Debt Reduction and Development The Case of Mexico |
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| Author:
| Gooptu, Sudarshn |
| ISBN: | 978-0-275-94213-7 |
| Publication Date: | Jan 1993 |
| Publisher: | Bloomsbury Publishing USA
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| Imprint: | Praeger |
| Book Format: | Hardback |
| List Price: | USD $95.00 |
Book Description:
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This study provides an in-depth analysis of the external debt problem of a country--Mexico--that allegedly faces a debt overhang, which inhibits long-term growth-oriented investment. Issues facing the debtor nation and its commercial bank creditors are simultaneously examined in order to move closer towards an understanding of the situation of debt-distressed developing countries. The need to address these issues on a case-by-case basis is emphasized, opposed to a global approach to...
More Description
This study provides an in-depth analysis of the external debt problem of a country--Mexico--that allegedly faces a debt overhang, which inhibits long-term growth-oriented investment. Issues facing the debtor nation and its commercial bank creditors are simultaneously examined in order to move closer towards an understanding of the situation of debt-distressed developing countries. The need to address these issues on a case-by-case basis is emphasized, opposed to a global approach to solving the debt crisis presently recommended by some.
Not only does this work provide a survey of the theoretical literature on the international debt crisis it also provides a way of incorporating simultaneously the concerns of the opposing sides--debtor nations and creditor banks. It will be of interest to economists and policy-makers in international finance and trade and development economics.