| Titre : | International debt reexamined |
| Auteurs : | William R. Cline, Auteur |
| Type de document : | Ouvrages |
| Editeur : | Washington : Institute for International Economics, 1995 |
| ISBN/ISSN/EAN : | 978-0-88132-083-1 |
| Format : | 1 vol. (XV-535 p.) |
| Langues: | Anglais |
| Catégories : |
[Eurovoc] ÉCONOMIE > situation économique > développement économique > pays en développement [Eurovoc] ÉDUCATION ET COMMUNICATION > documentation > document > étude de cas [Eurovoc] FINANCES > relations monétaires > finances internationales > dette extérieure [Eurovoc] GÉOGRAPHIE > Afrique > Afrique subsaharienne [Eurovoc] GÉOGRAPHIE > Amérique > Amérique du Nord > Mexique [Eurovoc] GÉOGRAPHIE > Amérique > Amérique latine [Eurovoc] GÉOGRAPHIE > Europe > Europe centrale et orientale [Eurovoc] GÉOGRAPHIE > Europe > Europe centrale et orientale > Russie |
| Résumé : |
Back cover: The international debt crisis that erupted in 1982 threatened the world financial system and turned the 1980s into a lost decade for Latin America. But the crisis jolted governments throughout the region into adopting sweeping economic reforms. By the early 1990s inflation was lower, growth was reviving, the major debtors had reached "Brady Plan" workout agreements reducing bank debt in exchange for collateral, and capital was entering the region in unprecedented magnitudes.
This study tries to make sense of this historic financial episode and to derive lessons for future policy. Cline first returns to his 1983 projection models that figured importantly in the debate at that time, and reruns them with the benefit of hindsight to see what went wrong (e.g., capital flight) and what went right (e.g., revival of industrial country growth). He provides a critical survey of the voluminous economics literature that emerged from the debt crisis. The study evaluates performance of the evolving international debt strategy, which eventually succeeded brilliantly in preserving international financial stability and restoring debtor access to credit markets but failed to achieve debtor country growth in the 1980s. The study reviews policy reform and Brady plan results for major Latin American countries; provides new analysis of today's debt problems in Russia and Africa; and analyzes the degree of vulnerability of Latin Americas capital market renaissance to such factors as overvalued exchange rates and a resurgence of US interest rates. It concludes with suggestions for institutional change and policy guidelines to help avoid future crise (Colombia University Press). |
| Note de contenu : |
1. Overview
2. Vital signs for the debt strategy 3. A decomposition analysis of debt forecasts in the 1980s 4. Debt theory: a critical literature review 5. Evolution and evaluation of the debt strategy 6. Economic adjustment and debt strategy in Latin America 7. Debt problems in the 1990s: Russia, Eastern Europe, and sub-Saharan Africa 8. Capital markets in the 1990s 9. Epilogue: the Mexico peso crisis of December 1994 |
Exemplaires (1)
| Code-barres | Cote | Support | Localisation | Section | Disponibilité |
|---|---|---|---|---|---|
| 004711 | RB 1082 | Livre | Centre de documentation du CERDI / Ecole d'Economie | Salle de lecture | Disponible |
