Private Lending to Sovereign States: A Theoretical Autopsy

by Daniel Cohen

By the end of the 1980s the total debt of developing countries had passed the trillion-dollar mark. What should be done when the debt is heavily discounted, and countries pass the point at which they decide to default rather than service the debt in full? In this illuminating work on external debt, Daniel Cohen explodes many myths currently popular among economists, bankers, and journalists about the nature of the debt problem, its origins, and its...

• Format: Hardcover
• Language: English
• ISBN: 0262031728
• ISBN13: 9780262031721
• Release Date: March 1991
• Publisher: MIT Press (MA)
• Length: 182 Pages
• Weight: 1.00 lbs.
• Dimensions: 0.8" x 6.3" x 9.3"