Foreign Loans and Economic Performance
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Product details
- ISBN 9780275912352
- Publication Date: 15 Jul 1984
- Publisher: Bloomsbury Publishing Plc
- Publication City/Country: US
- Product Form: Hardback
Scholars and many practitioners in the fields of finance and economics now agree that the ultimate objective of financing, whether debt or equity, is to maximize wealth. This paradigm should hold true whether it applies to financing of a micro-entity like a company, or a cacro-entity like a country. Drawing on such a premise, this book examines whether debt financing in the form of foreign loans has led to more wealth in the case of the less developed countries.
