The costs and benefits of foreign borrowing : a survey of multi-period models (English)

This paper surveys the literature on multiperiod models of foreign borrowing to shed light on the issues of how much a country should borrow and under what circumstances there is a role for public intervention. The paper identifies the essential structural elements of multiperiod models and draws out the ramifications of the alternative specifications adopted. It discusses the insights and shortcomings of three classes of models: non-optimizing, optimizing...

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Author

Kharas, H.;

Glick, R.;
Document Date
1984/03/31
Document Type
Departmental Working Paper
Report Number
CPD8405
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2017/11/15
Disclosure Status
Disclosed
Doc Name
The costs and benefits of foreign borrowing : a survey of multi-period models
Keywords
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Citation

Kharas, H.; Glick, R..

The costs and benefits of foreign borrowing : a survey of multi-period models (English). Country Policy Department discussion paper|no. CPD 8405 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/669271492043012963

The costs and benefits of foreign borrowing : a survey of multi-period models (English)

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