The global debt crisis : America's growing involvement /
John H. Makin.
- New York : Basic Books, Inc., Publishers, 1984
- xiv, 281 pages ; 24 cm.
Includes bibliographical references (pages 263-269) and index.
Acknowledgments -- Introduction Part I. An unprecedented crisis : Chapter 1: Dangerous loans to princes -- Chapter 2: Treaties of tyrants. Part II. Origins of the LDC crisis : Chapter 3: Cultivation of inferior soils -- Chapter 4: No more fruitless growth. Part III. Origins of the global crisis : Chapter 5: First things first -- Chapter 6: Demand does not create its own supply -- Chapter 7: Imprudent moments. Part IV. Lenders of last resort : Chapter 8: Angels, guardian and avenging -- Chapter 9: From on high. Part V. A spring uncoils : Chapter 10 : Wishful thinking and bad luck -- Chapter 11 : Treating the symptoms -- Chapter 12: For whom the bell tolls -- Notes -- Index.
"How did America's financial institutions become so deeply enmeshed in high-risk international lending? Will they ever get their money back? What are the implications for the economy as a whole? Is there a way out of this mess? A leading economist provides some sobering answers in the first definitive account of how this severe crisis began, who is responsible, and why it will not go away." -- From the back cover.