"This book offers a novel account of the significant debt crisis which hit many developing countries during the 1980s. It starts with the flawed cycle of bank lending during the 1970s, and then moves from the opening act, in Mexico in 1982, until a solution was found with the 1989 Brady...

This paper points out the current situation of debtors and creditors and evaluates some of the difficult issues concerning the international management of Latin America's payment problems. It is concluded that, in the absence of new credits, debtors in the region will opt for unilateral limits...