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A Retrospective on the Debt Crisis

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NBER1994-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4963
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In this paper I argue that the international debt crisis of 1982 can best be understood as a prolonged negotiation between commercial banks and their own governments over who would bear the economic losses generated by loans made to developing countries. This interpretation of the debt crisis is
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1994-12-01
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