Managing Global Money pp 147-182 | Cite as
Developing Country Borrowing from Private Markets: Key Aspects and Prospects for the Future
Chapter
Abstract
Largely via the commercial banks the private capital market has been of crucial significance in providing balance of payments finance to a range of relatively better-off Latin American and South East Asian developing countries during the last ten years. The banks lent actively and heavily in the 1970s and early 1980s with the flow of finance, according to some observers, being essentially demand determined.1
Keywords
Interest Rate International Monetary Fund Real Exchange Rate Private Capital Private Market
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Copyright information
© Graham Bird 1988