Conventional wisdom seems to claim that Low Developing Countries (LDC) debt rescheduling problems are reflections of the failure of borrowers to invest their loans in appropriate productive activities. A primary aim of this paper is to evaluate the operational relevance of an approach which focuses on the use to which externally borrowed funds are put. In section two a general long-run theory of creditworthiness that suggests present concerns over...
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INFORMACIÓN
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1981/08/01
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Documento de trabajo (Serie Numerada)
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SDF74
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1
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1
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2010/07/01
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Disclosed
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On structural change and debt-servicing capacity
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saving rate