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About Sponsored Programs
The Office of Sponsored Programs (OSP) helps faculty and administrators compete for and win grants that strengthen the intellectual climate and improve the learning environment at City Tech. The office provides notices of grant opportunities and works with faculty and administrators over the life-cycle of a grant – from concept development through close-out.
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Financing Economic Development: The Role of External Debt in Emerging Economies
May 18, 2017 @ 1:00 pm - 2:00 pm
City Tech’s Dr. Unurjargal Nyambuu, Assistant Professor of Economics, will present her talk titled “Financing Economic Development: The Role of External Debt in Emerging Economies” as part of the Department of Social Science Colloquium on May 18, from 1-2 p.m. in Namm 601A. Light refreshments will be served.
Dr. Nyambuu’s research assesses different external financing sources for economic development, highlighting the sustainability of external debt. A lack of external debt, for certain developing countries, may not allow for the development of needed infrastructure. On the other hand, over-dependence on external debt for both public and private debts may lead to a debt crisis.
Dr. Nyambuu shows that for resource-rich countries that used their resources as collateral and have borrowed large sums, default risk increased, sometimes leading to a debt crisis. The obvious implication is that the default probability, and therefore the yield, on sovereign issues will rise—increasing borrowing costs as a result. Her research shows that external debt might be used as a warning signal in certain situations.