The Resource Debt Accumulation in the CIS-7 Countries : Bad Luck, Bad Policies, or Bad Advice, Mody, Ashoka

Debt Accumulation in the CIS-7 Countries : Bad Luck, Bad Policies, or Bad Advice, Mody, Ashoka

Label
Debt Accumulation in the CIS-7 Countries : Bad Luck, Bad Policies, or Bad Advice
Title
Debt Accumulation in the CIS-7 Countries
Title remainder
Bad Luck, Bad Policies, or Bad Advice
Statement of responsibility
Mody, Ashoka
Creator
Contributor
Subject
Language
eng
Summary
Following the breakup of the Soviet Union in 1992, several low-income countries in the Commonwealth of Independent States (CIS) accumulated substantial external debt in a short time span, about half of which is owed to multilateral financial institutions. Three factors contributed to the current debt burden. First, the initial years of transition brought large systemic economic disruptions, loss of transfers from the center and collapse of trade relations among Council for Mutual Economic Assistance (CMEA) countries, and negative terms of trade shocks. Second, fiscal and other reforms, and consequently, growth revival, took longer than expected. Third, overoptimism by multilaterals contributed to the high debt levels. If external financial assistance, which was needed because of high social costs of the transition, had come in the form of grants in the first two or three years of the transition, the debt burden would have been lower and sustainable
Related
Cataloging source
CEF
Dewey number
336.3435
Government publication
international or intergovernmental publication
Index
index present
LC call number
HG3881.5.I58
Literary form
non fiction
Nature of contents
dictionaries
Label
Debt Accumulation in the CIS-7 Countries : Bad Luck, Bad Policies, or Bad Advice, Mody, Ashoka
Publication
Note
Available in PDF, ePUB, and Mobi formats on the Internet
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn815735723
Dimensions
unknown
Extent
1 online resource (42 pages)
Form of item
online
Isbn
9781451897531
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b37165537
Specific material designation
remote
System control number
  • (OCoLC)815735723
  • imf1451897537

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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