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An examination of the evolutionary stages of the debt problem in developing countries, with a discussion of how U.S. banks and financial markets have adjusted to accommodate it and some proposed solutions to the problem.
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This paper discusses the problems of international debt from the point of the of the evolution of U.S. policy. The first section presents a brief historical review of the international debt problems of the 1980s. The next section examines the situation as of early 1989: progress as well as...
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analyze the historical paths of external debts in these countries. Then, under fairly conventional baseline specifications …An analytic and accounting framework is presented for examining the evolution of the external positions of eight … cases in which external adjustment might be warranted. Through the simulation of some alternative scenarios, the analysis …
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Interest in income and price elasticities for international trade has increased recently because of the debt crisis that many developing countries are experiencing. Estimates of income elasticities of import demand, however, range from a low of 1.3 to a high of 4.7. Such differences have...
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