Private Bank Lending to Developing Countries

Graham Bird

Chapter 11 in International Financial Policy and Economic Development, 1987, pp 230-244 from Palgrave Macmillan

Abstract: Abstract Apart from the move to flexible exchange rates, one of the most noticeable aspects of international finance since 1973 has been the changing role of the private international banks. During the 1970s they were central in recycling finance from oil producing countries to the non-oil developing world. However, in the 1980s they became more reluctant to lend and often had to be coerced to do so by central banks and the IMF.

Keywords: Interest Rate; Real Interest Rate; Bank Loan; Real Rate; Nominal Interest Rate (search for similar items in EconPapers)
Date: 1987
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Chapter: Private Bank Lending to Developing Countries (1989)
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DOI: 10.1007/978-1-349-08579-8_11

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