Premium
INTERNATIONAL DEBT PROBLEMS
Author(s) -
MELTZER ALLAN H.
Publication year - 1987
Publication title -
contemporary economic policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.454
H-Index - 49
eISSN - 1465-7287
pISSN - 1074-3529
DOI - 10.1111/j.1465-7287.1987.tb00250.x
Subject(s) - debt , debtor , equity (law) , negotiation , external debt , economics , finance , business , shadow (psychology) , value (mathematics) , international economics , financial system , creditor , political science , machine learning , computer science , law , psychotherapist , psychology
A long‐term solution to the international debt problem is achieved when debtor countries can return to the marketplace without assistance or negotiation with foreign governments and international agencies. The prospects of major debtors' returning are very different and are most likely for Brazil. Various proposals are discussed, including proposals to exchange bank loans at market value for equity. Secretary Baker s proposal, which is opposed by the Shadow Financial Regulatory Committee, is also discussed.