Grants Versus Loans /
Under what conditions should grants be preferred to loans? To answer this question, we present a simple model à la Krugman (1988) and show that, for any given level of developmental assistance, the optimal degree of loan concessionality is positively associated with economic growth if countries are...
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| Format: | Book |
| Language: | English |
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Washington, D.C. :
International Monetary Fund,
2004
Washington, D.C. : 2004 |
| Series: | IMF Working Papers ;
Working Paper No. 04/161 IMF Working Papers ; Working Paper no. 04/161 IMF Working Papers; Working Paper ; No. 2004/161 IMF eLibrary |
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