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Diversification Among Currencies in the Contracting of External Financing and the Effective Debt Burden

In: World Trade: Monetary Order and Latin America

Author

Listed:
  • Alvaro Donoso

Abstract

The countries of Latin America increased their indebtedness at a rapid pace in the 1970s and up to 1981. In 1982 the debt crisis broke and they began seeking to reduce the rate of growth of their external debts by concentrating on developing trade balance surpluses generated at high cost in terms of production and employment in the countries concerned.

Suggested Citation

  • Alvaro Donoso, 1990. "Diversification Among Currencies in the Contracting of External Financing and the Effective Debt Burden," Palgrave Macmillan Books, in: Paolo Savona & George Sutija (ed.), World Trade: Monetary Order and Latin America, chapter 3, pages 60-77, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-08812-6_4
    DOI: 10.1007/978-1-349-08812-6_4
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