The Boom to 1973

David F. Lomax
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David F. Lomax: National Westminster Bank plc

Chapter 1 in The Developing Country Debt Crisis, 1986, pp 1-14 from Palgrave Macmillan

Abstract: Abstract The international debt crisis of the 1980s emerged as a historical development from the oil shocks of 1973–74 and of 1979–80. These oil shocks provided opportunities for and pressures towards creating the debt, while the policy response of the OECD countries to the second oil shock made the debt much more difficult to handle. But the seeds of the later problems were sown in the period before 1973. This chapter indicates the way in which events in that period prepared the way for the oil shocks and the debt crisis.

Keywords: International Monetary Fund; OECD Country; Debt Crisis; Bank Lending; International Financial Statistics (search for similar items in EconPapers)
Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07765-6_1

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DOI: 10.1007/978-1-349-07765-6_1

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