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Foreign Loans and Economic Performance - The Experience of the Less Developed Countries (Hardcover): Ehsan Nikbaht Foreign Loans and Economic Performance - The Experience of the Less Developed Countries (Hardcover)
Ehsan Nikbaht
R2,138 Discovery Miles 21 380
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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.

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