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Environmental science and pollution research international, 2021
Darlington Uzoma Akam +3 more
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Darlington Uzoma Akam +3 more
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Mortgage Debt and Social Externalities
SSRN Electronic Journal, 2014I analyse the implications of social status concerns on debt holdings at individual and aggregate level, in a partial equilibrium life-cycle framework with heterogeneous agents. The focal point of the analysis is the explicit consideration of durable goods, in their triple role as a part of utility, a collateralizable portion of life-time wealth and a ...
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1989
Prophecy that the external debt of developing countries would bring about an economic crisis and the collapse of the international monetary system have not been fulfilled. Nor has anything in fact happened as to the predictions that the debt crisis would be solved by a self-correcting market mechanism. In fact, the external debt of developing countries
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Prophecy that the external debt of developing countries would bring about an economic crisis and the collapse of the international monetary system have not been fulfilled. Nor has anything in fact happened as to the predictions that the debt crisis would be solved by a self-correcting market mechanism. In fact, the external debt of developing countries
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The external debt‐inflation nexus in Egypt
Journal of Public Affairs, 2021H. Helmy
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Optimal External Debt and Default [PDF]
, 2007 This paper analyses whether sovereign default episodes can be seen as contingencies of optimal international lending contracts. The model considers a small open economy with capital accumulation and without commitment to repay debt. Taking first order approximations of Bellman equations, I derive analytical expressions for the equilibrium level of debt
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