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Debt, Capital Flows, and LDC Growth
Oleh:
Krueger, Anne O.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Economic Impact no. 4 (1986)
,
page 6-11.
Topik:
Developing Countries
;
Debt
;
Capital Flows
;
LDC
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE6.5, EE6.7
Non-tandon:
2 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Bursting on the global economic scene in 1982, the LDC debt crisis has ebbed and flowed in intensity since that time but has never diappeared. Recently the crisis appeared to reach a new stage as big lending banks began setting aside huge reserves against losses and the idea of a "menu of options" to deal with the complex problem was broached. In the first five articles, a prominent international economist traces the origins of the debt problem. She argues that a country's failure to sufficiently realign its real exchange rate and liberalize its trade regime, to align its incentive structure to promote economic efficiency, or to control its public sector deficit would render additional capital flows no more warranted than was some earlier borrowing. Anne O. Krueger, a professor of economics at Duke University, recently retired from the World Bank, where she was vice-president for economics and research. Dr. Krueger was previously a research associate of the National Bureau of Economic Research and vice-president of the American Economic Association. She has worked on problems of international trade and economic development in Turkey, the Republic of Korea, India adn Brazil, among other developing countries.
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