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Debt Problems of Eastern Europe

Name: Debt Problems of Eastern Europe
Brand: Cambridge University Press
SKU: 02024377
Price: 18761 HUF
Availability: InStock
Author: Iliana Zloch-Christy
ISBN: 9780521169318

Iliana Zloch-Christy

Language

English

Book Paperback

Libristo code: 02024377

Publishers Cambridge University Press, March 2011

In this 1988 book, Iliana Zloch-Christy analyzes the causes and consequences of the massive Eastern... Full description

Libristo code: 02024377

125 b

18 761 Ft

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In this 1988 book, Iliana Zloch-Christy analyzes the causes and consequences of the massive Eastern European debt to the West accumulated in the 1970s. In assessing the region's convertible-currency debt problem, the author addresses five main issues: the origins of the debt; the possibility that such a debt was essential to Eastern Europe's economic development; the effects of the countries' own adjustments to the problem; Western policies toward resolving the Eastern European debt difficulties; and the outlook for the debt during the rest of the 1980s. This book evaluates the flaws of the centrally planned economies that led to the crisis, as well as the countries' lack of effective structural adjustment. The author also covers the roles of the International Monetary Fund and the World Bank, and looks at the potential debt consequences of resurging East–West trade.