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Donor herding and domestic debt crisis / [prepared by] Yohane Khamfula, Montfort Mlachila, and Ephraim Chirwa.

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This paper presents a new model based on the loan-pushing model by Basu (1991) to show how a domestic debt crisis can occur in a low-income country following donor herding. The model focuses on the rational herding behavior of donors due to payoff and information externalities. Although there are ma...

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Bibliographic Details
Online Access: Full Text (via ProQuest)
Main Authors: Khamfula, Yohane Anthony, 1967- (Author), Mlachila, Montfort (Author), Chirwa, Ephraim W. (Author)
Corporate Author: International Monetary Fund. Western Hemisphere Department
Format: eBook
Language:English
Published: [Washington, D.C.] : International Monetary Fund, Western Hemisphere Dept., 2006.
Series:IMF working paper ; WP/06/109.
Subjects:
Debts, External > Developing countries > Econometric models.
Economic assistance > Developing countries > Econometric models.
Debts, External > Econometric models.
Economic assistance > Econometric models.
Developing countries.

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Call Number: HJ8899 .K42 2006eb
HJ8899 .K42 2006eb Available

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