Description
Book SynopsisExamining the causes of the acute Latin American debt crisis that began in mid-1982, North American analysts have typically focused on deficiencies in the debtor countries' economic policies and on shocks from the world economy. Much less emphasis has been placed on the role of the region's principal creditors--private banks--in the development of
Trade ReviewOne of Choice's Outstanding Academic Titles for 1991 "[This] substantial study argues that Latin America's debt crisis of the 1980s and the resulting regionwide recession are owed largely to the role of commercial banks, which overexpanded credit and then overcontracted when the region's liquidity problems became evident."--Abraham Lowenthal, Foreign Affairs "Offers an excellent analysis of the factors that contributed to the chronic borrowing by Latin American countries in the 1970s and the consequent run-up in the international debt to its present heights."--Patrick Conway, Latin American Research Review
Table of Contents*FrontMatter, pg. i*CONTENTS, pg. vii*LIST OF FIGURES, pg. ix*LIST OF TABLES, pg. xi*PREFACE, pg. xv*CHAPTER ONE. Introduction: The Crisis in Latin America, pg. 1*CHAPTER TWO. Growth and Transformation of International Banking: An Overview, pg. 8*CHAPTER THREE. International Banking: Its Structure and Performance during the 1970s, pg. 56*CHAPTER FOUR. The Expansive Phase of an LDC Credit Cycle, pg. 123*CHAPTER FIVE. The Crash and the Political Economy of Rescheduling, pg. 181*CHAPTER SIX. The Outward Transfer of Resources: What Can Be Done About It?, pg. 236*APPENDIX. The Methodology of the Case Studies on Bolivia and Peru, pg. 283*BIBLIOGRAPHY, pg. 287*INDEX, pg. 309
