This research will analyze the Egyptian external debt, and its effect on the budget deficit and how the external debt could be rolled. We will see the government's policies, and how it affected the economy. The Gulf War had its effect in rescheduling and canceling some debt. Alternatives of deficit financing to prevent borrowing will be discussed. Thomas Sargent and Neil Wallace have introduced a model by which the government can meet its debt problem. Sargent and Wallace gave a solution to the problem of debt financing by printing money. This method is called "money financing." We will apply this solution to the Egyptian economy to see if it can solve the problem, and at the end we will modify the model to include other variables not included in the model.
School of Business
MA in Economics
Date of Award
Online Submission Date
Wilfrid Csaplar Jr.
Committee Member 1
Committee Member 2
Committee Member 3
Library of Congress Subject Heading 1
Library of Congress Subject Heading 2
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Abdel Moneim, A.
(2001).Egypt's external debt: An Attempt to apply Sargent-Wallace Model to Egypt [Thesis, the American University in Cairo]. AUC Knowledge Fountain.
Abdel Moneim, Ashraf Mahmoud. Egypt's external debt: An Attempt to apply Sargent-Wallace Model to Egypt. 2001. American University in Cairo, Thesis. AUC Knowledge Fountain.
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