Debt-Equity Composition of International Investment

International Monetary Fund

No 1988/008, IMF Working Papers from International Monetary Fund

Abstract: Capital flows to the nonindustrial countries share three striking characteristics. First, the bulk, of these flows was in the form of debt, not equity; second, the loans were mostly to, or guaranteed by, debtor governments; and third, these debts were largely bank loans, not bonds. This paper examines the economic factors that may have been responsible.

Keywords: WP; government debt; debt-equity ratio; debt holder; debt holding; debt problem; equity composition; Stocks; Capital flows; Private debt; Sovereign bonds; Europe (search for similar items in EconPapers)
Pages: 54
Date: 1988-01-01
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