Seiber International Borrowing by Developing Countries

Pergamon Policy Studies on International Development
1. Auflage 2013
ISBN: 978-1-4831-8981-9
Verlag: Elsevier Science & Techn.
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 224 Seiten, Web PDF

International Borrowing by Developing Countries analyzes the various aspects of developing-country debt. The title covers various concepts such as theory of borrowing, official and private debt, petrofund recycling, and debt relief. The text first deals with role of external capital and debt in economic development, and then proceeds to examining the historical debt experience of the now-creditor countries. Next, the selection tackles the official bilateral and multilateral debt along with its patterns, magnitude, and the procedures and experience of official debt rescheduling. The text also analyzes the private Eurocurrency debt and the official positions on debt relief and reviews proposals for recycling petrofunds and providing new sources of financing. The last part deals with the political factors that will affect external debt, as well as recommendations for future policy. The book will be of great interest to economists, political scientists, game theorists, and sociologists.

Autoren/Hrsg.

Seiber, Marilyn J.

Inhaltsverzeichnis

1;Front Cover;1
2;International Borrowing by Developing Countries;4
3;Copyright Page;5
4;Table of Contents;6
5;Foreword;10
6;Introduction;12
7;PART I: EXTERNAL CAPITAL AND ECONOMIC DEVELOPMENT
;16
7.1;Chapter 1. The Role of External Borrowing in Development;18
7.1.1;THEORIES ON EXTERNAL CAPITAL;18
7.1.2;EXTERNAL BORROWING FOR DEVELOPMENT;23
7.1.3;CONCLUSIONS;33
8;Chapter 2. An Historical View of External Capital Flows;34
8.1;THE EARLY YEARS OF CAPITAL FLOWS;34
8.2;NINETEENTH CENTURY: ECONOMIC DEVELOPMENT AND

INDUSTRIALIZATION;36
8.3;CAPITAL FLOWS IN THE EARLY TWENTIETH CENTURY;37
8.4;INTERNATIONAL INDEBTEDNESS IN THE POST-WORLD WAR II ERA;39
9;PART Il: OFFICIAL EXTERNAL DEBTOF DEVELOPING COUNTRIES;46
9.1;Chapter 3. An Aggregate Overview of Developing-Country Debt;48
9.1.1;RECENT ECONOMIC DEVELOPMENTS;50
9.1.2;AN AGGREGATE REVIEW OF LDC DEBT;54
10;Chapter 4. Official Bilateral and Multilateral LDC Debt;64
10.1;BILATERAL AID AND DEBT;65
10.2;MULTILATERAL AID AND DEBT;70
10.3;CONCLUDING COMMENTS;76
11;Chapter 5. Debt Reorganization;78
11.1;OFFICIAL DEBT RESCHEDULING;80
11.2;COMMERCIAL DEBT RELIEF;88
11.3;DEBT MANAGEMENT;90
12;PART Ill: DEVELOPING COUNTRIES AND COMMERCIAL BANK DEBT;92
12.1;Chapter 6. The Rise of Developing-Country Private Debt;94
12.1.1;DEVELOPING COUNTRIES IN THE EUROMARKET;96
12.1.2;THE EUROMARKET AS CREDITOR;100
12.1.3;FUTURE LDC PRIVATE BORROWING;104
13;Chapter 7. The International Economy: OPEC, Adjustment, and Recycling;107
13.1;ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES;107
13.2;ADJUSTMENT;113
13.3;RECYCLING;115
14;Chapter 8. Future Prospects on the Role of Commercial Banks;123
14.1;THE CAPACITY OF COMMERCIAL BANKS TO RECYCLE;124
14.2;BANK RISK ANALYSIS;126
14.3;BANK REGULATION AND SURVEILLANCE;129
14.4;COMMERCIAL BANKS' FUTURE ROLE;132
15;PART IV: RECYCLING AND DEBT RELIEF
;136
15.1;Chapter 9. Official Positions of Creditor and Debtor Nations on Debt Relief;138
15.1.1;PERCEPTIONS OF THE DEBT PROBLEM;139
15.1.2;OFFICIAL POSITIONS ON DEBT RELIEF;141
15.1.3;RECENT DEBT RELIEF NEGOTIATIONS;143
16;Chapter 10. Strategies for Recycling and Debt Relief
;146
16.1;RECYCLING STRATEGIES;146
16.2;DEBT RELIEF PROPOSALS;151
17;PART V: CONCLUSION;154
17.1;Chapter 11. Debt Policies forthe Future;156
17.1.1;EXTERNAL DEBT IN THE 1980s;156
17.1.2;POLITICAL CONSIDERATIONS;158
17.1.3;POLICY RECOMMENDATIONS;162
17.1.4;THE NEED FOR LEADERSHIP;165
18;APPENDICES;168
19;APPENDIX 1: UNITED STATES GOVERNMENT POLICY ON DEBT RESCHEDULING;170
20;Appendix 2 (Cont.);174
21;APPENDIX 3: UNCTAD Resolution 165 DEBT AND DEVELOPMENT PROBLEMS OF DEVELOPING COUNTRIES RESOLUTION 165 (S-IX);175
22;APPENDIX 4: IMPLEMENTATION OF TRADE AND DEVELOPMENT BOARD RESOLUTION 165 (S-IX)(1) ON THE DEBT AND DEVELOPMENT PROBLEMS OF DEVELOPING COUNTRIES;178
22.1;I. PREAMBLE;180
22.2;II. OBJECTIVES;180
22.3;HI. OPERATIONAL FRAMEWORK;181
23;Notes;184
23.1;INTRODUCTION;184
24;Bibliography;208
24.1;BOOKS AND JOURNALS;208
24.2;GOVERNMENT AND INTERNATIONAL ORGAN DOCUMENTS AND PUBLICATIONS;216
25;Index;220
26;About the Author;224