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International Debt, Insolvency and Illiquidity
Author(s) -
BRUNNER KARL,
FRATIANNI MICHELE,
GOLDMAN MORRIS,
JORDAN JERRY L.,
MELTZER ALLAN H.,
SCHWARTZ ANNA J.
Publication year - 1983
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1983.tb01492.x
Subject(s) - insolvency , debt , financial system , economics , political science , business , economic history , finance
Western governments and academics alike have neglected the dangers, long‐ and short‐term, of the continuing and ill‐considered issue of loans to countries ‐ Poland, Mexico, etc. ‐ whose rulers persisted with policies that have brought them to ruin. Professor Karl Brunner and five American collaborators analyse the genesis of such financial incontinence and indicate seven steps for the West to avoid international illiquidity.