Two new adjustment issues for high-debt countries : interest rate shock and private sector's external debt (English)

The emphasis in this paper is on certain issues unique to the high-debt situation. Many countries in the late 1970's and early 1980's faced excess demand shocks, terms of trade shocks and supply shocks, on which a certain body of theoretical literature exists. In addition, high debt countries were affected by an international interest rate shock and a general contraction in the supply of external financing. The first part of this paper discusses the...

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Author

Krumm,Kathie L.;
Document Date
1985/02/28
Document Type
Departmental Working Paper
Report Number
CPD8511
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2017/11/15
Disclosure Status
Disclosed
Doc Name
Two new adjustment issues for high-debt countries : interest rate shock and private sector's external debt
Keywords
interest rate shock

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Citation

Krumm,Kathie L..

Two new adjustment issues for high-debt countries : interest rate shock and private sector's external debt (English). Country Policy Department discussion paper|no. CPD 8511 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/301471492001200205

Two new adjustment issues for high-debt countries : interest rate shock and private sector's external debt (English)

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