01662cas a2200253 a 4500 AALejournalIMF001297 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451970951 1934-7456 BD-DhAAL BD-DhAAL Woo, David. Reconsidering External Financing of Domestic Budget Deficits : Debunking Some Received Wisdom / David Woo, Simon Gray. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (24 pages) IMF Policy Discussion Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The past decade has witnessed a steady increase in outstanding external sovereign debt issued by emerging market economies. This paper examines some of the 'received wisdom' regarding the benefits of external financing of domestic budget deficits and argues that it is often predicated on a narrow set of assumptions and incomplete evaluation of the underlying costs. The paper also suggests alternative sources of financing that can help capture some of the benefits associated with foreign financing without all of its costs. Mode of access: Internet Gray, Simon. IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2000/008 Full text available on IMF http://elibrary.imf.org/view/journals/003/2000/008/003.2000.issue-008-en.xml IMF e-Library