Foreign Creditors' Perception of Risks in Lending to African Countries: Evidence from Interest‐Rate Spread
Author
Abstract
Suggested Citation
DOI: 10.1111/j.1467-7679.1996.tb00115.x
Download full text from publisher
References listed on IDEAS
- Feder, Gershon & Just, Richard E., 1977.
"A study of debt servicing capacity applying logit analysis,"
Journal of Development Economics, Elsevier, vol. 4(1), pages 25-38, February.
- Feder, Gershon & Just, Richard E., 1976. "A Study of Debt Servicing Capacity Applying Logit Analysis," CUDARE Working Papers 242453, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Feder, Gershon & Just, Richard E., 1977.
"An analysis of credit terms in the eurodollar market,"
European Economic Review, Elsevier, vol. 9(2), pages 221-243.
- Feder, Gershon & Just, Richard E., 1977. "An Analysis of Credit Terms in the Eurodollar Market," CUDARE Working Papers 242456, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Feder, Gershon & Ross, Knud Z, 1982. "Risk Assessments and Risk Premiums in the Eurodollar Market," Journal of Finance, American Finance Association, vol. 37(3), pages 679-691, June.
- Savvides, Andreas, 1990. "LDC creditworthiness and foreign capital inflows: 1980-86," Journal of Development Economics, Elsevier, vol. 34(1-2), pages 309-327, November.
- repec:ags:ucdavw:225633 is not listed on IDEAS
- Citron, Joel-Tomas & Nickelsburg, Gerald, 1987. "Country risk and political instability," Journal of Development Economics, Elsevier, vol. 25(2), pages 385-392, April.
- White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
- Kharas, Homi J. & Levinsohn, Jim, 1988. "LDC savings rates and debt crises," World Development, Elsevier, vol. 16(7), pages 779-786, July.
- Sirleaf, Ellen Johnson & Nyirjesy, Francis, 1991. "The outlook for commercial bank lending to sub-Saharan Africa," Policy Research Working Paper Series 720, The World Bank.
- Bruno, Michael & Easterly, William, 1998.
"Inflation crises and long-run growth,"
Journal of Monetary Economics, Elsevier, vol. 41(1), pages 3-26, February.
- Michael Bruno & William Easterly, 1995. "Inflation Crises and Long-Run Growth," NBER Working Papers 5209, National Bureau of Economic Research, Inc.
- Bruno, Michael & Easterly, William, 1995. "Inflation crises and long-run growth," Policy Research Working Paper Series 1517, The World Bank.
- Feder. Gershon & Just, Richard E., 1978. "A Model For Analyzing Lenders' Perceived Default Risk," 1978 Annual Meeting, August 6-9, Blacksburg, Virginia 283702, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Frank, Charles Jr. & Cline, William R., 1971. "Measurement of debt servicing capacity: An application of discriminant analysis," Journal of International Economics, Elsevier, vol. 1(3), pages 327-344, August.
- Eaton, Jonathan & Gersovitz, Mark, 1980. "LDC participation in international financial markets : Debt and reserves," Journal of Development Economics, Elsevier, vol. 7(1), pages 3-21, February.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Jan Willem Gunning & Paul Collier, 1999.
"Explaining African Economic Performance,"
Journal of Economic Literature, American Economic Association, vol. 37(1), pages 64-111, March.
- Paul Collier & Jan Willem Gunning, 1997. "Explaining African economic performance," CSAE Working Paper Series 1997-02.2, Centre for the Study of African Economies, University of Oxford.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Edwards, Sebastian, 1986.
"The pricing of bonds and bank loans in international markets : An empirical analysis of developing countries' foreign borrowing,"
European Economic Review, Elsevier, vol. 30(3), pages 565-589, June.
- Sebastian Edwards, 1985. "The Pricing of Bonds and Bank Loans in International Markets: An Empirical Analysis of Developing Countries' Foreign Borrowing," NBER Working Papers 1689, National Bureau of Economic Research, Inc.
- Sebastián Edwards, 1984. "Deuda Externa y Riesgo del País," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 21(62), pages 3-24.
- Sebastian Edwards, 1985. "The Pricing of Bonds and Bank Loans in International Markets: An Empirical Analysis of Developing Countries," UCLA Economics Working Papers 382, UCLA Department of Economics.
- repec:zbw:bofrdp:1993_001 is not listed on IDEAS
- Sebastian Edwards, 1983.
"LDC's Foreign Borrowing and Default Risk: An Empirical Investigation 1976-1980,"
UCLA Economics Working Papers
298, UCLA Department of Economics.
- Sebastian Edwards, 1983. "LDC's Foreign Borrowing and Default Risk: An Empirical Investigation 1976-1980," UCLA Economics Working Papers 323, UCLA Department of Economics.
- Easton, Stephen T. & Rockerbie, Duane W., 1999.
"What's in a default? Lending to LDCs in the face of default risk,"
Journal of Development Economics, Elsevier, vol. 58(2), pages 319-332, April.
- Easton, S-T & Rockerbie, D-W, 1996. "What's in a Default? Lending to LDCs in the Face of Default Risk," Discussion Papers dp96-06, Department of Economics, Simon Fraser University.
- Rivoli, Pietra & Brewer, Thomas L., 1997. "Political instability and country risk," Global Finance Journal, Elsevier, vol. 8(2), pages 309-321.
- Huang, Shumin, 1993. "Determinants of country creditworthiness : an empirical investigation, 1980-1989," Research Discussion Papers 1/1993, Bank of Finland.
- Huang, Shumin, 1993. "Determinants of country creditworthiness: an empirical investigation, 1980-1989," Bank of Finland Research Discussion Papers 1/1993, Bank of Finland.
- Sebastian Edwards, 1983. "LDC's Foreign Borrowing and Default Risk: An Empirical Investigation," NBER Working Papers 1172, National Bureau of Economic Research, Inc.
- Tremblay, Rodrigue, 1983.
"L’endettement international et les problèmes d’ajustement : une perspective générale,"
L'Actualité Economique, Société Canadienne de Science Economique, vol. 59(2), pages 283-324, juin.
- Tremblay, R., 1983. "L'endettement International et les Problemes D'ajustement: une Perspective Generale," Cahiers de recherche 8301, Universite de Montreal, Departement de sciences economiques.
- Tamás Kristóf, 2021. "Sovereign Default Forecasting in the Era of the COVID-19 Crisis," JRFM, MDPI, vol. 14(10), pages 1-24, October.
- Jakob De Haan & Clemens Siermann & Erna Van Lubek, 1997. "Political instability and country risk: new evidence," Applied Economics Letters, Taylor & Francis Journals, vol. 4(11), pages 703-707.
- Jelena Laušev & Aleksandar Stojanović & Nataša Todorović, 2011. "Determinants Of Debt Rescheduling In Eastern European Countries," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 56(188), pages 7-31, January –.
- Somerville, R. A. & Taffler, R. J., 1995. "Banker judgement versus formal forecasting models: The case of country risk assessment," Journal of Banking & Finance, Elsevier, vol. 19(2), pages 281-297, May.
- Carmen Díaz-Roldán & María del Carmen Ramos-Herrera, 2021. "Innovations and ICT: Do They Favour Economic Growth and Environmental Quality?," Energies, MDPI, vol. 14(5), pages 1-17, March.
- Ramcharran, Harri, 1999. "The determinants of secondary market prices for developing country loans: the impact of country risk," Global Finance Journal, Elsevier, vol. 10(2), pages 173-186.
- Hajivassiliou, V A, 1994.
"A Simulation Estimation Analysis of the External Debt Crises of Developing Countries,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 9(2), pages 109-131, April-Jun.
- Vassilis A. Hajivassiliou, 1993. "A Simulation Estimation Analysis of the External Debt Crises of Developing Countries," Working Papers _022, Yale University.
- Hajivassiliou, 1993. "A Simulation Estimation Analysis of the External Debt Crises of Developing Countries," Cowles Foundation Discussion Papers 1057, Cowles Foundation for Research in Economics, Yale University.
- Edwards, Sebastian, 1986.
"Country risk, foreign borrowing, and the social discount rate in an open developing economy,"
Journal of International Money and Finance, Elsevier, vol. 5(1, Supple), pages 79-96, March.
- Sebastian Edwards, 1985. "Country Risk, Foreign Borrowing and the Social Discount Rate in an Open Developing Economy," NBER Working Papers 1651, National Bureau of Economic Research, Inc.
- Maltritz, Dominik & Molchanov, Alexander, 2014. "Country credit risk determinants with model uncertainty," International Review of Economics & Finance, Elsevier, vol. 29(C), pages 224-234.
- Shamim Ahmed & M. Golam Mortaza, 2010. "Inflation and Economic Growth in Bangladesh: 1981-2005," Working Papers id:3033, eSocialSciences.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:devpol:v:14:y:1996:i:4:p:391-408. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/odioruk.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.