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Foreign Loans and Economic Performance: The Experience of the Less Developed Countries Ehsan Nikbaht
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Foreign Loans and Economic Performance: The Experience of the Less Developed Countries
Ehsan Nikbaht
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. 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.
134 pages
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