Bank Lending to Developing Countries and Possible Solutions to International Debt Problems

Bank lending to developing countries and possible solutions to international debt problems

Debt management and crisis in developing countries

Debt management policy for governments of developing countries must balance conflicting objectives. The structure of explicit and implicit government debt influences the amount of lending private creditors are willing to extend, contractual debt service costs, the probability of default and the costs of default. Because default is not relevant for governments of industrial countries, their debt...

International Health Problems Related to Alcohol Abuse

The harmful use of alcohol inflicts great deal of social and economic losses on individuals and societies. Given the increase in world population and the predicted increase in alcohol consumption, the alcohol related burden of disease progressively catches higher ranks in the list of factors threatening humans' life. It has been considered that the social and economic burden related to alcohol ...

Approaches to Corruption in the Developing Countries

This article mainly seeks to provide a framework to help us reach a better understanding of the nature, causes and grounds of increasing administrative corruption in developing countries. In this regard, the author identifies six approaches to administrative corruption and surveys issues related to the rise of corruption within these context. These approaches include cost-benefit, relative depr...

Bank Lending and Property Prices: Some International Evidence*

Over the last two decades, bank lending has been closely correlated with property prices in both industrialised and developing countries. From previous empirical studies it is not clear whether these cycles were driven by property prices or lending. In this study I analyse the direction of causality between bank lending and property prices in 16 industrialised countries over the last two decade...