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International Interdependence and the Debt Problem

In: Structural Change, Economic Interdependence and World Development

Author

Listed:
  • M. Panić

    (University of Cambridge)

  • M. S. Kumar

    (University of Cambridge)

Abstract

There is little doubt that the current levels and composition of developing countries’ debts present one of the most serious threats to the survival of the international financial system. Not surprisingly, the possibility of a global financial upheaval has inspired a large and rapidly growing literature, covering a wide range of issues. Yet it is far from clear that the debate has been very successful in isolating the real origin of the problem. In the debt drama, as in a detective story, the real culprit is not necessarily one of the main suspects, even though the latter may be guilty of many serious offences.

Suggested Citation

  • M. Panić & M. S. Kumar, 1987. "International Interdependence and the Debt Problem," International Economic Association Series, in: Silvio Borner & Alwyn Taylor (ed.), Structural Change, Economic Interdependence and World Development, chapter 23, pages 359-380, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-09117-1_23
    DOI: 10.1007/978-1-349-09117-1_23
    as

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