Private Capital Flows and Developing Country Adjustment: Some Lessons of the Debt Crisis | springerprofessional.de

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1989 | OriginalPaper | Buchkapitel

Private Capital Flows and Developing Country Adjustment: Some Lessons of the Debt Crisis

verfasst von : Christopher Huhne

Erschienen in: The International Adjustment Process

Verlag: Springer Netherlands

Enthalten in: Professional Book Archive

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It is not realistic to expect even middle-income debtors fully to service their debt. The combined operation of a high stock of debt, high real interest rates, compound interest and negligible new private capital flows make orthodox adjustment exceptionally severe. The debt crisis is far from being resolved.

Vorheriges Kapitel Special Problems of Adjustment in Developing Countries

Nächstes Kapitel The Exchange Rate in the Adjustment Process of Less Developed Countries — A Multifarious Role

Titel: Private Capital Flows and Developing Country Adjustment: Some Lessons of the Debt Crisis
verfasst von: Christopher Huhne
Verlag: Springer Netherlands
Buch: The International Adjustment Process
Print ISBN: 978-94-010-6879-6

Electronic ISBN: 978-94-009-0871-0

Copyright-Jahr: 1989
DOI: https://doi.org/10.1007/978-94-009-0871-0_19

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