Contents

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Preface xi
4. 1. Introduction 1
5. I. Country Studies
6. Argentina
7. 2. Debt and Macroeconomic Instability in Argentina 37
8. Bolivia
9. 3. Bolivia’s Economic Crisis 57
10. Brazil
11. 4. The Macroeconomics of the Brazilian External Debt 81
12. Indonesia
13. 5. The Conduct of Economic Policies in Indonesia and Its Impact on External Debt 101
14. Korea
15. 6. External Debt and Macroeconomic Performance in South Korea 121
16. Mexico
17. 7. Mexico 1958-86: From Stabilizing Development to the Debt Crisis 141
18. Philippines
19. 8. Debt Crisis and Adjustment in the Philippines 169
20. Turkey
21. 9. Turkish Experience with Debt: Macroeconomic Policy and Performance 193
22. Remarks on Country Studies 212
23. II. Special Topics
24. History of Debt Crisis
25. 10. How Sovereign Debt Has Worked 225
26. 11. The U.S. Capital Market and Foreign Lending, 1920 - 1955 237
27. Adjustment Problems in Debtor Countries
28. 12. Structural Adjustment Policies in Highly Indebted Countries 249
29. 13. The Politics of Stabilization and Structural Adjustment 263
30. 14. Conditionality, Debt Relief, and the Developing Country Debt Crisis 275
31. The International System
32. 15. Private Capital Flows to Problem Debtors 285
33. 16. Debt Problems and the World Macroeconomy 299
34. 17. Resolving the International Debt Crisis 313
35. Contributors 325
36. Name Index 327
37. Subject Index 329