The dynamics and economic impact of foreign debt in South Africa

Doctoral thesis OPEN
(2010)
  • Subject: External debts | Economic conditions (South Africa) | Foreign economic relations

D.Comm. Foreign debt affects the economy through three main channels, namely: the debt overhang effect, the liquidity constraint effect and the uncertainty effect. The main aim of this study is to derive an optimal level of foreign debt relative to Gross Domestic Pro... View more
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