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U.S. Commercial Banks and the Developing Country Debt Crisis / Jeffrey Sachs, Harry Huizinga.
- Format:
- Book
- Author/Creator:
- Sachs, Jeffrey.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w2455.
- NBER working paper series no. w2455
- Language:
- English
- Subjects (All):
- Debts, External--Developing countries.
- Debts, External.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1987.
- Cambridge : National Bureau of Economic Research, 1987.
- Summary:
- The major theme of this paper is that the commercial banks have weathered the debt crisis, while many debtor countries remain in economic paralysis or worse. There is a growing consensus that much of the LDC debt will not be fully serviced in the future, and that consensus is reflected in at least two ways: in the discounts observed in the secondary market prices for LDC debt, and in the discounts in the stock market pricing of banks with exposure in the LDCs.
- Notes:
- Print version record
- December 1987.
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