Financing Economic Reform: Domestic Adjustment and External Resources

M. Fry

Working Papers from University of Birmingham - International Financial Group

Abstract: Many newly emerging markets need to increase resources available for investment. The first section of this paper shows that government deficits reduce national saving and growth. Furthermore, greater reliance in inflationary finance, financial repression and foreign borrowing as ways for financing any given deficits are generally not conducice to savingand impedes economic developmenteven more.

Keywords: INVESTMENTS; FINANCIAL MARKET (search for similar items in EconPapers)
JEL-codes: F21 F32 (search for similar items in EconPapers)
Pages: 39 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:birmif:96-03

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