书目名称 | Theoretical and Policy-Oriented Aspects of the External Debt Economics |
编辑 | Chris Czerkawski |
视频video | |
丛书名称 | Studies in Contemporary Economics |
图书封面 |  |
描述 | The past approach to the international debt crisis has been traditionally based on conventional banking principle in which debt had to be paid back in fuH and in time. International lending was a function of the perceived credit standing of debtor country and the return on investment (ROI). If debtor country run into difficulties and had problems with service payments - it was generally assumed that the debt-related expenditures were mismanaged. With economic stability and firm financial rules - the debt crisis was supposed to disappear after application of appropriate adjustment measures. However in the world of inconsistent lending criteria greater uncertainty and increased volatility of expectations - the problem has continued to get worse. At the beginning of the 1990s a number of countries are more indebted than at any other time in the past. Until mid 1980s extern al debt economics has been rather a disembodied concept for most economists and business leaders. The main reason for this neglect of one of the most important macroeconomic categories was difficulty of distinguishing terminologically and methodologically the domestic determinants of national expenditures from the e |
出版日期 | Book 1991 |
关键词 | Entwicklungsökonomie; International Debt; International Economics; Schuldenkrise; development; developmen |
版次 | 1 |
doi | https://doi.org/10.1007/978-3-642-84549-9 |
isbn_softcover | 978-3-540-54282-7 |
isbn_ebook | 978-3-642-84549-9Series ISSN 1431-8806 |
issn_series | 1431-8806 |
copyright | Springer-Verlag Berlin Heidelberg 1991 |