The International debt crisis in historical perspective
Author(s)
Bibliographic Information
The International debt crisis in historical perspective
MIT Press, c1989
Available at 83 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes bibliographical references and index
Description and Table of Contents
Description
This anatomy of financial crises shows that the debt crisis of the 1980s is not unprecedented and was even forecast by many Eichengreen and Lindert, bring together original studies that assess the historical record to see what lessons can be learned for resolving today's crisis. They offer a wide variety of approaches to negotiation over defaulted loans between creditors and debtors. The questions addressed are central to any informed discussion of the current debt crisis. Are periods of enthusiastic international lending commonly followed by default and market collapse? If so, why? What are the warning signs of impending crisis? What kinds of countries and loans are most susceptible to debt servicing difficulties? When default does occur, what are its economic and political consequences? Which approaches to negotiations between defaulting countries and their lenders are most likely to achieve a rapid resolution? Albert Fishlow compares international lending today with lending in the 1890s. Peter Lindert also isolates differences between international lending in the 1980s and lending in earlier times. Eliana Cardoso and Rudiger Dornbusch consider the efficiency of the lending process and the consequences and management of default for a debtor country. Chapters by Berry Eichengreen and Richard Portes, and by Jeffrey Sachs and Erika Jorgensen examine negotiations on international loans defaulted during the period between the two world wars. Vinod Aggarwal interprets the history of Mexico's debt crisis, and Charles Lipson considers the links between international financial relations and national security considerations. Barry Eichengreen is Professor of Economics at the University ofCalifornia, Berkeley. Peter Lindert is Professor of Economics at the University of California, Davis.
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