Aspects of Capital Flows Between Developing and Developed Countries

Anne O. Krueger

Chapter 7 in Economic Policy in Theory and Practice, 1987, pp 255-285 from Palgrave Macmillan

Abstract: Abstract After the Mexican problems of mid-1982, a large number of other developing countries found themselves in deep difficulty with respect to their debt-servicing obligations. Some of these countries were middle-income, Latin American countries with relatively high debt—service ratios; others were low-income African countries where debt—service ratios were low; some were oil importers and some oil exporters, some had a record of rapid growth while others had grown slowly, if at all. The fact that the countries affected seemed to have little in common other than their debt-servicing difficulties led most observers to focus upon the ‘debt problem’ as the phenomenon for analysis, although not all countries experienced debt-servicing difficulties and there had been earlier instances of these problems.

Keywords: Current Account; Real Exchange Rate; Real Interest Rate; Capital Flow; Nominal Interest Rate (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18584-9_7

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DOI: 10.1007/978-1-349-18584-9_7

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