1,851
Views
6
CrossRef citations to date
0
Altmetric
Research Article

Macro-determinants of short-term foreign debt in Ghana

, , & | (Reviewing editor)
Article: 1630161 | Received 05 Dec 2018, Accepted 28 May 2019, Published online: 20 Jun 2019

References

  • Balta, N., Fernandez, I. V., & Ruscher, E. (2013, June). Assessing the impact of uncertainty on consumption and investment. Quarterly Report on the Euro Area, 12(2), 7–17.
  • Broner, A., Lorenzoni, G., & Scmukler, S. L. 2004. Why do emerging economies borrow short term? Policy Research Working Paper Series 3389. Washington, D.C: The World Bank.
  • Broner, A., Lorenzoni, G., & Scmukler, S. L. (2013). Why do emerging economies borrow short term? Journal of European Economic Association, 11(S1), 67–100. doi:10.1111/j.1542-4774.2012.01094.x
  • Buch, C., & Lusinyan, L. 2000. Determinants of short-term debt. Kiel Working Paper No. 994. Kiel Institute of World Economics, Kiel.
  • Buch, C., & Lusinyan, L. (2003). Determinants of short-term debt: A note. Journal of International Financial Markets, Institutions, and Money, 13, 157–170. doi:10.1016/S1042-4431(02)00042-2
  • Cárdenas, M., & Barreras, F. (1997). On the effectiveness of capital controls: The experience of Colombia during the 1990s. Journal of Development Economics, 54, 27–57. doi:10.1016/S0304-3878(97)00028-X
  • Dasgupta, D., & Ratha, D. 2000. What factors appear to drive private capital flows to developing countries? And how does official lending respond? World Bank Working Paper No. 2392. Washington, D.C: World Bank.
  • Furman, J., & Stiglitz, J. E. (1998). Economic crises: Evidence and insights from East Asia. Brookings Papers on Economic Activity, 2, 1–135. doi:10.2307/2534693
  • Granger, C. W. J., & Hyung, N. (2004). Occasional structural breaks and long memory with an application to the S&P 500 absolute stock returns. Journal of Empirical Finance, 11, 399–421. doi:10.1016/j.jempfin.2003.03.001
  • International Monetary Fund. (2008a, April). Regional economic outlook: Sub-Saharan Africa. In World economic and financial surveys. Washington, D.C.
  • International Monetary Fund. 2008b. Ghana: Selected issues. IMF Country Report No. 08/332. Washington, D.C: Author.
  • Ishii, S., & Habermeier, K. 2002. Capital account liberalization and financial sector stability. IMF Occasional Paper 211. Washington, D.C: International Monetary Fund.
  • Johansen, S., & Juselius., K. (1990). Maximum likelihood estimation and inference on cointegration – With application to the demand for money. Oxford Bulletin of Economics and Statistics, 52, 169–210. doi:10.1111/j.1468-0084.1990.mp52002003.x
  • Johnston, J., & DiNardo, J. (1997). Econometric methods (4th ed.). Columbus: McGraw-Hill publishers
  • Kose, M. A., & Prasad, E. (2010, November). Emerging markets: Resilience and growth amid global turmoil. Washintin, D.C.: Brookings Institution.
  • MacKinnon, J. G. (1996). Numerical distribution functions for unit root and cointegration tests. Journal of Applied Econometrics, 11, 601–618. doi:10.1002/(ISSN)1099-1255
  • Makin, A. J. (2004, March). Decomposing interest rate differentials: An international borrowing and lending approach. Journal of Economic Integration, 19(1), 192–203. doi:10.11130/jei.2004.19.1.192
  • Mama, A. T. (2008, December). On the maturity structure of foreign debt contracts in emerging countries. Choice of contract maturity with applications to international and mortgage lending, Thesis presented to the Faculty of Social Sciences for the award of PhD in Economic Sciences, Chapter 3(pp. 62–89). Canada: University of Montreal.
  • Pesaran, B., & Pesaran, H. M. (2009). Time series econometrics using microfit 5.0. Oxford: Oxford University Press.
  • Pesaran, H. M., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Econometrics, 16, 289–326. doi:10.1002/jae.616
  • Rana, P. B. 1998. Controls on short-term capital inflows – the Latin American experience and lessons for DMCs. EDRC Briefing Notes 2, September (Asian Development Bank Economics and Development Resource Centre).
  • Rodrik, D., & Velasco, A. 1999. Short-term capital flows. NBER Working Paper 7364. National Bureau of Economic Research (NBER), Cambridge, MA.
  • Schmukler, S., & Vesperoni, E. (2006). Financial globalization and debt maturity in emerging economies. Journal of Development Economics, 79, 183–207. doi:10.1016/j.jdeveco.2004.12.006
  • Tambunan, T., & Indonesia, K. (2006). Trade and debt interlinkages: What are the real problems in Indonesia? Retrieved from www.kadinindonesia.or.id/en/doc/opini/Trade_And_Debt_Interlinkages.pdf
  • Verma, R., & Prakash, A. 2011. Sensitivity of capital flows to interest rate differentials: An empirical assessment for India. RBI Working Paper WPS(DEPR): 7/2011. Reserve Bank of India, Mumbai. May.
  • Zafar, S., & Butt, M. S. 2008. Impact of trade liberalization on external debt burden: Econometric evidence from Pakistan. MPRA Paper No. 9548. Munich: Personal RePEc Archive.