North-South lending with moral hazard and repudiation risk

Review of International Economics

Volumn 7, Issue 1, 1999, Pages 50-58

  Lane, Philip R ^a  

^a TRINITY COLLEGE DUBLIN   (Ireland)

Author keywords

[No Author keywords available]

Indexed keywords

INVESTMENT; LENDING BEHAVIOR; NORTH-SOUTH RELATIONS; RISK FACTOR; THEORETICAL STUDY;

EID: 0032965732     PISSN: 09657576     EISSN: None     Source Type: Journal    
DOI: 10.1111/1467-9396.00145     Document Type: Article

References (19)

1. Atkeson, Andrew, "International Lending with Moral Hazard and Risk of Repudiation," Econometrica 59 (1991):1069-89.
2. Barro, Robert, N. Gregory Mankiw, and Xavier Sala-i-Martin, "Capital Mobility in Neoclassical Models of Growth," American Economic Review 85 (1995):103-15.
3. Bernanke, Ben and Mark Gertler, "Agency Costs, Net Worth and Business Fluctuations," American Economic Review 79 (1989):14-31.
4. Bovenberg, A. Lans and Roger H. Gordon, "Why is Capital so Immobile Internationally? Possible Explanations and Implications for Capital Income Taxation," American Economic Review 86 (1996):1057-75.
5. Boyd, John and Bruce Smith, "Capital Market Imperfections, International Credit Markets and Noncovergence," Federal Reserve Bank of Minneapolis Working Paper 522, 1995.
6. Bulow, Jeremy and Kenneth Rogoff, "A Constant Recontracting Model of Sovereign Debt," Journal of Political Economy 97 (1989):155-77.
7. Clarida, Richard, "International Lending and Borrowing in a Stochastic, Stationary Equilibrium," International Economic Review 31 (1990):543-58.
8. Cohen, Daniel and Jeffrey Sachs, "Growth and External Debt under Risk of Debt Repudiation," European Economic Review 30 (1986):526-60.
9. Eaton, Jonathan and Mark Gersowitz, "Debt with Potential Repudiation:Theory and Estimation," Review of Economic Studies 48 (1981):289-309.
10. Fazzari, Stephen M., R. Glenn Hubbard, and Bruce C. Peterson, "Financing Constraints and Corporate Investment," Brookings Papers on Economic Activity 1 (1988):141-96.
11. Gertler, Mark and Kenneth Rogoff, "North-South Lending and Endogenous Capital Market Inefficiencies," Journal of Monetary Economics 26 (1990):245-66.
12. Gilchrist, Simon and Charles Himmelberg, "Evidence on the Role of Cash Flow for Investment," Journal of Monetary Economics 36 (1995):541-72.
13. Hart, Oliver, Firms, Contracts and Financial Structure, Oxford: Clarendon Press, 1995.
14. Hillier, Brian and Tim Worrall, "Asymmetric Information, Investment Finance and Real Business Cycles," in Huw Dixon and Neil Rankin (eds.), The New Macroeconomics, New York: Cambridge University Press, 1995, pp. 245-74.
15. Holmstrom, Bengt and Jean Tirole, "Financial Intermediation, Loanable Funds, and the Real Sector," manuscript, MIT and IDEI, 1994.
16. Kiyotaki, Nobuhiro and John Moore, "Credit Cycles," NBER Working Paper 5083, 1995.
17. Naim, Moses, Paper Tigers or Minotaurs?, Washington, DC: Carnegie Endowment, 1993.
18. Razin, Assaf, Efraim Sadka, and Chi Yuen, "A Pecking Order Theory of Capital Inflows and International Tax Principles," IMF Working Paper 96/26, 1996.
19. Zeira, Joseph, "Credit Rationing in an Open Economy," International Economic Review 32 (1991):959-72.