Asset Trading and Debt Conversion

F. D. Loon

Chapter 15 in Economic Decision-Making in a Changing World, 1993, pp 160-172 from Palgrave Macmillan

Abstract: Abstract In August 1982, Mexico announced that it was no longer able to satisfy terms of its foreign debt commitments. This precipitated similar moves by other developing countries, and set in motion the debt crisis which has affected international financial markets ever since. Debt restructuring, in which governments of debtor and creditor countries, international organizations and commercial banks all played a part, represented the main response to the debt crisis. In the free markets themselves, however, two developments have stood out as the most important new techniques developed as a direct result of the debt crisis: asset trading and debt conversion.

Keywords: Foreign Direct Investment; Central Bank; Commercial Bank; Foreign Currency; Debt Crisis (search for similar items in EconPapers)
Date: 1993
References: Add references at CitEc
Citations:

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

Related works:
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:978-1-349-11144-2_15

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349111442

DOI: 10.1007/978-1-349-11144-2_15

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 ().