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Debt and Crisis in Latin America

The Supply Side of the Story

Robert Devlin

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Princeton University Press img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Betriebswirtschaft

Beschreibung

Examining the causes of the acute Latin American debt crisis that began in mid-1982, North American analysts have typically focused on deficiencies in the debtor countries' economic policies and on shocks from the world economy. Much less emphasis has been placed on the role of the region's principal creditors--private banks--in the development of the crisis. Robert Devlin rounds out the story of Latin America's debt problem by demonstrating that the banks were an endogenous source of instability in the region's debt cycle, as they overexpanded on the upside and overcontracted on the downside.

Originally published in 1990.

The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

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Schlagwörter

Investment, Debt relief, Deficit spending, Sovereign default, Latin America, Credit rationing, Interest rate, Dispute (credit card), Arrears, Macroeconomic Factor, Economy, Revaluation of fixed assets, Slippage (finance), Debt crisis, Bond (finance), Foreign direct investment, External financing, Bank, Credit (finance), Debt Issue, Capital loss, Capital market, Payment, Monetary policy, Recession, Financial crisis, Latin American debt crisis, Debt restructuring, Predatory lending, Credit cycle, Government debt, Country risk, Trade credit, Eurodollar, Debt, Amortization, Balance of trade, Creditor, Debtor, Institute of International Finance, Economic restructuring, International Monetary Fund, Real versus nominal value (economics), Inflation, Political economy, Leverage (finance), Liquidity crisis, Debt service, Inflation targeting, Interest rate risk, Sovereign Risk, Debt moratorium, Latin American economy, Finance, Global financial system, Price war, Default (finance), Supply (economics), United States embargoes, Bond market, Debt service ratio, Debt overhang, Eurocurrency Market, External debt, Debt of developing countries, International finance, National debt of the United States, Credit risk, Economics, Externality