Financing Economic Reform: Domestic Adjustment and External Resources.

Many newly emerging markets need to increase resources available for investment. The first section of this paper shows that government deficits reduce national saving and growth. Furthermore, greater reliance in inflationary finance, financial repression and foreign borrowing as ways for financing any given deficits are generally not conducice to savingand impedes economic developmenteven more.

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Year of publication:	1996
Authors:	Fry, M.
Institutions:	University of Birmingham - International Financial Group
Subject:	INVESTMENTS \| FINANCIAL MARKET

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Series:	University of Birmingham - International Financial Group.
Type of publication:	Book / Working Paper
Notes:	39 pages
Classification:	F21 - International Investment; Long-Term Capital Movements ; F32 - Current Account Adjustment; Short-Term Capital Movements
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005669965