Commercial Bank Provisioning against Claims on Developing Countries

Graham Bird

Chapter 3 in Commercial Bank Lending and Third-World Debt, 1989, pp 49-95 from Palgrave Macmillan

Abstract: Abstract Although this chapter focuses on ‘provisioning’ by commercial banks against their loans to developing countries, it is important to put this development into the general context of the evolving Third World debt problem. As is well catalogued in the literature, the seeds of this problem were, in many ways, sown following the first major hike in oil prices in 1973. Developing countries facing large balance of payments deficits were attracted to the alternative of financing which enabled them to adopt a slower speed of adjustment than would otherwise have been necessary. Even some oil-rich countries were encouraged to borrow on the strength of their oil resources. The required financing was, in large measure, provided through the intermediation of the private international banks with the official sector adopting a relatively muted role.1

Keywords: Secondary Market; Market Valuation; Debt Relief; Debt Problem; Debt Obligation (search for similar items in EconPapers)
Date: 1989
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Commercial bank provisioning against claims on developing countries (1988)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10831-2_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349108312

DOI: 10.1007/978-1-349-10831-2_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().