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Journal Article
The costs of default and international lending
An examination of the costs and benefits of LDC external debt default, with a discussion of the implications for the future of international lending.
Journal Article
Country risk
Journal Article
Bank earnings and LDC loss reserves
Journal Article
Rebound in U.S. banks' foreign lending
Journal Article
U.S. banks and LDC debt
Journal Article
LDC lending after the crisis
Working Paper
Debt conversions: economic issues for heavily indebted developing countries
This paper is a general discussion of debt conversions in heavily indebted developing countries. The paper first describes the three different types of transactions that are commonly called debt conversions. Next the paper discusses programs that have been established in Chile, Brazil, Mexico, Argentina, and the Philippines to facilitate these transactions. Then the different ways in which commercial banks can participate in these transactions and the volume of these transactions to date are discussed. The paper concludes with a discussion of a broad range of economic issues raised by these ...