Abstract
The globalization of the world financial market was made possible by technological as well as financial innovations. The securitization of debts (that is, the creation of a secondary market where loans can be traded before maturity) is an integral part of global financial networks. The secondary loan market for LDC loans has been growing very rapidly during the last four years. The total external debt of Latin American countries is currently about US$410 billion and most of it is owed to commercial banks. Based on this figure, future growth of the secondary loan market in the region will be substantial.
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© 1992 Antonio Jorge and Jorge Salazar-Carrillo
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Lasaga, M. (1992). How to Assess the Market Value of Developing Country Loans: The Case of Latin America. In: Jorge, A., Salazar-Carrillo, J. (eds) The Latin American Debt. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12051-2_9
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DOI: https://doi.org/10.1007/978-1-349-12051-2_9
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-12053-6
Online ISBN: 978-1-349-12051-2
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