The emerging role of private banks in the developing world
By: Irving S. Friedman ; foreword by G. A. Costanzo.
Edition: 1st ed.
Publisher: Citicorp
Published: 1977
Place of publication: New York
Language: eng
Number of pages: 118
Subjects: Banks and banking -- Developing countries.; Private banks -- Developing countries.
Description: Bankers who have stepped up their cross-border lending in response to urgent financing needs in the developing countries and a decidedly soft loan market at home are being roundly lambased for excessive risk-taking. At best, this lending is thought to demonstrate imprudence; at worst, it is supposed to precipitate a domino series of defaults and bring down the world financial structure.