Hostname: page-component-6bb9c88b65-6scc2 Total loading time: 0 Render date: 2025-07-19T11:49:19.176Z Has data issue: false hasContentIssue false
  • English
  • Français

Projecting Debt Servicing Capacity of Developing Countries

Published online by Cambridge University Press:  06 April 2009

Gershon Feder ,
Richard Just  and
Knud Ross
Get access Rights & Permissions [Opens in a new window]

Extract

Analysis of the growth record of many economies indicates that foreign capital is an important factor in the process of economic development. For many developing countries, a continuing flow of foreign funds is necessary if desired growth targets are to be achieved. These funds are most likely to be in the form of loans rather than grants. This link between economicdevelopment and debt accumulation manifested itself in the enormous growth of less developed countries’ (LDCs) external indebtedness in recent years, especially after the oil crisis of 1973.

Information

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 16 , Issue 5 , December 1981 , pp. 651 - 669
Copyright
Copyright © School of Business Administration, University of Washington 1981

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Article purchase

Temporarily unavailable

References

REFERENCES

[1]Bitterman, H. J.The Refunding of International Debt. Durham, N.C. (1973).Google Scholar
[2]Brackenridge, B. “Evaluating Country Credits.” Institutional Investor (06 1977), pp. 13–16.Google Scholar
[3]Dizard, J. “The Revolution in Assessing Country Risk.” Institutional Investor (10 1978), pp. 65–76.Google Scholar
[4]Feder, G., and Just, R.. “A Study of Debt Servicing Capacity Applying Logit Analysis.” Journal of Development Economics (07 1977), pp. 25–39.CrossRefGoogle Scholar
[5]Feder, G., and Just, R.. “Credit Crisis in Increasingly Pessimistic International Finance: The Case of Egyptian Credit, 1862–1876.” University of California (06 1980).Google Scholar
[6]Frank, C. R., and Cline, W. R.. “Measurement of Debt Servicing Capacity: An Application of Discriminant Analysis.” Journal of International Economics (03 1971), pp. 327–344.Google Scholar
[7]Goodman, S. “How the Big U.S. Banks Really Evaluate Sovereign Risk.” Euromoney (02 1977), pp. 105–110.Google Scholar
[8]Mayo, A. L., and Barrett, A. G.. “An Early Warning Model for Assessing Developing Country Risk.” In Financing and Risk in Developing Countries: Proceedings of a Symposium on Developing Countries’ Debt, Goodman, S. J., ed. Washington, D.C.: Ex-Im Bank (1977), pp. 91–107.Google Scholar
[9]McFadden, D. “Conditional Logit Analysis and Qualitative Choice Behaviour.” In Frontiers in Econometrics, Zarembka, P., ed. New York: Academic Press (1973), pp. 105–142.Google Scholar
[10]McFadden, D.. “Quantal Choice Analysis, A Survey.” Annals of Economic and Social Measurement, Vol. 5 (1976a), pp. 363–390.Google Scholar
[11]McFadden, D.. “A Comment on Discriminant Analysis ‘versus’ Logit Analysis.” Annals of Economic and Social Measurement, Vol. 5 (1976b), pp. 511–523.Google Scholar
[12]Puz, R. “How to Find Out When a Sovereign Borrower Slips from A-l to C-3.” Euromoney (12 1977), pp. 65–68.Google Scholar
[13]Sargen, N. “Use of Economic Indicators and Country Risk Appraisal.” Economic Review of the Federal Reserve Bank of San Francisco (Fall 1977), pp. 19–35.Google Scholar
[14]Smith, G. W.The External Debt Prospects of the Non-Oil-Exporting Developing Countries, an Econometric Analysis. Overseas Development Council NIEO, Series No. 10 (1977).Google Scholar
[15]van-Agtmael, A. “Evaluating the Risks of Lending to Developing Countries.” Euromoney (04 1976), pp. 16–30.Google Scholar