Warianty tytułu
Review of Theories Concerning External
Języki publikacji
Abstrakty
Autor dokonał skrótowego przeglądu teorii zadłużenia zagranicznego, a następnie sformułował zasadnicze kierunki działań, których podjęcie ułatwiłoby stosunki wierzyciele-dłużnicy. Są to: inwestycje bezpośrednie, kontynuowanie strategii przeczekania, kreowanie nowych finansowych instrumentów, wykorzystanie globalnych debt-equity swaps, oraz odgórnych ograniczeń stopy procentowej, wprowadzenie instumentów regulacji poziomu stopy inflacji i stopy procentowej w państwach wierzycielskich, strategia przestawiania gospodarek krajów dłużniczych na produkcję eksportową.
The paper includes a systematized presentation of theories describing the use of foreign loans in the economic expansion of underdeveloped countries. These theories were divided into four groups: theories describing rational course of action adopted by debtors and creditors, theories describing errors in the macroeconomic policies of the debtor countries, theories presenting structural models describing the world economy. In the first group a line was drawn between capital flow viewed dynamically and statically. In the second group the author discussed problems pertaining to an artificial enforcement of the policy of granting loans by creditors willing to ensure their position in the market. In the third group the policy adopted by the developing countries aimed at the implementation of long-term structural changes was contrasted with the policy of dealing with currently emerging problems. As regards the fourth group attention was focused on the models of the world economy adopting the North and the South division. The paper concluded with the presentation of some practical solutions following from theories and models of international indebtedness. (original abstract)
Słowa kluczowe
Rocznik
Numer
Strony
5--21
Opis fizyczny
Twórcy
autor
Bibliografia
- Avramovic D., Economic Growth and External Debt, John Hopkins Press, Baltimore 1964.
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- Burnham J.B., World Debt and Monetary Order: Learning from the Past, "Cato Journal" 1904, Vol. 4, p. 71-80.
- Cooper R.N., Sachs J.D., Borrowing Abroad: The Debtor's Perspective, Conference on International Debt and the Developing Countries, World bank, Washington 1984.
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- Domar E., The Effects of Investment on the Balance of Payments, "American Economic Review" 1950, Vol. 40, p. 805-826.
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- Haberger A., Welfare Consequence of Capital Inflows, Department of Economics, University of Chicago, Chicago, Il. 1983.
- Hellwig M.F., A model of Borrowing and Lending with Bankruptcy, "Econometrica" 1977, Vol. 45, p. 1879-1906.
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- Kindleberger Ch., Historical Perspectives on today's Third World Debt Crisis, Department of Economics, Massachusetts Institute of Technology, Cambridge May 1903.
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- Sachs J., Theoretical Issues in International Borrowing, "Princenton Studies in International Finance" 1985, No 54.
- Stanek K., Spłata zadłużenia zagranicznego gospodarki. Zadanie minimalno-czasowe, "Ekonomista" 1992, nr 4, s. 515-529.
- Vines D., A North-South Growth Model Along Kaldorian Lines, "Discussion Paper" 1984, No 26, Center for Economic Policy Research, London.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
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