International debt threat
Subtitle: bargaining among creditors and debtors in the 1980's
By: Vinod K. Aggarwal.
Series: Policy papers in international affairs ;; no. 29
Publisher: Institute of International Studies, University of California
Published: 1987
Place of publication: Berkeley
Language: eng
Number of pages: 71
Subjects: Loans, Foreign.; Debts, External.; Loans, Foreign -- Developing countries.; Debts, External -- Developing countries.; Debt relief -- Developing countries.
Description: In this volume ... [the author] explain[s] how banks, daebtors, creditor governments, and international organizations managed to cooperate in heading off the crisis and examine[s] the resulting costs and benefits from this effort. In particular ... [he] looks at how the banks managed to develop a unified bargaining front, why the debtors failed to do so, and how governments and the IMF fostered a temporary resolution of the crisis. In doing so ... [the author] review[s] the constraints faced by various actors and analyze[s] the bargaining strategies they used to overcome the obstacles in their way--both to achieve cooperation and to shift the distribution of costs and benefits in their favor.-Introduction.
Notes: Includes bibliographical references.