Arbeitspapier
Voluntary and involuntary lending: A test of major hypotheses
This paper assesses the empirical relevance of various conjectures about what determined whether creditors would issue loans to developing countries in the 1980s. With the onset of the debt crisis, private creditors began to honour debtors who improved economic performance and policies. Private creditors were not prepared to compensate for unfavourable developments in the world market with additional lending. Small borrowers who did not benefit from involuntary lending had great difficulty attracting further capital inflows when they were hit by external shocks. The paper finds that if debtors are given more incentive to meet debt obligations through more efficient economic policies, creditors will be more likely to share the credit risks triggered by unfavourable developments in the world market. As the distribution of credit risks between debtors and creditors improves, the capital outflow from developing countries will be checked.
- Language
-
Englisch
- Bibliographic citation
-
Series: Policy, Planning, and Research Working Papers ; No. 193
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Nunnenkamp, Peter
- Event
-
Veröffentlichung
- (who)
-
World Bank, Policy, Planning, and Research Complex
- (where)
-
Washington DC
- (when)
-
1989
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Nunnenkamp, Peter
- World Bank, Policy, Planning, and Research Complex
Time of origin
- 1989
Other Objects (12)
Bank lending to developing countries in the 1980s: an empirical test of major hypotheses on voluntary and involuntary lending
Voluntary and involuntary lending : A test of major hypotheses
Mehr Entwicklungshilfe ist nicht genug: zielgerichtete Unterstützung armer afrikanischer Länder mit guter Regierungsführung?
Bank lending to developing countries and possible solutions to international debt problems
Bank lending and government intervention in capital markets: Has recycling gone too far?
The moral hazard of IMF lending: Making a fuss about a minor problem?
Die Auswirkungen der EU-Osterweiterung auf die Direktinvestitionen und deren Rückwirkungen
Liberalisierung der Finanzmärkte und Ersparnisbildung in Indonesien
Liberalization and regulation of international capital flows: where the opposites meet
Umbaupläne und Reparaturarbeiten an der internationalen Finanzarchitektur: eine Zwischenbilanz aus deutscher Perspektive
Why economic growth trends differ so much across developing countries: the globalization debate and its relevance to Pakistan
Economic policy, institutional development, and income growth: How Arab countries compare with other developing countries
Bank lending to developing countries in the 1980s: an empirical test of major hypotheses on voluntary and involuntary lending
Voluntary and involuntary lending : A test of major hypotheses
Mehr Entwicklungshilfe ist nicht genug: zielgerichtete Unterstützung armer afrikanischer Länder mit guter Regierungsführung?
Bank lending to developing countries and possible solutions to international debt problems
Bank lending and government intervention in capital markets: Has recycling gone too far?
The moral hazard of IMF lending: Making a fuss about a minor problem?
Die Auswirkungen der EU-Osterweiterung auf die Direktinvestitionen und deren Rückwirkungen
Liberalisierung der Finanzmärkte und Ersparnisbildung in Indonesien
Liberalization and regulation of international capital flows: where the opposites meet
Umbaupläne und Reparaturarbeiten an der internationalen Finanzarchitektur: eine Zwischenbilanz aus deutscher Perspektive
Why economic growth trends differ so much across developing countries: the globalization debate and its relevance to Pakistan
Economic policy, institutional development, and income growth: How Arab countries compare with other developing countries
Bank lending to developing countries in the 1980s: an empirical test of major hypotheses on voluntary and involuntary lending
Voluntary and involuntary lending : A test of major hypotheses
Mehr Entwicklungshilfe ist nicht genug: zielgerichtete Unterstützung armer afrikanischer Länder mit guter Regierungsführung?
Bank lending to developing countries and possible solutions to international debt problems
Bank lending and government intervention in capital markets: Has recycling gone too far?
The moral hazard of IMF lending: Making a fuss about a minor problem?
Die Auswirkungen der EU-Osterweiterung auf die Direktinvestitionen und deren Rückwirkungen
Liberalisierung der Finanzmärkte und Ersparnisbildung in Indonesien
Liberalization and regulation of international capital flows: where the opposites meet
Umbaupläne und Reparaturarbeiten an der internationalen Finanzarchitektur: eine Zwischenbilanz aus deutscher Perspektive
Why economic growth trends differ so much across developing countries: the globalization debate and its relevance to Pakistan