Theoretical and Policy-Oriented Aspects of the External Debt Economics

This book combines theory and practice into one comprehensive approach to the debt problem. It analyzes the debt crisis in its macroeconoic setting and discusses debt relief techniques, instruments and policies.

Contenu
I: An Overview of the Theoretical Aspects of Foreign Debt.- 1. Measuring External Debt.- 2. Macroeconomics of External Debt.- 3. Creditworthiness and Country Risk.- 4. Economics of Default.- 5. Optimal and Non-Optimal Debt.- II: Policy Responses to the International Debt Crisis.- 6. Analytical Issues in the Current External Debt Strategy.- 7. Debt Relief Techniques.- 8. In Search for a New Debt Strategy Plans for Reform of International Lending and Contingency Proposals.- 9. Managing the International Debt Crisis Components of the New Debt Strategy.