The politics of the executive, legislative veto players and foreign debt

Abstract

Purpose The purpose of this paper is to examine a curvilinear effect of legislative constraints on foreign debt. Design/methodology/approach A cross-sectional, time-series data analysis of 68 developing countries during the period from 1981 to 1999 was performed. Findings Foreign borrowing is most likely to increase at both low and high levels of legislative constraints, while it is most likely to decrease at moderate levels. Originality/value The paper is a first-cut empirical analysis of a curvilinear relationship between legislative constraints and foreign debt.

Dynamic Forecasting of Government Foreign Debt: Case of Indonesia

“…In the beginning of 1980s and 1990s, many the emerging markets had extremely high amounts of foreign debt and the possibility of default (Choi & Luo, 2019). Culpeper & Kappagoda (2016) state that the impact of the financial crisis in many Asian countries in the late 1990s raised awareness about issues on the accumulation of domestic debt, short-run debt and private debt that are not guaranteed.…”