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Garantía Oficial Implícita y Créditos Externos

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  • Carlos Cáceres

Abstract

This paper develops a theoretical model to analyze the effect of an implicit official guaranty (IOG) perceived by the international banking on external credits to less developed countries (LDC's). The model rests on Rothschild-Stiglitz's definition of ris

Suggested Citation

  • Carlos Cáceres, 1987. "Garantía Oficial Implícita y Créditos Externos," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 24(72), pages 127-142.
    • Handle: RePEc:ioe:cuadec:v:24:y:1987:i:72:p:127-142
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    References listed on IDEAS

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    1. Eaton, Jonathan & Taylor, Lance, 1986. "Developing country finance and debt," Journal of Development Economics, Elsevier, vol. 22(1), pages 209-265, June.
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    8. Edwards, Sebastian, 1984. "LDC Foreign Borrowing and Default Risk: An Empirical Investigation, 1976-80," American Economic Review, American Economic Association, vol. 74(4), pages 726-734, September.
    9. Rothschild, Michael & Stiglitz, Joseph E., 1970. "Increasing risk: I. A definition," Journal of Economic Theory, Elsevier, vol. 2(3), pages 225-243, September.
    10. Zahler, Roberto & Khan, Mohsin S., 1982. "Efectos macroeconómicos de cambios en las barreras al comercio y al movimiento de capitales: un modelo de simulación," Series Históricas 7794, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
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