This study examined the relationship between the growth in the external debt level of a country and selected macroeconomic measures of economic activity in that country. The research performed in the conduct of this examination was a combination of a literature review and quantitative analysis.
The first chapter of this study reviews the theoretical literature relative to the effect on the external debt levels of developing countries of changes in the international currency exchange value of the United States (US) dollar. Major concepts and theories considered in this chapter include capital mobility, the international transmission of inflation, and the international linkage of economies.
The second chapter of this study reviews the empirical literature relevant to external debt in the international economy. Major areas of interest addressed in this chapter are the status of external debt in the international economy, the origins of the international external debt crisis, the role of the International Monetary Fund in the development of the international external debt crisis, and the effects of the international external debt crisis on the economies of the US and Colombia.
The third chapter of this study reviews literature specific to the economy of Colombia. Statistics relevant to the Colombian economy are presented in this chapter, together with a description and an assessment of the functioning of the Colombian economy during the 1980 1990 period.
The fourth chapter of this study presents an assessment of the relationship between the growth in the external debt levels of Colombia and selected macroeconomic measures of economic activity in Colombia. The fifth chapter of this study summarizes the study findings and presents the conclusions drawn from those findings.
THE RELATIONSHIP BETWEEN EXTERNAL DEBT GROWTH AND MACROECONOMIC MEASURES: THE CASE OF COLOMBIA
This chapter presents the results of research perfo...