Three features are emphasised; the role and impact of foreign debt, Australian experiences since the beginning of the 'eighties', and the implications of the growth of foreign debt.

The paper examines the circumstances which led to the collapse of Barings PLc at the end of February 1995. The analysis is based upon two official reports of investigations in London and Singapore.

The paper examines the circumstances which led to the collapse of Batings Plc at the end of February 1995. The analysis is based upon two official reports of investigations in London and Singapore. Annual reports and financial statements of Batings are also drawn upon. Each of the official...