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Alternative Approaches and Solutions to the Debt of Developing Countries

In: International Finance and Trade in a Polycentric World

Author

Listed:
  • Albert Fishlow

    (University Of California)

Abstract

It is more than five years since that fateful Friday the Thirteenth of August when the Mexican Minister of Finance visited Washington to announce that his country could no longer continue to meet its debt service obligations. Other countries soon followed. Since 1982 that rescheduling experience has been repeated for more than 30 countries involving close to $200 billion of debt (IMF, 1986, p. 123). There have also been a variety of other actions to shore up a vulnerable international financial system and to promote debtor adjustment.

Suggested Citation

  • Albert Fishlow, 1988. "Alternative Approaches and Solutions to the Debt of Developing Countries," International Economic Association Series, in: Silvio Borner (ed.), International Finance and Trade in a Polycentric World, chapter 1, pages 3-20, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-09745-6_1
    DOI: 10.1007/978-1-349-09745-6_1
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