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dc.contributor.author
Schclarek Curutchet, Alfredo
dc.contributor.author
Xu, Jiajun
dc.date.available
2023-06-26T17:58:21Z
dc.date.issued
2022-07
dc.identifier.citation
Schclarek Curutchet, Alfredo; Xu, Jiajun; Exchange rate and balance of payment crisis risks in the global development finance architecture; Elsevier; Journal of International Financial Markets, Institutions and Money; 79; 7-2022; 1-19
dc.identifier.issn
1042-4431
dc.identifier.uri
http://hdl.handle.net/11336/201571
dc.description.abstract
We analyze exchange rate and balance of payment crisis constraints when multilateral development banks (MDBs) lend, in hard currency, to national development banks (NDBs), for NDBs to onlend to investment projects. Investment projects may be “export-enhancing” (EXIPs), which generate hard currency, or “domestic-oriented” (DOIPs), which do not generate hard currency. To increase the proportion of onlending to DOIPs, MDBs should increase their refinancing to NDBs. Furthermore, MDBs have to reduce the interest rate charged on NDBs. In addition, high return EXIPs need to be financed, and more locally-produced supplies, in contrast with imported supplies, should be fostered.
dc.format
application/pdf
dc.language.iso
eng
dc.publisher
Elsevier
dc.rights
info:eu-repo/semantics/openAccess
dc.rights.uri
https://creativecommons.org/licenses/by-nc-nd/2.5/ar/
dc.subject
BALANCE OF PAYMENT CRISIS RISK
dc.subject
DEVELOPMENT BANKS
dc.subject
EXCHANGE RATE RISK
dc.subject
EXPORT-ENHANCING
dc.subject
REFINANCING
dc.subject.classification
Economía, Econometría
dc.subject.classification
Economía y Negocios
dc.subject.classification
CIENCIAS SOCIALES
dc.title
Exchange rate and balance of payment crisis risks in the global development finance architecture
dc.type
info:eu-repo/semantics/article
dc.type
info:ar-repo/semantics/artículo
dc.type
info:eu-repo/semantics/publishedVersion
dc.date.updated
2023-06-26T13:46:38Z
dc.journal.volume
79
dc.journal.pagination
1-19
dc.journal.pais
Países Bajos
dc.description.fil
Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas. Departamento de Economía; Argentina. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - Córdoba; Argentina
dc.description.fil
Fil: Xu, Jiajun. Peking University; China
dc.journal.title
Journal of International Financial Markets, Institutions and Money
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/doi/http://dx.doi.org/10.1016/j.intfin.2022.101574
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/url/https://www.sciencedirect.com/science/article/pii/S1042443122000580
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