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International Debts: a Crisis for Whom?

In: Economic Development and World Debt

Author

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  • Kunibert Raffer

Abstract

In discussion on Southern indebtment the word ‘crisis’ is almost exclusively used to characterise the allegedly risky position of international private banks. In particular and especially the crises of big debtors in the 1980s, and the huge amount of debts accumulated by peripheral countries (PCs) have given rise to the perception that sheer size might have changed international relations in favour of debtors, thus increasing the risks of lenders.

Suggested Citation

  • Kunibert Raffer, 1989. "International Debts: a Crisis for Whom?," Palgrave Macmillan Books, in: H. W. Singer & Soumitra Sharma (ed.), Economic Development and World Debt, chapter 6, pages 51-62, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-20044-3_6
    DOI: 10.1007/978-1-349-20044-3_6
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    Cited by:

    1. Kathrin Berensmann & Angélique Herzberg, 2009. "Sovereign Insolvency Procedures – A Comparative Look At Selected Proposals," Journal of Economic Surveys, Wiley Blackwell, vol. 23(5), pages 856-881, December.

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