U.S. Commercial Banks and the Developing-Country Debt Crisis

Jeffrey David Sachs · Harry Huizinga · John B. Shoven

136 citations0/0 files storedBrookings Papers on Economic Activity

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Global Financial Crisis and Policies Banking stability, regulation, efficiency Credit Risk and Financial Regulations

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.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 136 citations exist upstream.

Cited by

2008Introduction: the diffusion of liberalization 1990Determinants of Secondary Market Prices for Developing Country Syndicated Loans 1990The debt laffer curve: Some estimates 1990A Strategy for Efficient Debt Reduction 1988Conditionality, Debt Relief, and the Developing Country Debt Crisis 2009Accounting Discretion of Banks During a Financial Crisis 1996Estimating the Likelihood of Mexican Default from the Market Prices of Brady Bonds 1988Default and Renegotiation of Latin American Foreign Bonds in the Interwar Period

Imported from OpenAlex (CC0) — nothing here is generated.