1985 debt crisis
20th century economics
A01=Barbara Stallings
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american investment in latin america
american loans
Author_Barbara Stallings
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capital export
Category1=Non-Fiction
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COP=United States
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early 20th century lending boom
economics
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finance
international debt
international finance
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latin american debt
latin american economic history
latin american finance
lending boom
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portfolio investment
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third world finance
us and latin american economies
us latin america financial relations
us portfolio investment
world economics
world finance
Product details
- ISBN 9780520302266
- Weight: 499g
- Dimensions: 127 x 203mm
- Publication Date: 22 Jun 2018
- Publisher: University of California Press
- Publication City/Country: US
- Product Form: Paperback
- Language: English
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By the end of 1985, Latin Americans owed their foreign creditors $368 billion. That was nearly $1,000 for every man, woman, and child between the Rio Grande and Tierra del Fuego. The debt represented more than half of the region's gross domestic product, and interest payments alone consumed 36 percent of export revenues. If profits are added to interest, and the total compared to new capital inflows, the drama of the situation becomes clear: a real resource transfer from Latin American was under way. More than three-fourths of Latin America's debt was owed to several hundred commercial banks with headquarters in North America, Europe, and Japan.
Banker to the Third World examines why the loans that precipitated the 1985 debt crisis were made, how these loans were similar to, and different from, other loans, what solutions to the crisis would be effective, and how such problems could be avoided in the future.
When originally published, this title presented a new and timely analysis of the crisis; today it serves as a historical exploration that will give readers a better understanding of both Latin American economic history and more recent foreign debt crises.
This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1987.
Banker to the Third World examines why the loans that precipitated the 1985 debt crisis were made, how these loans were similar to, and different from, other loans, what solutions to the crisis would be effective, and how such problems could be avoided in the future.
When originally published, this title presented a new and timely analysis of the crisis; today it serves as a historical exploration that will give readers a better understanding of both Latin American economic history and more recent foreign debt crises.
This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1987.
Barbara Stallings is the William R. Rhodes Research Professor at the Watson Institute for International and Public Affairs at Brown University. She is also the editor of Studies in Comparative International Development.
