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International debt: the behavior of banks in a politicized environment

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  • Wellons, Philip A.

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.

Suggested Citation

  • Wellons, Philip A., 1985. "International debt: the behavior of banks in a politicized environment," International Organization, Cambridge University Press, vol. 39(3), pages 441-471, July.
    • Handle: RePEc:cup:intorg:v:39:y:1985:i:03:p:441-471_01
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    Cited by:

    1. Jérôme Sgard, 2011. "The IMF Meets Commercial Banks: Sovereign Debt Restructuring between 1970 and 1989," Working Papers hal-03473808, HAL.
    2. repec:spo:wpmain:info:hdl:2441/eu4vqp9ompqllr09i41p71525 is not listed on IDEAS
    3. repec:hal:spmain:info:hdl:2441/eu4vqp9ompqllr09i41p71525 is not listed on IDEAS
    4. Flores Zendejas, Juan, 2015. "Capital Markets and Sovereign Defaults: A Historical Perspective," Working Papers unige:73325, University of Geneva, Paul Bairoch Institute of Economic History.
    5. Jérôme Sgard, 2011. "The IMF Meets Commercial Banks: Sovereign Debt Restructuring between 1970 and 1989," SciencePo Working papers Main hal-03473808, HAL.

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