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The international debt crisis: the end of the beginning, not yet the beginning of the end

Author

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  • N.M. HEALEY

    (University of Leicester)

Abstract

The work explores the changing nature of the international debt crisis, from a banking crisis to a development crisis. The author begins with an overview of the changing debt position of the developing world. The reasons why developing countries become indebted and the causes of the post-1982 crisis are then considered. Finally, events since 1982 are discussed, critically assessing the management of the crisis to date.

Suggested Citation

  • N.M. Healey, 1994. "The international debt crisis: the end of the beginning, not yet the beginning of the end," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 47(188), pages 75-97.
    • Handle: RePEc:psl:bnlaqr:1994:13
    as

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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10522/10407
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    References listed on IDEAS

    as
    1. Schwartz, Eduardo S & Zurita, Salvador, 1992. "Sovereign Debt: Optimal Contract, Underinvestment, and Forgiveness," Journal of Finance, American Finance Association, vol. 47(3), pages 981-1004, July.
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    4. Andrew M. Warner, 1992. "Did the Debt Crisis Cause the Investment Crisis?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(4), pages 1161-1186.
    5. Daniel Cohen, 1992. "The Debt Crisis: A Postmortem," NBER Chapters, in: NBER Macroeconomics Annual 1992, Volume 7, pages 65-114, National Bureau of Economic Research, Inc.
    6. Jeffrey D. Sachs, 1989. "Introduction to "Developing Country Debt and the World Economy"," NBER Chapters, in: Developing Country Debt and the World Economy, pages 1-34, National Bureau of Economic Research, Inc.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    debt crisis; banking; development; developing world;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

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