International debt: the behavior of banks in a politicized environment

Philip A. Wellons

International Organization, 1985, vol. 39, issue 3, 441-471

Abstract: The debt crisis riveted attention on political issues at the international level. Groups of states clash, and the North-South divisions are very noticeable. As conflict and cooperation among governments, banks, and multilateral agencies make headlines, three blocs appear to contend: the banks, the debtor governments, and the creditor governments. These are the obvious players in the workouts, and it is important to understand the conventions that bind them.

Date: 1985
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