Optimal Borrowing Policies for Developing Countries : The Cases of Korea, the Philippines, and Thailand »
Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 June 1987
Keywords: external debt, current account, external borrowing, tradable goods, current account deficit
This paper develops a theoretical framework for analyzing external debt policies of developing countries and applies it to assess the cases of three Asian countries, namely Korea, the Philippines, and Thailand. The...