Projecting Debt Servicing Capacity of Developing Countries

摘要: This article, Projecting Debt Servicing Capacity of Developing Countries, was reprinted with permission from the December 1981 issue Journal Financial and Quantitative Analysis. Many less developed countries rely on foreign loans to fuel their economic development. In wake oil crisis 1973, many have experienced enormous growth in external indebtedness. Some required loan deferral or rearrangement. article aims devise an empirically based composite indicator a country's ability willingness honor its debt service obligations during some future time period. The examined factors are ratio, exchange reserves imports ratio net noncommercial inflows payments, commercial exports gross national product real per capita U.S. ratio. model projects servicing capacity empirical data. predictive is intended complement, not replace, thorough country analysis which examines nonquantifiable factors.