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Factors Determining External Debt

An Intertemporal Study

  • Book
  • © 1988

Overview

Authors:
  1. Gerhard Rübel

    1. Fakultät für Volkswirtschaftslehre und Statistik, Universität Mannheim, Mannheim, Germany

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Part of the book series: Studies in Contemporary Economics (CONTEMPORARY)

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About this book

Against the background of the international debt problem which originated with the oil shocks of the seventies, this book undertakes a theoretical analysis of the factors determining aggregate external debt, using the example of a raw material importing country. Instead of the usual static definition of the trade balance as the difference between the value of exports and imports in a single period, here an intertemporal approach is used with a country's current account balance determined as the difference between aggregate saving and aggregate net investment, variables which are primarily dependent on expectations about the future. The analysis is based on microeconomic optimization models which enables individual causal relationships to be presented in a detailed way, the "optimal" size of external debt to be determined and the desirability of an immediate adjustment in the level of debt following an external disturbance to be shown from a welfare point of view.

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Table of contents (7 chapters)

  1. Front Matter

    Pages I-VI
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  2. Introduction

    • Gerhard Rübel
    Pages 1-5

  3. External Debt and the Balance on Current Account

    • Gerhard Rübel
    Pages 6-22

  4. The Determinants of External Debt — The Basic Model of a Small Open Economy

    • Gerhard Rübel
    Pages 23-73

  5. Non-traded Goods and the Balance on Current Account

    • Gerhard Rübel
    Pages 74-110

  6. External Debt in General Equilibrium Models

    • Gerhard Rübel
    Pages 111-191

  7. An Extended Planning Horizon

    • Gerhard Rübel
    Pages 192-227

  8. Conclusion

    • Gerhard Rübel
    Pages 228-236

  9. Back Matter

    Pages 237-264
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Authors and Affiliations

  • Fakultät für Volkswirtschaftslehre und Statistik, Universität Mannheim, Mannheim, Germany

    Gerhard Rübel

Bibliographic Information

  • Book Title: Factors Determining External Debt

  • Book Subtitle: An Intertemporal Study

  • Authors: Gerhard Rübel

  • Series Title: Studies in Contemporary Economics

  • DOI: https://doi.org/10.1007/978-3-642-83655-8

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 1988

  • Softcover ISBN: 978-3-540-50504-4Published: 09 November 1988

  • eBook ISBN: 978-3-642-83655-8Published: 06 December 2012

  • Series ISSN: 1431-8806

  • Edition Number: 1

  • Number of Pages: VI, 265

  • Topics: International Economics

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