메뉴 건너뛰기




Volumn 93, Issue 5, 2003, Pages 1678-1702

Inefficient foreign borrowing: A dual- and common-agency perspective

Author keywords

[No Author keywords available]

Indexed keywords


EID: 2942733515     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/000282803322655491     Document Type: Article
Times cited : (76)

References (45)
  • 1
    • 2942713532 scopus 로고    scopus 로고
    • A corporate balance-sheet approach to currency crises
    • Lausanne, Department D'Econometrie et d'Economie Politique (DEEP)
    • Aghion, Philippe; Bacchetta, Philippe and Banerjee, Abhijit. "A Corporate Balance-Sheet Approach to Currency Crises." Lausanne, Department D'Econometrie et d'Economie Politique (DEEP), Cahiers de Recherches Economiques No. 0114, 2001.
    • (2001) Cahiers de Recherches Economiques No. 0114 , vol.114
    • Aghion, P.1    Bacchetta, P.2    Banerjee, A.3
  • 2
    • 0003274967 scopus 로고
    • Government debt and the risk of default
    • Rudiger Dornbusch and Mario Draghi, eds. Cambridge: Cambridge University Press
    • Aghion, Philippe and Bolton, Patrick. "Government Debt and the Risk of Default," in Rudiger Dornbusch and Mario Draghi, eds., Public debt management: Theory and history. Cambridge: Cambridge University Press, 1991.
    • (1991) Public Debt Management: Theory and History
    • Aghion, P.1    Bolton, P.2
  • 3
    • 0004249849 scopus 로고    scopus 로고
    • Mimeo, Columbia University and University of Wisconsin
    • Bagwell, Kyle and Staiger, Robert. "GATT-Think." Mimeo, Columbia University and University of Wisconsin, 2000.
    • (2000) GATT-think
    • Bagwell, K.1    Staiger, R.2
  • 4
    • 0000743276 scopus 로고
    • Common agency
    • July
    • Bernheim, B. Douglas and Whinston, Michael. "Common Agency." Econometrica, July 1986, 54(4), pp. 923-42.
    • (1986) Econometrica , vol.54 , Issue.4 , pp. 923-942
    • Bernheim, B.D.1    Whinston, M.2
  • 5
    • 0001290043 scopus 로고    scopus 로고
    • Machiavellian privatization
    • March
    • Biais, Bruno and Perotti, Enrico. "Machiavellian Privatization." American Economic Review, March 2002, 92(1), pp. 240-58.
    • (2002) American Economic Review , vol.92 , Issue.1 , pp. 240-258
    • Biais, B.1    Perotti, E.2
  • 6
    • 38249034224 scopus 로고
    • Fiscal increasing returns, hysteresis, real wages and unemployment
    • April
    • Blanchard, Olivier and Summers, Lawrence. "Fiscal Increasing Returns, Hysteresis, Real Wages and Unemployment." European Economic Review, April 1987, 31(3), pp. 543-60.
    • (1987) European Economic Review , vol.31 , Issue.3 , pp. 543-560
    • Blanchard, O.1    Summers, L.2
  • 7
    • 84936628561 scopus 로고
    • A constant recontracting model of sovereign debt
    • February
    • Bulow, Jeremy and Rogoff, Kenneth. "A Constant Recontracting Model of Sovereign Debt." Journal of Political Economy, February 1989a, 97(1), pp. 155-78.
    • (1989) Journal of Political Economy , vol.97 , Issue.1 , pp. 155-178
    • Bulow, J.1    Rogoff, K.2
  • 8
    • 0010522629 scopus 로고
    • Multilateral negotiations for rescheduling developing country debt: A bargaining theoretic framework
    • Jacob Frenkel, Michael P. Dooley, and Peter Wickham, eds. Washington, DC: International Monetary Fund
    • _. "Multilateral Negotiations for Rescheduling Developing Country Debt: A Bargaining Theoretic Framework," in Jacob Frenkel, Michael P. Dooley, and Peter Wickham, eds., Analytical issues in debt. Washington, DC: International Monetary Fund, 1989b, pp. 644-57.
    • (1989) Analytical Issues in Debt , pp. 644-657
  • 10
    • 0042409462 scopus 로고    scopus 로고
    • International and domestic collateral constraints in a model of emerging market crises
    • December
    • _. "International and Domestic Collateral Constraints in a Model of Emerging Market Crises." Journal of Monetary Economics, December 2001a, 48(3), pp. 513-48.
    • (2001) Journal of Monetary Economics , vol.48 , Issue.3 , pp. 513-548
  • 15
    • 0002306504 scopus 로고
    • Strategic aspects of trade policy
    • Truman F. Bewley, ed. Cambridge: Cambridge University Press
    • Dixit, Avinash. "Strategic Aspects of Trade Policy," in Truman F. Bewley, ed., Advances in economic theory: Fifth World Congress of Econometric Society. Cambridge: Cambridge University Press, 1987, pp. 329-62.
    • (1987) Advances in Economic Theory: Fifth World Congress of Econometric Society , pp. 329-362
    • Dixit, A.1
  • 16
    • 0023482971 scopus 로고
    • Public debt guarantees and private capital flight
    • May
    • Eaton, Jonathan. "Public Debt Guarantees and Private Capital Flight." World Bank Economic Review, May 1987, 1, pp. 377-95.
    • (1987) World Bank Economic Review , vol.1 , pp. 377-395
    • Eaton, J.1
  • 17
    • 77956859417 scopus 로고
    • Sovereign debt
    • Gene Grossman and Kenneth Rogoff, eds. Amsterdam: North Holland
    • Eaton, Jonathan and Fernández, Raquel. "Sovereign Debt," in Gene Grossman and Kenneth Rogoff, eds., Handbook of international economics, Vol. 3. Amsterdam: North Holland, 1995, pp. 2031-77.
    • (1995) Handbook of International Economics , vol.3 , pp. 2031-2077
    • Eaton, J.1    Fernández, R.2
  • 19
    • 0000815950 scopus 로고
    • Investor diversification and international equity markets
    • May (Papers and Proceedings)
    • French, Kenneth R. and Poterba, James M. "Investor Diversification and International Equity Markets." American Economic Review, May 1991 (Papers and Proceedings), 81(2), pp. 222-26.
    • (1991) American Economic Review , vol.81 , Issue.2 , pp. 222-226
    • French, K.R.1    Poterba, J.M.2
  • 20
    • 44949290086 scopus 로고
    • North-South lending and endogenous domestic capital market inefficiencies
    • October
    • Gertler, Mark and Rogoff, Kenneth. "North-South Lending and Endogenous Domestic Capital Market Inefficiencies." Journal of Monetary Economics, October 1990, 26, pp. 245-66.
    • (1990) Journal of Monetary Economics , vol.26 , pp. 245-266
    • Gertler, M.1    Rogoff, K.2
  • 21
    • 0001306702 scopus 로고
    • Protection for sale
    • September
    • Grossman, Gene and Helpman, Elhanan. "Protection for Sale." American Economic Review, September 1994, 84(4), pp. 833-50.
    • (1994) American Economic Review , vol.84 , Issue.4 , pp. 833-850
    • Grossman, G.1    Helpman, E.2
  • 22
    • 20144363229 scopus 로고    scopus 로고
    • Private and public supply of liquidity
    • February
    • Holmström, Bengt and Tirole, Jean. "Private and Public Supply of Liquidity." Journal of Political Economy, February 1998, 106(1), pp. 1-40.
    • (1998) Journal of Political Economy , vol.106 , Issue.1 , pp. 1-40
    • Holmström, B.1    Tirole, J.2
  • 23
    • 0042420196 scopus 로고    scopus 로고
    • Domestic international supply of liquidity
    • May (Papers and Proceedings)
    • _. "Domestic and International Supply of Liquidity." American Economic Review, May 2002 (Papers and Proceedings), 92(2), pp. 42-5.
    • (2002) American Economic Review , vol.92 , Issue.2 , pp. 42-45
  • 24
  • 25
    • 0034047633 scopus 로고    scopus 로고
    • Foreign currency debt and the global financial architecture
    • May (Papers and Proceedings)
    • _. "Foreign Currency Debt and the Global Financial Architecture." European Economic Review, May 2000a (Papers and Proceedings), 44(4-6), pp. 719-27.
    • (2000) European Economic Review , vol.44 , Issue.4-6 , pp. 719-727
  • 27
    • 2942713544 scopus 로고    scopus 로고
    • Mimeo, International Monetary Fund, Washington, DC, November
    • _. "Why Do Emerging Markets Borrow in Foreign Currency." Mimeo, International Monetary Fund, Washington, DC, November 2002.
    • (2002) Why Do Emerging Markets Borrow in Foreign Currency
  • 28
    • 0034770626 scopus 로고    scopus 로고
    • International bailouts, moral hazard and conditionality
    • October
    • Jeanne, Olivier and Zettelmeyer, Jeromin. "International Bailouts, Moral Hazard and Conditionality." Economic Policy, October 2001, (33), pp. 409-32.
    • (2001) Economic Policy , Issue.33 , pp. 409-432
    • Jeanne, O.1    Zettelmeyer, J.2
  • 29
    • 84963090863 scopus 로고
    • Optimum tariffs and retaliation
    • Johnson, Harry. "Optimum Tariffs and Retaliation." Review of Economic Studies, 1954, 21(2), pp. 142-53.
    • (1954) Review of Economic Studies , vol.21 , Issue.2 , pp. 142-153
    • Johnson, H.1
  • 31
    • 0008910783 scopus 로고    scopus 로고
    • Conflicting demands on the international monetary fund
    • May (Papers and Proceedings)
    • Krueger, Anne. "Conflicting Demands on the International Monetary Fund." American Economic Review, May 2000 (Papers and Proceedings), 90(2), pp. 38-42.
    • (2000) American Economic Review , vol.90 , Issue.2 , pp. 38-42
    • Krueger, A.1
  • 32
    • 0001582485 scopus 로고    scopus 로고
    • Trying to explain home bias in equities and consumption
    • June
    • Lewis, Karen. "Trying to Explain Home Bias in Equities and Consumption." Journal of Economic Literature, June 1999, 37(2), pp. 571-608.
    • (1999) Journal of Economic Literature , vol.37 , Issue.2 , pp. 571-608
    • Lewis, K.1
  • 33
    • 0031848941 scopus 로고    scopus 로고
    • The value of trade agreements in the presence of political pressures
    • June
    • Maggi, Giovanni and Rodríguez-Clare, Andrés. "The Value of Trade Agreements in the Presence of Political Pressures." Journal of Political Economy, June 1998, 106(3), pp. 574-601.
    • (1998) Journal of Political Economy , vol.106 , Issue.3 , pp. 574-601
    • Maggi, G.1    Rodríguez-Clare, A.2
  • 34
    • 0001627409 scopus 로고
    • Perfect equilibria in a trade liberalization game
    • June
    • Matsuyama, Kiminori. "Perfect Equilibria in a Trade Liberalization Game." American Economic Review, June 1990, 80(3), pp. 480-92.
    • (1990) American Economic Review , vol.80 , Issue.3 , pp. 480-492
    • Matsuyama, K.1
  • 35
    • 0016366436 scopus 로고
    • Overinsurance and public provision of insurance: The roles of moral hazard and adverse selection
    • February
    • Pauly, Mark. "Overinsurance and Public Provision of Insurance: The Roles of Moral Hazard and Adverse Selection." Quarterly Journal of Economics, February 1974, 88(1), pp. 44-62.
    • (1974) Quarterly Journal of Economics , vol.88 , Issue.1 , pp. 44-62
    • Pauly, M.1
  • 36
    • 84959824318 scopus 로고
    • Why a stubborn conservative would run a deficit: Policy with time-inconsistent preferences
    • May
    • Persson, Torsten and Svensson, Lars. "Why a Stubborn Conservative Would Run a Deficit: Policy with Time-Inconsistent Preferences." Quarterly Journal of Economics, May 1989, 104(2), pp. 325-45.
    • (1989) Quarterly Journal of Economics , vol.104 , Issue.2 , pp. 325-345
    • Persson, T.1    Svensson, L.2
  • 37
    • 0002697733 scopus 로고
    • The debt overhang of developing countries
    • Guillermo A. Calvo, Ronald Findlay, Pentti Kouri, and Jorge Braga de Macedo, eds. Oxford: Basil Blackwell
    • Sachs, Jeffrey. "The Debt Overhang of Developing Countries," in Guillermo A. Calvo, Ronald Findlay, Pentti Kouri, and Jorge Braga de Macedo, eds., Debt stabilization and development: Essays in memory of Carlos Diaz-Alejandro. Oxford: Basil Blackwell, 1989.
    • (1989) Debt Stabilization and Development: Essays in Memory of Carlos Diaz-Alejandro
    • Sachs, J.1
  • 39
    • 0000967792 scopus 로고
    • Discretionary trade policy and excessive protection
    • December
    • Staiger, Robert and Tabellini, Guido. "Discretionary Trade Policy and Excessive Protection." American Economic Review, December 1987, 77(5), pp. 823-37.
    • (1987) American Economic Review , vol.77 , Issue.5 , pp. 823-837
    • Staiger, R.1    Tabellini, G.2
  • 40
    • 0002524137 scopus 로고
    • Voting on the budget deficit
    • March
    • Tabellini, Guido and Alesina, Alberto. "Voting on the Budget Deficit." American Economic Review, March 1990, 80(1), pp. 37-49.
    • (1990) American Economic Review , vol.80 , Issue.1 , pp. 37-49
    • Tabellini, G.1    Alesina, A.2
  • 42
    • 0000048134 scopus 로고
    • Time inconsistency of protectionist programs
    • August
    • Tornell, Aaron. "Time Inconsistency of Protectionist Programs." Quarterly Journal of Economics, August 1991, 106(3), pp. 963-74.
    • (1991) Quarterly Journal of Economics , vol.106 , Issue.3 , pp. 963-974
    • Tornell, A.1
  • 43
    • 84884713835 scopus 로고
    • The tragedy of the commons and economic growth: Why does capital flow from poor to rich countries?
    • December
    • Tornell, Aaron and Velasco, Andres. "The Tragedy of the Commons and Economic Growth: Why Does Capital Flow from Poor to Rich Countries?" Journal of Political Economy, December 1992, 100(6), pp. 1208-31.
    • (1992) Journal of Political Economy , vol.100 , Issue.6 , pp. 1208-1231
    • Tornell, A.1    Velasco, A.2
  • 44
    • 0030116148 scopus 로고    scopus 로고
    • Animal spirits, investments and international capital movements
    • April
    • Velasco, Andres. "Animal Spirits, Investments and International Capital Movements." Journal of International Money and Finance, April 1996, 15(2), pp. 221-37.
    • (1996) Journal of International Money and Finance , vol.15 , Issue.2 , pp. 221-237
    • Velasco, A.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.