WEEK 09 (Lecture outline)

WEEK 09 (Lecture outline) - 2 Oil shocks Developing...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
DEVELOPMENT ECONOMICS ECOS 3002 Second Semester, 2010 Week 9: Balance of Payments, Debt, Stabilisation & Development The Balance of Payments Account: General Considerations Balance of payments (BOP) –Current Account –Capital Account Inflow Outflow Amortisation Cash Account or International Reserve Account (Table 13.2) (Table 13.1) (Table 13.3) Trends in LDC Balance of Payments (Table 13.4) (Table 13.5) Financing and Reducing Payments Deficits
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Some initial policy issues Restrictive fiscal and monetary policies Special drawing rights (SDRs) The Debt Crisis of the 1980s External debt Debt service Basic transfer (Equation 13.1) (Equation 13.2) Origins of the Debt Crisis (Figure 13.1) (Table 13.6) Debt-servicing obligations and payments difficulty
Background image of page 2
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 2 Oil shocks Developing countries options IMF Stabilisaion Policies to Counter Macroeconomic Instability Basic components of IMF stabilisation program IMF stabilisation policies & their critics IMF stabilisation policies & tactics for debt relief Debtors cartel Restructuring Brady plan Debt for equity swaps Debt for nature swaps Debt repudiation Odious Debt and its Prevention What is odious debt? 3 LDC Debt Problems: Resolution and Continued Vulnerabilities (Table 13.6) (Figure 13.2) Highly indebted poor countries (HIPCs) Some progress but vulnerabilities remain 4...
View Full Document

This note was uploaded on 08/22/2011 for the course FINC 2011 taught by Professor Craigmellare during the Three '10 term at University of Sydney.

Page1 / 4

WEEK 09 (Lecture outline) - 2 Oil shocks Developing...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online