External Finance and Adjustment

Released on by Karel Jansen
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  • External Finance and Adjustment Book Detail

  • Author : Karel Jansen
  • Release Date : 1997-12-13
  • Publisher : Springer
  • Genre : Business & Economics
  • Pages : 501
  • ISBN 13 : 1349259055
  • File Size : 26,26 MB
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External Finance and Adjustment by Karel Jansen PDF Summary

Book Description: This book studies the impact of different sources of external finance on growth and development in different country contexts. An important finding of the study is that 'success' or 'failure' in the productive use of external and domestic financial resources cannot be explained on the basis of single factors such as external shocks or 'bad' versus 'sound' policies. Rather, they are outcomes of complex interactions between changes in exogenous factors (such as fluctuations in external finance and trade shocks), existing economic structures and the responses to shocks by domestic public and private sector agents. This finding also implies that there are no recipes in economic policy-making which are generally applicable; the 'best' policy has to be designed specifically for each country.

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External Finance and Adjustment

External Finance and Adjustment

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This book studies the impact of different sources of external finance on growth and development in different country contexts. An important finding of the study

External Adjustment

External Adjustment

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"Gross stocks of foreign assets have increased rapidly relative to national outputs since 1990, and the short-run capital gains and losses on those assets can a