International Debt: Systemic Risk and Policy Response

In This Review

By William R. Cline

Institute for International Economics, 1984, 320 pp

These days publication cannot keep up with negotiation in the rescheduling of international debt. Still, this good book justifies its existence by looking at continuing problems of maintaining the flow of funds, strengthening the banking system, and adapting obligations to circumstances that the author confidently expects will improve.

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Reviewed by William Diebold, Jr.

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