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Banking Issues

In: The Developing Country Debt Crisis

Author

Listed:
  • David F. Lomax

    (National Westminster Bank plc)

Abstract

On the development of the debt crisis banks needed to create an administrative infrastructure to deal with the policy issues and the administrative process of rescheduling. The argument for one unit, rather than having the work dispersed among the people who dealt with the particular countries, was that there was a store of expertise which could best be applied over all the similar problems. The administrative systems for recording and handling the debt, and the policy issues which arose in negotiation with other banks and with the countries, were specialised areas of expertise and it was most economical to build these up in one spot and have them applied to all the similar problems. However, many banks left the responsibility with those people who had been dealing with the borrower in the first place.

Suggested Citation

  • David F. Lomax, 1986. "Banking Issues," Palgrave Macmillan Books, in: The Developing Country Debt Crisis, chapter 6, pages 151-202, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-07765-6_6
    DOI: 10.1007/978-1-349-07765-6_6
    as

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