques. | |
650 | 6 | |a Déficit budgétaire |z Afrique occidentale |x Modèles économétriques. | |
650 | 6 | |a Financement par le déficit |z Afrique centrale |x Modèles économétriques. | |
650 | 6 | |a Financement par le déficit |z Afrique occidentale |x Modèles économétriques. | |
650 | 6 | |a Dettes extérieures |z Afrique centrale |x Modèles économétriques. | |
650 | 6 | |a Dettes extérieures |z Afrique occidentale |x Modèles économétriques. | |
650 | 6 | |a Dettes |z Afrique centrale |x Modèles économétriques. | |
650 | 6 | |a Dettes |z Afrique occidentale |x Modèles économétriques. | |
650 | 6 | |a Finances publiques |z Afrique centrale |x Modèles économétriques. | |
650 | 6 | |a Finances publiques |z Afrique occidentale |x Modèles économétriques. | |
650 | 7 | |a Budget deficits |x Econometric models. |2 fast |0 (OCoLC)fst00840406 | |
650 | 7 | |a Debt |x Econometric models. |2 fast |0 (OCoLC)fst00888771 | |
650 | 7 | |a Debts, External |x Econometric models. |2 fast |0 (OCoLC)fst00888832 | |
650 | 7 | |a Deficit financing |x Econometric models. |2 fast |0 (OCoLC)fst00889733 | |
650 | 7 | |a Finance, Public |x Econometric models. |2 fast |0 (OCoLC)fst00924532 | |
651 | 7 | |a Central Africa. |2 fast |0 (OCoLC)fst01239510 | |
651 | 7 | |a West Africa. |2 fast |0 (OCoLC)fst01239521 | |
655 | 4 | |a Electronic books. | |
700 | 1 | |a Loko, Boileau. | |
700 | 1 | |a Mlachila, Montfort. | |
710 | 2 | |a International Monetary Fund. |b African Department. | |
710 | 2 | |a International Monetary Fund. |b Policy Development and Review Department. |0 http://id.loc.gov/authorities/names/no92024196 | |
776 | 0 | 8 | |i Print version: |a Beaugrand, Philippe. |t Choice between external and domestic debt in financing budget deficits. |d [Washington, D.C.] : International Monetary Fund, ©2002 |w (OCoLC)49838492 |
830 | 0 | |a IMF working paper ; |v WP/02/79. |0 http://id.loc.gov/authorities/names/no89010263 | |
856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2002/079/001.2002.issue-079-en.xml |y INTERNATIONAL MONETARY FUND |
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