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External debt and crisis: The decline of the orthodox strategy / Robert Devlin.
- Format:
- Book
- Government document
- Author/Creator:
- Devlin, Robert, author.
- Language:
- English
- Subjects (All):
- Economic and Social Development.
- Local Subjects:
- Economic and Social Development.
- Physical Description:
- 1 online resource (18 pages)
- Contained In:
- CEPAL Review Vol. 1985, no. 27, p. 35-52 1985:27<35 16840348
- Place of Publication:
- New York : United Nations, 1985.
- System Details:
- data file
- Summary:
- This article presents a general view of the reschedulings of Latin American debts with the private banking system during the period 1982-1985. The marked worsening of the conditions of indebtedness experienced by the debtors in the first round of negotiations in 1982-1983 has gradually given way to more favourable terms, above all in the most recent rescheduling (1984-1985). The creditors use market concepts to explain this phenomenon: the better terms represent a reward for good behaviour and the consequent lessening of risk.
- Notes:
- Title from title screen (viewed May 1, 2017).
- Access Restriction:
- Restricted for use by site license.
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