Analysis of compensatory financing schemes for export earnings fluctuations in developing countries
Autor: | Thomas K. Morrison, Lorenzo Perez |
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Rok vydání: | 1976 |
Předmět: | |
Zdroj: | World Development. 4:687-694 |
ISSN: | 0305-750X |
DOI: | 10.1016/0305-750x(76)90049-8 |
Popis: | Several recent initiatives in the area of compensatory financing have pushed this issue into the forefront of discussion between developed and developing countries. This study performs simulations of various types of compensatory financing schemes assuming they had been in operation during the 1960s and early 1970s and draws some conclusions with respect to the relative costs and benefits of such schemes and with respect to their coutry and regional distribution. The results show that a compensatory financing scheme broadly defined is a flexible financial instrument which can be useful in helping developing countries with export instability problems. |
Databáze: | OpenAIRE |
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