Debt

Graham Bird

Chapter 8 in World Finance and Adjustment, 1985, pp 175-202 from Palgrave Macmillan

Abstract: Abstract While the recipients of concessionary and indeed commercial inflows of foreign capital should normally be able to benefit from them in the short run, since they augment the finance that is available via domestic saving, an important question is whether such borrowing creates problems for the future in the form of the related accumulation of debt. The so-called global debt problem has come to dominate much of the discussion of international financial issues in the early 1980s, and the means of solving the problem, or at least of alleviating it, have been high on the agenda of international financial reform.

Keywords: Interest Rate; Foreign Exchange; Interest Payment; Debt Service; Domestic Saving (search for similar items in EconPapers)
Date: 1985
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DOI: 10.1007/978-1-349-17938-1_8

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