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International Interdependence and the Debt Problem

  • M. Panić
Chapter
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Abstract

There is little doubt that the current levels and composition of developing countries’ debts present a serious threat to the survival of the international financial system. Not surprisingly, the possibility of a global financial upheaval has inspired a large and rapidly growing literature covering a wide range of issues. Yet it is far from clear that the debate has been very successful in isolating the real origin of the problem. In the debt drama, as in a detective story, the real culprit is not necessarily one of the main suspects, even though the latter may be guilty of many serious offences.

Keywords

Industrial Country Central Bank Industrial Economy Debt Problem Average Annual Percentage Change 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Dr Milivoje Panić 2003

Authors and Affiliations

  • M. Panić
    • 1
  1. 1.University of CambridgeUK

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