Romania, the study focuses on examining the 1980s foreign debt crisis context, its determinants and consequences, the impact … entered default or restructuring on the sovereign debt. In the case of Romania, the impact of the foreign debt crisis … outstanding loans contracted from international commercial banks, to which Romania was highly indebted. The decision of simple …

back. This chapter considers the implications of this insight using case studies from Europe, Asia, and Latin America. The … connection is not unique to Europe, although it does not always result in feedback effects, or the 'doom loop' that has made …