Do Banks have a Role to Play in Foreign Non-Debt-Creating Transfers of Financial Resources

Walter G. Frehner

Chapter 16 in Financial Strategies and Public Policies, 1993, pp 123-146 from Palgrave Macmillan

Abstract: Abstract Industrial development for most countries is not possible without external financing. Typically, during the early stages of development a country will tend to borrow because investment opportunities exceed available domestic savings. At a later stage, as the country grows and domestic production catches up with domestic expenditure, the country’s net exports are sufficient to match and then exceed the external borrowing. The country is then in a position to repay its debt.

Keywords: Foreign Direct Investment; Stock Market; Cash Flow; Capital Inflow; Equity Investment (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12177-9_16

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DOI: 10.1007/978-1-349-12177-9_16

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