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Reconsidering External Financing of Domestic Budget Deficits :, Debunking Some Received Wisdom, David Woo, Simon Gray

Creator
Contributor
Abstract
The past decade has witnessed a steady increase in outstanding external sovereign debt issued by emerging market economies. This paper examines some of the “received wisdom” regarding the benefits of external financing of domestic budget deficits and argues that it is often predicated on a narrow set of assumptions and incomplete evaluation of the underlying costs. The paper also suggests alternative sources of financing that can help capture some of the benefits associated with foreign financing without all of its costs
Language
eng
Literary Form
non fiction
Physical Description
1 online resource (24 p.)
Form Of Item
online
Isbn
9780145525989

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