International credit and welfare : some paradoxical results with implications for the organization of international lending /

This paper models a developing nation that faces a foreign exchange shortage and hence its demand for foreign goods is limited both by its income and its foreign exchange balance. Availability of international credit relaxes the second constraint. It is shown that in this setting the availability of...

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Bibliographic Details
Main Author: Basu, Kaushik
Corporate Author: Massachusetts Institute of Technology Department of Economics
Other Authors: Morita, Hodaka
Format: Book
Language:English
Published: Cambridge, MA : Massachusetts Institute of Technology, Dept. of Economics, [2002]
Series:Working paper (Massachusetts Institute of Technology. Department of Economics) ; no. 02-18
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Massachusetts Institute of Technology

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Call Number: HB31.M415 no.02-18