International debt: the behavior of banks in a politicized environment
- 1 January 1985
- journal article
- the political-economy-of-debt
- Published by Cambridge University Press (CUP) in International Organization
- Vol. 39 (3) , 441-471
- https://doi.org/10.1017/s0020818300019147
Abstract
The debt crisis riveted attention on political issues at the international level. Groups of states clash, and the North-South divisions are very noticeable. As conflict and cooperation among governments, banks, and multilateral agencies make headlines, three blocs appear to contend: the banks, the debtor governments, and the creditor governments. These are the obvious players in the workouts, and it is important to understand the conventions that bind them.Keywords
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