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Developing Country Borrowing from Private Markets: Key Aspects and Prospects for the Future

  • Graham Bird

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 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Graham Bird 1988

Authors and Affiliations

  • Graham Bird
    • 1
  1. 1.University of SurreyUK

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