Lending to the Poorest Countries: A New Counter-Cyclical Debt Instrument
Author
Abstract
Suggested Citation
DOI: 10.1787/242606541087
Download full text from publisher
References listed on IDEAS
- Paul Cashin & C. John McCDermott, 2002.
"The Long-Run Behavior of Commodity Prices: Small Trends and Big Variability,"
IMF Staff Papers, Palgrave Macmillan, vol. 49(2), pages 1-2.
- Mr. Paul Cashin & Mr. C. John McDermott, 2001. "The Long-Run Behavior of Commodity Prices: Small Trends and Big Variability," IMF Working Papers 2001/068, International Monetary Fund.
- Daniel Cohen & Pierre Jacquet & Helmut Reisen, 2007.
"Loans or Grants?,"
Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 143(4), pages 764-782, December.
- Daniel Cohen & Helmut Reisen, 2007. "Loans o Grants?," PSE-Ecole d'économie de Paris (Postprint) halshs-00754255, HAL.
- Daniel Cohen & Pierre Jacquet & Helmut Reisen, 2007. "Loans or Grants?," WIDER Working Paper Series DP2007-06, World Institute for Development Economic Research (UNU-WIDER).
- Daniel Cohen & Pierre Jacquet & Helmut Reisen, 2010. "Loans or Grants?," Working Papers id:3218, eSocialSciences.
- Daniel Cohen & Helmut Reisen, 2007. "Loans o Grants?," Post-Print halshs-00754255, HAL.
- Cohen, Daniel & Reisen, Helmut & Jacquet, Pierre, 2007. "Loans or Grants," CEPR Discussion Papers 6024, C.E.P.R. Discussion Papers.
- Miklós Koren & Silvana Tenreyro, 2007.
"Volatility and Development,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 122(1), pages 243-287.
- Koren, Miklos & Tenreyro, Silvana, 2005. "Volatility and development," LSE Research Online Documents on Economics 5312, London School of Economics and Political Science, LSE Library.
- Miklos Koren & Silvana Tenreyro, 2005. "Volatility and Development," CEP Discussion Papers dp0706, Centre for Economic Performance, LSE.
- Koren, Miklós & Tenreyro, Silvana, 2005. "Volatility and Development," CEPR Discussion Papers 5307, C.E.P.R. Discussion Papers.
- Koren, Miklos & Tenreyro, Silvana, 2005. "Volatility and development," LSE Research Online Documents on Economics 3743, London School of Economics and Political Science, LSE Library.
- Christopher L. Gilbert & Alexandra Tabova, 2005. "Can we link concessional debt service to commodity prices?," Department of Economics Working Papers 0508, Department of Economics, University of Trento, Italia.
- Raymond B Swaray, "undated". "Volatility of primary commodity prices: some evidence from agricultural exports in Sub-Saharan Africa," Discussion Papers 02/06, Department of Economics, University of York.
- Patrick GUILLAUMONT, 2005.
"Macro vulnerability in low income countries and aid responses,"
Working Papers
200530, CERDI.
- Patrick Guillaumont, 2011. "Macro vulnerability in low income countries and aid responses," Working Papers halshs-00570499, HAL.
- Carmen M. Reinhart & Peter Wickham, 1994.
"Commodity Prices: Cyclical Weakness or Secular Decline?,"
IMF Staff Papers, Palgrave Macmillan, vol. 41(2), pages 175-213, June.
- Mr. Peter Wickham & Ms. Carmen Reinhart, 1994. "Commodity Prices: Cyclical Weakness or Secular Decline?," IMF Working Papers 1994/007, International Monetary Fund.
- Reinhart, Carmen & Wickham, Peter, 1994. "Commodity Prices: Cyclical Weakness or Secular Decline?," MPRA Paper 8173, University Library of Munich, Germany.
- Reinhart, Carmen & Wickham, Peter, 1994. "Non-oil commodity prices: Cyclical weakness or secular decline?," MPRA Paper 13871, University Library of Munich, Germany.
- Eduardo Borensztein & Carmen M. Reinhart, 1994.
"The Macroeconomic Determinants of Commodity Prices,"
IMF Staff Papers, Palgrave Macmillan, vol. 41(2), pages 236-261, June.
- Reinhart, Carmen & Borensztein, Eduardo, 1994. "The determinants of commodity prices," MPRA Paper 13870, University Library of Munich, Germany.
- Reinhart, Carmen & Borensztein, Eduardo, 1994. "The Macroeconomic Determinants of Commodity Prices," MPRA Paper 6979, University Library of Munich, Germany.
- Mr. Eduardo Borensztein & Ms. Carmen Reinhart, 1994. "The Macroeconomic Determinants of Commodity Prices," IMF Working Papers 1994/009, International Monetary Fund.
- Christopher L. Gilbert & Alexandra Tabova, 2004. "Commodity prices and debt sustainability," Department of Economics Working Papers 0404, Department of Economics, University of Trento, Italia.
- Cuddington, John T., 1992. "Long-run trends in 26 primary commodity prices : A disaggregated look at the Prebisch-Singer hypothesis," Journal of Development Economics, Elsevier, vol. 39(2), pages 207-227, October.
- Jonathan Eaton & Mark Gersovitz, 1981. "Debt with Potential Repudiation: Theoretical and Empirical Analysis," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 48(2), pages 289-309.
- Mr. Kevin Ross & Mr. R. Brooks & Mr. Robert Powell & Ms. Ydahlia A. Metzgen Quemarez & Ms. Doris C Ross & Mr. Mariano Cortes & Saqib Rizavi & Benoit Ketchekmen & Ms. Francesca Fornasari, 1998. "External Debt Histories of Ten Low-Income Developing Countries: Lessons from Their Experience," IMF Working Papers 1998/072, International Monetary Fund.
- Mr. Bennett W Sutton & Mr. Luis Catão, 2002. "Sovereign Defaults: The Role of Volatility," IMF Working Papers 2002/149, International Monetary Fund.
- Jean-Francois Brun & Gérard Chambas & Bertrand Laporte, 2001. "Stabex versus IMF compensatory financing: impact on fiscal policy," Journal of International Development, John Wiley & Sons, Ltd., vol. 13(5), pages 571-581.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Valentin Lang & David Mihalyi & Andrea F. Presbitero, 2023.
"Borrowing Costs after Sovereign Debt Relief,"
American Economic Journal: Economic Policy, American Economic Association, vol. 15(2), pages 331-358, May.
- Presbitero, Andrea & Mihalyi, David, 2021. "Borrowing Costs after Sovereign Debt Relief," CEPR Discussion Papers 15832, C.E.P.R. Discussion Papers.
- Emmanuel Frot & Javier Santiso, 2008. "Development Aid and Portfolio Funds: Trends, Volatility and Fragmentation," OECD Development Centre Working Papers 275, OECD Publishing.
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.- Daniel Cohen & Thibault Fally & Sébastien Villemot, 2007. "Commodity Funds: How To Fix Them?," OECD Development Centre Policy Briefs 32, OECD Publishing.
- Luis Eduardo Arango & Fernando Arias & Luz Adriana Flórez, 2008.
"Trends, Fluctuations, and Determinants of Commodity Prices,"
Borradores de Economia
521, Banco de la Republica de Colombia.
- Luis Eduardo Arango & Fernando Arias & Luz Adriana Flórez, 2008. "Trends, Fluctuations, and Determinants of Commodity Prices," Borradores de Economia 4734, Banco de la Republica.
- Calvo-Gonzalez, Oscar & Shankar, Rashmi & Trezzi, Riccardo, 2010. "Are commodity prices more volatile now ? a long-run perspective," Policy Research Working Paper Series 5460, The World Bank.
- Cuddington, John T. & Ludema, Rodney & Jayasuriya, Shamila A, 2002.
"Prebisch-Singer Redux,"
Working Papers
15857, United States International Trade Commission, Office of Economics.
- John T. Cuddington & Rodney Ludema & Shamila A Jayasuriya, 2002. "Prebisch-Singer Redux," Working Papers Central Bank of Chile 140, Central Bank of Chile.
- Anubha Dhasmana, 2008. "Welfare Gains of Aid Indexation in Small Open Economies," IMF Working Papers 2008/101, International Monetary Fund.
- Olivier Gervais & Ilan Kolet & René Lalonde, 2010. "A Larger Slice of a Growing Pie: the Role of Emerging Asia in Forecasting Commodity Prices," Money Affairs, CEMLA, vol. 0(1), pages 75-95, January-J.
- Cuddington, John T. & Liang, Hong, "undated".
"Will the Emergence of the Euro Affect World Commodity Prices?,"
WIDER Working Papers
295505, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
- Ms. Hong Liang & Mr. John T. Cuddington, 2000. "Will the Emergence of the Euro Affect World Commodity Prices?," IMF Working Papers 2000/208, International Monetary Fund.
- John T. Cuddington & Hong Liang, 2000. "Will the Emergence of the Euro Affect World Commodity Prices?," WIDER Working Paper Series wp-2000-178, World Institute for Development Economic Research (UNU-WIDER).
- John T. Cuddington & Hong Liang, 2000. "Will the Emergence of the Euro Affect World Commodity Prices?," Working Papers 00-01, Georgetown University, Department of Economics.
- René Lalonde & Zhenhua Zhu & Frédérick Demers, 2003.
"Forecasting and Analyzing World Commodity Prices,"
Money Affairs, CEMLA, vol. 0(1), pages 1-30, January-J.
- René Lalonde & Zhenhua Zhu & Frédérick Demers, 2003. "Forecasting and Analyzing World Commodity Prices," Staff Working Papers 03-24, Bank of Canada.
- Dwight S. Jackson, 2010. "The Dynamics of Bank Spreads in the Jamaican Banking Sector: an Empirical Assessment," Money Affairs, CEMLA, vol. 0(1), pages 1-35, January-J.
- André Varella Mollick & João Ricardo Faria & Pedro H. Albuquerque & Miguel A. León-Ledesma, 2008.
"Can globalisation stop the decline in commodities' terms of trade?,"
Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 32(5), pages 683-701, September.
- Andre Varella Mollick & Joao Ricardo Faria & Pedro H. Albuquerque & Miguel A. Leon-Ledesma, 2005. "Can Globalisation Stop the Decline in Commodities' Terms of Trade? The Prebisch-Singer Hypothesis Revisited"," Studies in Economics 0510, School of Economics, University of Kent.
- André Varella Mollick & João Ricardo Faria & Pedro Albuquerque & Miguel A. León-Ledesma, 2008. "Can Globalisation Stop the Decline in Commodities' Terms of Trade?," Post-Print halshs-00746269, HAL.
- Serge Calabre, 2003. "La dynamique des prix et des marchés de matières premières : analyses univariées versus faits stylisés analytiques," Mondes en développement, De Boeck Université, vol. 122(2), pages 21-35.
- Walter Labys, 2005. "Commodity Price Fluctuations: A Century of Analysis," Working Papers Working Paper 2005-01, Regional Research Institute, West Virginia University.
- Pablo Pincheira, 2010.
"A Real Time Evaluation of the Central Bank of Chile GDP Growth Forecasts,"
Money Affairs, CEMLA, vol. 0(1), pages 37-73, January-J.
- Pablo Pincheira, 2010. "A Real Time Evaluation of the Central Bank of Chile GDP Growth Forecasts," Working Papers Central Bank of Chile 556, Central Bank of Chile.
- Kausik Chaudhuri, 2001. "Long-run prices of primary commodities and oil prices," Applied Economics, Taylor & Francis Journals, vol. 33(4), pages 531-538.
- Scandizzo, Pasquale Lucio & Savastano, Sara & Vezzani, Antonio, 2010. "The deterministic and speculative component of the terms of trade of primary commodities: An “Eclectic” Real Option value approach," 114th Seminar, April 15-16, 2010, Berlin, Germany 61086, European Association of Agricultural Economists.
- Ahmad R. Jalali‐Naini & Mehdi Asali, 2004. "Cyclical behaviour and shock‐persistence: crude oil prices," OPEC Energy Review, Organization of the Petroleum Exporting Countries, vol. 28(2), pages 107-131, June.
- Tapia, Carlos & Coulton, Jeff & Saydam, Serkan, 2020. "Using entropy to assess dynamic behaviour of long-term copper price," Resources Policy, Elsevier, vol. 66(C).
- Pop Larisa Nicoleta, 2015. "Examining The Price Volatility On Agricultural Markets – Challenges And Implications Of The Current Economic Outline," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 15-20, June.
- José Antonio Ocampo & María Angela Parra, 2004. "The commodity terms of trade and their strategic implications for development," International Trade 0403001, University Library of Munich, Germany.
- Bilge Erten, 2010. "Industrial Upgrading and Export Diversification: A Comparative Analysis of Economic Policies in Turkey and Malaysia," Working Papers id:2778, eSocialSciences.
More about this item
Keywords
chocs d’exportations; export Shocks; low income countries; Pays Pauvres; Prêts Concessionnels; Soft Loan;All these keywords.
JEL classification:
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- F34 - International Economics - - International Finance - - - International Lending and Debt Problems
- F35 - International Economics - - International Finance - - - Foreign Aid
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DEV-2008-04-21 (Development)
Statistics
Access and download statisticsCorrections
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:oec:devaaa:269-en. 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: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/dcoecfr.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.