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U.S. commercial banks and the developing-country debt crisis

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  • Sachs, J.
  • Huizinga, H.P.

    (Tilburg University, School of Economics and Management)

Abstract

The major theme of this paper is that the commercial banks have weathered the debt crisis, while many debtor countries remain in economic paralysis or worse. There is a growing consensus that much of the LDC debt will not be fully serviced in the future, and that consensus is reflected in at least two ways: in the discounts observed in the secondary market prices for LDC debt, and in the discounts in the stock market pricing of banks with exposure in the LDCs.
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Suggested Citation

  • Sachs, J. & Huizinga, H.P., 1987. "U.S. commercial banks and the developing-country debt crisis," Other publications TiSEM ada14007-7229-4f6d-a016-f, Tilburg University, School of Economics and Management.
    • Handle: RePEc:tiu:tiutis:ada14007-7229-4f6d-a016-fab015eb2e86
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