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Developing Country Borrowing from Private Markets: Key Aspects and Prospects for the Future

Graham Bird

Chapter 10 in Managing Global Money, 1988, pp 147-182 from Palgrave Macmillan

Abstract: Abstract Largely via the commercial banks the private capital market has been of crucial significance in providing balance of payments finance to a range of relatively better-off Latin American and South East Asian developing countries during the last ten years. The banks lent actively and heavily in the 1970s and early 1980s with the flow of finance, according to some observers, being essentially demand determined.1

Keywords: Interest Rate; International Monetary Fund; Real Exchange Rate; Private Capital; Private Market (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09588-9_10

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DOI: 10.1007/978-1-349-09588-9_10

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