Banks and the Balance of Payments: Private Lending in the International Adjustment Process

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Banks and the Balance of Payments: Private Lending in the International Adjustment Process

Edited by Benjamin J. Cohen with Fabio Basagni
Allanheld, Osmun (for the Atlantic Institute for International Affairs), 1981
241 pp. $31.50
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This excellent study shows how the tremendous expansion of private lending has altered international financial and monetary relations. There are ten illuminating case studies but the main strength is the demonstration of the resulting problems (as well as benefits) for debtors, creditors, governments and international organizations. Proposals for improving policy and cooperation are realistically analyzed, which means that the prospects of their adoption are modest.

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