| 000 | 02308nam a22004214a 4500 | ||
|---|---|---|---|
| 001 | WPIEA0571992 | ||
| 003 | IMF | ||
| 005 | 20190405153137.0 | ||
| 006 | m o d | ||
| 007 | cr cn||||||||| | ||
| 008 | 020129s1992 dcu o i00 0 eng d | ||
| 020 |
_a1451967187 : _c15.00 USD |
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| 020 | _z9781451967180 | ||
| 022 | _a1018-5941 | ||
| 024 | 7 |
_a10.5089/9781451967180.001 _2doi |
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| 035 | _a(IMF)WPIEA0571992 | ||
| 040 |
_aDcWaIMF _beng |
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| 100 | 1 | _aDooley, Michael P. | |
| 245 | 1 | 0 |
_aEndogenous Creditor Seniority and External Debt Values _h[electronic resource] / _cMichael P Dooley. |
| 260 |
_aWashington, D.C. : _bInternational Monetary Fund, _c1992. |
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| 300 | _a1 online resource (32 p.) | ||
| 490 | 1 |
_aIMF Working Papers; Working Paper ; _vNo. 92/57 |
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| 520 | 3 | _aA new aggregation scheme used to measure the sources of fiscal financing of indebted countries suggests that there was a fundamental improvement in the seniority of domestic debt at the expense of foreign bank debt during the late 1980s. We argue that this was the revenue maximizing response of governments to internal and external capital flight that drained the domestic financial "tax base" subject to indirect taxation. Empirical analysis indicates that the profile of the sources of fiscal financing influenced external debt values. The econometric analysis also implies that previous studies have neglected an important reason for the decline in loan values from 1985 to 1989: the increase in international interest rates. | |
| 588 | _aDescription based on print version record. | ||
| 650 | 7 |
_aCentral Bank _2imf |
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| 650 | 7 |
_aDebtor Countries _2imf |
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| 650 | 7 |
_aSovereign Debt _2imf |
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| 650 | 7 |
_aTaxation _2imf |
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| 651 | 7 |
_aAlgeria _2imf |
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| 651 | 7 |
_aArgentina _2imf |
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| 651 | 7 |
_aBrazil _2imf |
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| 651 | 7 |
_aMexico _2imf |
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| 651 | 7 |
_aPeru _2imf |
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| 700 | 1 | _aStone, Mark R. | |
| 776 | 0 | 8 |
_iPrint Version: _aDooley, Michael P. _tEndogenous Creditor Seniority and External Debt Values _dWashington, D.C. : International Monetary Fund, 1992. _z9781451967180 |
| 830 | 0 |
_aIMF Working Papers; Working Paper ; _vNo. 92/57 |
|
| 856 | 4 | 0 |
_uhttp://elibrary.imf.org/view/IMF001/02047-9781451967180/02047-9781451967180/02047-9781451967180.xml _zIMF e-Library |
| 856 | 4 | 0 |
_uhttp://www.imfbookstore.org/IMFORG/9781451967180 _zIMF Book Store |
| 999 |
_c147614 _d147614 |
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