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Structural Adjustment Policies in Highly Indebted Countries

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  • Sebastian Edwards

Abstract

This paper deals with structural adjustment in the highly indebted countries. The origins of the debt crisis are first analyzed. Then the nature of the adjustment followed by the debt ridden countries between 1982- 1987 is discussed. It is noted that for most nations the adjustment has been highly recessive. Next, the potential role of trade reforms in securing the resumption of sustained growth is analyzed.

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File URL: http://www.nber.org/papers/w2502.pdf
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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 2502.

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Date of creation: Aug 1989
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Publication status: published as Sebastian Edwards. "Structural Adjustment Policies in Highly Indebted Countries," in Jeffrey D. Sachs, editor, "Developing Country Debt and the World Economy" University of Chicago Press, 1989 (1989)
Handle: RePEc:nbr:nberwo:2502

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Cited by:
  1. Alesina, Alberto F & Tabellini, Guido, 1988. "External Debt, Capital Flight and Political Risk," CEPR Discussion Papers 253, C.E.P.R. Discussion Papers.
  2. Siebert, Horst, 1989. "Güterwirtschaftliche Anpassungsprozesse zur Lösung der Verschuldungsfrage," Kiel Working Papers 349, Kiel Institute for the World Economy.
  3. Sebastian Edwards, 2001. "Exchange Rate Regimes, Capital Flows and Crisis Prevention," NBER Working Papers 8529, National Bureau of Economic Research, Inc.
  4. Tim Allen & Diana Weinhold, 2000. "Dropping the debt for the new millennium: is it such a good idea?," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(6), pages 857-875.
  5. Siebert, Horst, 1991. "Wege aus der Verschuldungskrise," Open Access Publications from Kiel Institute for the World Economy 2011, Kiel Institute for the World Economy (IfW).
  6. Sebastian Edwards, 2001. "Does the Current Account Matter?," NBER Working Papers 8275, National Bureau of Economic Research, Inc.
  7. Woller, Gary M. & Hart, David Kirkwood, 1995. "Latin American debt, the IMF, and Adam Smith: A proposal for ethical reform," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 24(1), pages 1-20.
  8. Gundlach, Erich & Scheide, Joachim & Sinn, Stefan, 1990. "Die Entwicklung nationaler Auslandsvermögenspositionen: Konsequenzen für die Wirtschaftspolitik," Open Access Publications from Kiel Institute for the World Economy 414, Kiel Institute for the World Economy (IfW).
  9. Capistrano, Ana Doris & Kiker, Clyde F., 1995. "Macro-scale economic influences on tropical forest depletion," Ecological Economics, Elsevier, vol. 14(1), pages 21-29, July.
  10. Sebastian Edwards, 1999. "Crisis Prevention: Lessons from Mexico and East Asia," NBER Working Papers 7233, National Bureau of Economic Research, Inc.
  11. Siebert, Horst, 1990. "Wege aus der Verschuldungskrise," Kiel Working Papers 435, Kiel Institute for the World Economy.
  12. Sebastian Edwards, 1997. "The Mexican Peso Crisis? How Much Did We Know? When Did We Know It?," NBER Working Papers 6334, National Bureau of Economic Research, Inc.

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