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Debt

In: World Finance and Adjustment

Author

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  • Graham Bird

Abstract

While the recipients of concessionary and indeed commercial inflows of foreign capital should normally be able to benefit from them in the short run, since they augment the finance that is available via domestic saving, an important question is whether such borrowing creates problems for the future in the form of the related accumulation of debt. The so-called global debt problem has come to dominate much of the discussion of international financial issues in the early 1980s, and the means of solving the problem, or at least of alleviating it, have been high on the agenda of international financial reform.

Suggested Citation

  • Graham Bird, 1985. "Debt," Palgrave Macmillan Books, in: World Finance and Adjustment, chapter 8, pages 175-202, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-17938-1_8
    DOI: 10.1007/978-1-349-17938-1_8
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