Developing countries’ external debt and the private banks

Authors

  • W.H.B. BRITTAIN

DOI:

https://doi.org/10.13133/2037-3643/11511

Keywords:

Developing countries, debt, international banking system, borrowing problem

Abstract

The paper discusses the permanence of the post-1973 developing country borrowing problem and assesses the adequacy of the steps taken by the international private banking system to protect itself against the risk of default on developing country debt. The particular problem is the rapid build-up of private banking system assets that are the short and medium-term foreign currency obligations of governments and private enterprise in the developing countries. The author provides evidence that suggests the developing country borrowing problem may be temporary, and that banks have acted to ensure themselves against the risk of default when that risk is high.

 

JEL: G21, F34, F30

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Published

2014-01-04

How to Cite

BRITTAIN, W. (2014). Developing countries’ external debt and the private banks. PSL Quarterly Review, 30(123). https://doi.org/10.13133/2037-3643/11511

Issue

Vol. 30 No. 123 (1977)

Section

Editorial

License

 
 
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