Alternative Approaches and Solutions to the Debt of Developing Countries

Albert Fishlow
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Albert Fishlow: University Of California

Chapter 1 in International Finance and Trade in a Polycentric World, 1988, pp 3-20 from Palgrave Macmillan

Abstract: Abstract It is more than five years since that fateful Friday the Thirteenth of August when the Mexican Minister of Finance visited Washington to announce that his country could no longer continue to meet its debt service obligations. Other countries soon followed. Since 1982 that rescheduling experience has been repeated for more than 30 countries involving close to $200 billion of debt (IMF, 1986, p. 123). There have also been a variety of other actions to shore up a vulnerable international financial system and to promote debtor adjustment.

Keywords: Interest Rate; Commercial Bank; Capital Flow; Sovereign Debt; Debt Service (search for similar items in EconPapers)
Date: 1988
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DOI: 10.1007/978-1-349-09745-6_1

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