The international debt crisis: the end of the beginning, not yet the beginning of the end

N.M. Healey
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N.M. Healey: University of Leicester

Banca Nazionale del Lavoro Quarterly Review, 1994, vol. 47, issue 188, 75-97

Abstract: The work explores the changing nature of the international debt crisis, from a banking crisis to a development crisis. The author begins with an overview of the changing debt position of the developing world. The reasons why developing countries become indebted and the causes of the post-1982 crisis are then considered. Finally, events since 1982 are discussed, critically assessing the management of the crisis to date.

Keywords: debt crisis; banking; development; developing world (search for similar items in EconPapers)
JEL-codes: F34 G01 (search for similar items in EconPapers)
Date: 1994
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