This paper, following two earlier studies, reviews the arrangements for restructuring commercial bank and official debt up to early 1985.

This paper provides a description and analysis of recent developments in international capital markets and an assessment of the prospects for private financing flows, in particular to the developing countries.

This paper provides a description and analysis of recent developments in international capital markets and an assessment of the prospects for private financing flows, in particular to the developing countries

This paper discusses the role of a country’s fiscal stance in weakening the financial underpinnings of an open economy with a quasi-fixed nominal exchange rate, even where the overall fiscal deficit remains unchanged, or even narrows. The paper cites the role of expanding government operations...

This paper explores the reasons behind the recent transformation and upturn of the Mexican economy. the changes are the result of the authorities' determination to stick with a difficult reform program since the early 1980s, supported by multilateral financial institutions, creditor countries,...