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International Interdependence and the Debt Problem

In: Globalization and National Economic Welfare

Author

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  • M. Panić

    (University of Cambridge)

Abstract

There is little doubt that the current levels and composition of developing countries’ debts present a serious threat to the survival of the international financial system. Not surprisingly, the possibility of a global financial upheaval has inspired a large and rapidly growing literature covering a wide range of issues. Yet it is far from clear that the debate has been very successful in isolating the real origin of the problem. In the debt drama, as in a detective story, the real culprit is not necessarily one of the main suspects, even though the latter may be guilty of many serious offences.

Suggested Citation

  • M. Panić, 2003. "International Interdependence and the Debt Problem," Palgrave Macmillan Books, in: Globalization and National Economic Welfare, chapter 8, pages 191-207, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51248-1_8
    DOI: 10.1057/9780230512481_8
    as

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