International Debts: a Crisis for Whom?

Kunibert Raffer

Chapter 6 in Economic Development and World Debt, 1989, pp 51-62 from Palgrave Macmillan

Abstract: Abstract In discussion on Southern indebtment the word ‘crisis’ is almost exclusively used to characterise the allegedly risky position of international private banks. In particular and especially the crises of big debtors in the 1980s, and the huge amount of debts accumulated by peripheral countries (PCs) have given rise to the perception that sheer size might have changed international relations in favour of debtors, thus increasing the risks of lenders.

Keywords: Debt Crisis; International Bank; Debtor Country; International Debt; Austerity Policy (search for similar items in EconPapers)
Date: 1989
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DOI: 10.1007/978-1-349-20044-3_6

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