External Debt Dynamics and Growth: A Neo-Keynesian Perspective

  • Edgardo Jovero
Part of the Centre for the Study of Emerging Markets Series book series (CSEM)


Risk refers to the volatility of returns on investment.Global risk refers to the volatility on investment situated in a globalized economy.In macroeconomics,there exist two dominant schools of thought explaining the importance of volatility or short-term fluctuations in studying the behaviour of aggregate variables such as investment.


Hopf Bifurcation Structural Instability External Debt Balance Growth Path Homoclinic Loop 
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© Contributors 2005

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  • Edgardo Jovero

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