Theoretical and Policy-Oriented Aspects of the External Debt Economics
[Book]
by Chris Czerkawski.
Berlin, Heidelberg
Springer Berlin Heidelberg
1991
(vii, 150 pages)
Studies in contemporary economics.
I: An Overview of the Theoretical Aspects of Foreign Debt --;1. Measuring External Debt --;2. Macroeconomics of External Debt --;3. Creditworthiness and Country Risk --;4. Economics of Default --;5. Optimal and Non-Optimal Debt --;II: Policy Responses to the International Debt Crisis --;6. Analytical Issues in the Current External Debt Strategy --;7. Debt Relief Techniques --;8. In Search for a New Debt Strategy --;Plans for Reform of International Lending and Contingency Proposals --;9. Managing the International Debt Crisis --;Components of the New Debt Strategy.
The past approach to the international debt crisis has been traditionally based on conventional banking principle in which debt had to be paid back in fuH and in time. Usually debt was seen as a 'white-black' phenomenon with debtor countries accusing creditor countries for causing the crisis and vice versa.