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RESEARCH PRODUCT

The international debt problem: An analysis of the Brady plan

Michael Frenkel

subject

Financebusiness.industrymedia_common.quotation_subjectEconomics Econometrics and Finance (miscellaneous)Developing countrySecondary marketInternational tradeExternal debtDebt service coverage ratioTreasuryIndebtednessDebtEuropean integrationEconomicsddc:330Business Management and Accounting (miscellaneous)Internal debtbusinessmedia_common

description

Recently the American Treasury Secretary, Nicholas Brady, launched a new initiative in which he proposed reducing the developing countries’ bank debt. What are the elements of the plan, and which countries would benefit? What problems does it entail? Can it bring about a decisive improvement in the international debt situation of the developing countries? The following two articles attempt to answer these questions.

10.1007/bf02928561https://hdl.handle.net/10419/140184