کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
986616 1480787 2011 23 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Management and sustainability of external debt: A focus on the emerging economies of Africa
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Management and sustainability of external debt: A focus on the emerging economies of Africa
چکیده انگلیسی

African countries have had the notoriety of being characterized by unsustainable external debt. Despite several announced intents by world development agencies to reverse this trend, there appears to be only minimal progress. This paper points to failure to determine appropriate levels of sustainable external debt, inadequate effective governance infrastructure, and ineffective management of external shocks, as important reasons why Africa's external debt problems have persisted. We derive African-relevant thresholds for sustainable external debt, and highlight quantifiable improvements African countries can experience if they were to adopt better governance infrastructures and effective management of external shocks.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Review of Development Finance - Volume 1, Issues 3–4, July–December 2011, Pages 184–206
نویسندگان
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