International Finance and the Less Developed Countries

This volume considers issues on the management of foreign debt, and the macroeconomic policies that developing countries should pursue. It looks at a variety of the aspects of this subject, such as the scope of securitization and debt reduction via voluntary conversions.

Inhalt
Evaluating the effects of IMF-supported adjustment programs - a survey, Moshin S.Khan; comments, Graham Bird and P.N.Junankar; securitization of developing country bank debt, Peter Stanyer; comments, Antony Saunders and Zannis Res; voluntary conversions of LDC debt, Paul Dileo and Eli M.Remolona; comments, Colin Mayer and David Blake; inflation, financial liberalization and bankruptcies in Argentina, Carmen Li and Manmood Pradhan; comments, Alan R.Roe; capital controls in Argentina, Chile and Uruguay, Kate Phylaktis; comments, Alan Winters and Alec Chyrstal; money and economic growth, Alan L.Marty; comments, Geoffrey E.Wood and Meghnad Desai.