International debt and the developing countries / edited by Gordon W. Smith and John T. Cuddington (Record no. 25078)

MARC details
000 -LEADER
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005 - DATE AND TIME OF LATEST TRANSACTION
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020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 821304577
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 332.15 INT
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Gordon W. Smith (ed.)
245 #0 - TITLE STATEMENT
Title International debt and the developing countries / edited by Gordon W. Smith and John T. Cuddington
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Washington
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. The World Bank.
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 1986
300 ## - PHYSICAL DESCRIPTION
Extent 339 p.
520 ## - SUMMARY, ETC.
Summary, etc. During the decade ending in 1983, developing countries' outstanding international debt increased fivefold to $810 billion. In some ways this massive flow of capital represents a remarkable success, unimaginable only twenty years ago. Equally unexpected was the prime role played by commercial banks in the whole process. The World Debt Tables (World Bank 1984) indicate that fully two-thirds of net flows from all private and official sources were intermediated by the international banking system.<br/><br/>Events of the last three years, however, have raised serious questions about the mechanisms that evolved in the 1970s for transferring resources. More than eighty reschedulings in the 1975-83 period, numerous arrears, moratoriums, and a rising number of nonperforming loans demonstrate the inability of many countries to service their debts according to the terms originally contracted. Restoring creditworthiness following repayment difficulties has usually implied a period of rather severe economic austerity in the borrowing country. In some cases, the political and social costs, as well as the economic costs, of such austerity measures have been high.<br/><br/>In the wake of the recent crises, the prospects are dim for the immediate resumption of net resource transfers from rich to poor countries through traditional means. Indeed, for some countries negative resource flows over the next few years are a distinct possibility. A severe reduction in net capital inflows, let alone the imposition of a net capital outflow over an extended period, could have profound consequences for the economic development prospects of debtor countries.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Debts external developing countries
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Books
Source of classification or shelving scheme Dewey Decimal Classification
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Source of acquisition Total checkouts Full call number Barcode Date last seen Price effective from Koha item type
  Not Missing Not Damaged   Gandhi Smriti Library Gandhi Smriti Library 2020-02-02 MSR   332.15 INT 29957 2020-02-02 2020-02-02 Books

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