The international financial crisis: conditions and implications

Samuel Lichtensztejn ()

Brazilian Journal of Political Economy, 1983, vol. 3, issue 2, 154-174

Abstract: The classical concept of financial crisis is compared to the characteristics of thepresent crisis, pointing out its different aspects. The analysis focuses on the foreign debt andthe conditions for its continuity, the link between the direction of the crisis and domesticpolicy and the international financial situation and its own crisis. In terms of Latin America,after analyzing the specific characteristics of some of the most important national economies,the possibilities and advantages of a joint renegotiation of the debt are discussed. This is analternative that calls for a certain degree of audacity which in fact corresponds to the audacityof international finance capital in its response to eventual crisis. JEL Classification: F34; F32; F36.

Keywords: Foreign debt; financial crisis; stabilization (search for similar items in EconPapers)
Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:3:y:1983:i:2:p:154-174:id:1924

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