The International Debt Crisis in Historical Perspective

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Barry Eichengreen, Peter H. Lindert
MIT Press, 1992 - Business & Economics - 294 pages
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This anatomy of financial crises shows that the worldwide debt crisis of the 1980s was not unprecedented and was even forecast by many. Eichengreen and Lindert bring together original studies that assess the historical record to see what lessons can be learned for resolving today's crisis.

"Me International Debt Crisis in Historical Perspective] demonstrates effectively how the historical perspective can help us understand the nature of international debt crises with particular recurring features such as reckless borrowing, excessive optimism of lenders, and the failure to recognize the time dimension in economic development... This stimulating volume shows the value of the historical perspective for policymakers, lenders, and borrowers when appraising foreign investment possibilities, dangers, and pitfalls. The future is not always like the past, but resembles it often enough for the past to be a relevant consideration. " - A. G. Ford, Economic History Review
  

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Contents

Section 1
1
Section 2
12
Section 3
15
Section 4
48
Section 5
59
Section 6
60
Section 7
67
Section 8
68
Section 14
123
Section 15
124
Section 16
131
Section 17
140
Section 18
161
Section 19
165
Section 20
180
Section 21
230

Section 9
69
Section 10
86
Section 11
99
Section 12
106
Section 13
121
Section 22
231
Section 23
239
Section 24
254
Section 25
266

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About the author (1992)

Barry Eichengreen is George C. Pardee and Helen N. Pardee Professor of Economics and PoliticalScience at the University of California, Berkeley. He is the author of Capital Flows andCrises (MIT Press, 2002) and other books.

Peter H. Lindert is Professor of Economics at the University of California, Davis.

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