Exchange rate and balance of payment crisis risks in the global development finance architecture

Autores
Schclarek Curutchet, Alfredo; Xu, Jiajun
Año de publicación
2020
Idioma
inglés
Tipo de recurso
documento de conferencia
Estado
versión publicada
Descripción
Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
Fil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas.
Fil: Xu, Jiajun. Peking University. Institute of New Structural Economics; China.
We analyze the exchange rate and balance of payment crisis risks when MDBs lend, in hard currency, to NDBs, for NDBs to onlend to investment projects. Investment projects maybe "export-enhancing" (EXIPs), which generate hard currency (for example, building a port or developing export agriculture), or "domestic-oriented" (DOIPs), which don´t generate hard currency (for example, a solar farm or a sewage system). If MDBs want to increase the proportion of onlending to DOIPs, they need to increase their refinancing to NDBs, and allow more time to pay back the loans. Further, MDBs need to reduce the interest rate charged on NDBs. In addition, high return EXIPs need to be financed to increase the supply of hard currency.
Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
Fil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas.
Fil: Xu, Jiajun. Peking University. Institute of New Structural Economics; China.
Economía, Econometría
Materia
Inequality
Climate variability
Indonesia
Vietnam
Nivel de accesibilidad
acceso abierto
Condiciones de uso
Repositorio
Repositorio Digital Universitario (UNC)
Institución
Universidad Nacional de Córdoba
OAI Identificador
oai:rdu.unc.edu.ar:11086/558954
Acceder
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oai_identifier_str oai:rdu.unc.edu.ar:11086/558954
network_acronym_str RDUUNC
repository_id_str 2572
network_name_str Repositorio Digital Universitario (UNC)
spelling Exchange rate and balance of payment crisis risks in the global development finance architectureSchclarek Curutchet, AlfredoXu, JiajunInequalityClimate variabilityIndonesiaVietnamhttps://purl.org/becyt/ford/5.2Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.Fil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas.Fil: Xu, Jiajun. Peking University. Institute of New Structural Economics; China.We analyze the exchange rate and balance of payment crisis risks when MDBs lend, in hard currency, to NDBs, for NDBs to onlend to investment projects. Investment projects maybe "export-enhancing" (EXIPs), which generate hard currency (for example, building a port or developing export agriculture), or "domestic-oriented" (DOIPs), which don´t generate hard currency (for example, a solar farm or a sewage system). If MDBs want to increase the proportion of onlending to DOIPs, they need to increase their refinancing to NDBs, and allow more time to pay back the loans. Further, MDBs need to reduce the interest rate charged on NDBs. In addition, high return EXIPs need to be financed to increase the supply of hard currency.Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.Fil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas.Fil: Xu, Jiajun. Peking University. Institute of New Structural Economics; China.Economía, Econometríahttps://orcid.org/0000-0001-9067-13232020-11info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdf2492-2846http://hdl.handle.net/11086/558954enghttps://www.afd.fr/sites/afd/files/2020-11-12-17-53/exchange-rate-balance-payment-risks-development-finance.pdfinfo:eu-repo/semantics/openAccessreponame:Repositorio Digital Universitario (UNC)instname:Universidad Nacional de Córdobainstacron:UNC2025-11-27T08:35:19Zoai:rdu.unc.edu.ar:11086/558954Institucionalhttps://rdu.unc.edu.ar/Universidad públicaNo correspondehttp://rdu.unc.edu.ar/oai/snrdoca.unc@gmail.comArgentinaNo correspondeNo correspondeNo correspondeopendoar:25722025-11-27 08:35:19.865Repositorio Digital Universitario (UNC) - Universidad Nacional de Córdobafalse
dc.title.none.fl_str_mv Exchange rate and balance of payment crisis risks in the global development finance architecture
title Exchange rate and balance of payment crisis risks in the global development finance architecture
spellingShingle Exchange rate and balance of payment crisis risks in the global development finance architecture
Schclarek Curutchet, Alfredo
Inequality
Climate variability
Indonesia
Vietnam
title_short Exchange rate and balance of payment crisis risks in the global development finance architecture
title_full Exchange rate and balance of payment crisis risks in the global development finance architecture
title_fullStr Exchange rate and balance of payment crisis risks in the global development finance architecture
title_full_unstemmed Exchange rate and balance of payment crisis risks in the global development finance architecture
title_sort Exchange rate and balance of payment crisis risks in the global development finance architecture
dc.creator.none.fl_str_mv Schclarek Curutchet, Alfredo
Xu, Jiajun
author Schclarek Curutchet, Alfredo
author_facet Schclarek Curutchet, Alfredo
Xu, Jiajun
author_role author
author2 Xu, Jiajun
author2_role author
dc.contributor.none.fl_str_mv https://orcid.org/0000-0001-9067-1323
dc.subject.none.fl_str_mv Inequality
Climate variability
Indonesia
Vietnam
topic Inequality
Climate variability
Indonesia
Vietnam
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.2
dc.description.none.fl_txt_mv Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
Fil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas.
Fil: Xu, Jiajun. Peking University. Institute of New Structural Economics; China.
We analyze the exchange rate and balance of payment crisis risks when MDBs lend, in hard currency, to NDBs, for NDBs to onlend to investment projects. Investment projects maybe "export-enhancing" (EXIPs), which generate hard currency (for example, building a port or developing export agriculture), or "domestic-oriented" (DOIPs), which don´t generate hard currency (for example, a solar farm or a sewage system). If MDBs want to increase the proportion of onlending to DOIPs, they need to increase their refinancing to NDBs, and allow more time to pay back the loans. Further, MDBs need to reduce the interest rate charged on NDBs. In addition, high return EXIPs need to be financed to increase the supply of hard currency.
Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
Fil: Schclarek Curutchet, Alfredo. Consejo Nacional de Investigaciones Científicas y Técnicas.
Fil: Xu, Jiajun. Peking University. Institute of New Structural Economics; China.
Economía, Econometría
description Fil: Schclarek Curutchet, Alfredo. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
publishDate 2020
dc.date.none.fl_str_mv 2020-11
dc.type.none.fl_str_mv info:eu-repo/semantics/conferenceObject
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_5794
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format conferenceObject
status_str publishedVersion
dc.identifier.none.fl_str_mv 2492-2846
http://hdl.handle.net/11086/558954
identifier_str_mv 2492-2846
url http://hdl.handle.net/11086/558954
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://www.afd.fr/sites/afd/files/2020-11-12-17-53/exchange-rate-balance-payment-risks-development-finance.pdf
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
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collection Repositorio Digital Universitario (UNC)
instname_str Universidad Nacional de Córdoba
instacron_str UNC
institution UNC
repository.name.fl_str_mv Repositorio Digital Universitario (UNC) - Universidad Nacional de Córdoba
repository.mail.fl_str_mv oca.unc@gmail.com
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