Lloyd-Ellis, H., McKenzie, G.W. and Thomas, S.H.
Using country balance sheet data to predict debt rescheduling.
Economics Letters, 31, (2), . (doi:10.1016/0165-1765(89)90194-8).
Full text not available from this repository.
In this study we utilise data relating to the balance sheets of developing countries (e.g. short-term debt) in a logit model of debt rescheduling. We find that such variables are theoretically and empirically superior to those conventionally used (such as debt-export ratios). The study is based upon an annual sample of 27 countries for 1977–1981 and a six-monthly data set involving 59 countries from 1977–1985.
Actions (login required)