External Debt and Worsening Business Cycles in Less Developed Countries
Less developed countries (LDCs) have seen considerable business cycles in recent decades. At the same time they have significantly increased their external-debt-to-GDP ratios. It seems natural to suspect that increased indebtedness and the amplified cycles are linked. The paper presents a simple mac...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2003
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/150 https://ink.library.smu.edu.sg/context/soe_research/article/1149/viewcontent/ExternalDebt_LDCs_2003.pdf |
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| Institution: | Singapore Management University |
| Language: | English |