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Economic Stabilization and Debt in Developing Countries Book

Economic Stabilization and Debt in Developing Countries
Economic Stabilization and Debt in Developing Countries, Drawing on preliminary results from a massive study conducted by the World Bank to probe the links between stabilization and growth, Cooper examines the experience of developing countries faced by the oil shocks of the 1970s and the debt crisis of the 198, Economic Stabilization and Debt in Developing Countries has a rating of 3.5 stars
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Economic Stabilization and Debt in Developing Countries, Drawing on preliminary results from a massive study conducted by the World Bank to probe the links between stabilization and growth, Cooper examines the experience of developing countries faced by the oil shocks of the 1970s and the debt crisis of the 198, Economic Stabilization and Debt in Developing Countries
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  • Economic Stabilization and Debt in Developing Countries
  • Written by author Richard N. Cooper
  • Published by MIT Press, February 1992
  • Drawing on preliminary results from a massive study conducted by the World Bank to probe the links between stabilization and growth, Cooper examines the experience of developing countries faced by the oil shocks of the 1970s and the debt crisis of the 198
  • Drawing on preliminary results from a massive study conducted by the World Bank to probe the links between stabilization and growth, Cooper examines the experience of developing countries faced by the oil shocks of the 1970s and the debt crisis of the 198
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List of Tables and Figures
Preface
Introduction
1How Countries Coped with External Disturbances1
The First Oil Shock1
Impact of an Oil Price Increase5
Country Responses9
External Borrowing16
The Second Oil Shock21
Country Responses28
An Export Boom: Oil34
An Export Boom: Coffee37
2Economic Retrenchment in Theory and Practice49
Analysis of Economic Retrenchment49
Financing Government58
The Role of the International Monetary Fund72
Appendix82
3Generalizations and Lessons89
Economic Performance in the 1980s89
Reasons for Disparate Performance92
Stabilization and Growth108
What Lessons Can We Learn?110
General Observations116
4The Lingering Problem of Developing-Country Debt: Origins121
A Brief Status Report122
How Did We Get into the Debt Crisis?127
Historical and Domestic Solutions139
5The Lingering Problem of Debt: Proposed Solutions145
The Baker Plan and the Brady Initiative152
The Kenen Proposal155
Prospects for the Future160
Notes171
References185
Index191


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Economic Stabilization and Debt in Developing Countries, Drawing on preliminary results from a massive study conducted by the World Bank to probe the links between stabilization and growth, Cooper examines the experience of developing countries faced by the oil shocks of the 1970s and the debt crisis of the 198, Economic Stabilization and Debt in Developing Countries

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Economic Stabilization and Debt in Developing Countries, Drawing on preliminary results from a massive study conducted by the World Bank to probe the links between stabilization and growth, Cooper examines the experience of developing countries faced by the oil shocks of the 1970s and the debt crisis of the 198, Economic Stabilization and Debt in Developing Countries

Economic Stabilization and Debt in Developing Countries

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Economic Stabilization and Debt in Developing Countries, Drawing on preliminary results from a massive study conducted by the World Bank to probe the links between stabilization and growth, Cooper examines the experience of developing countries faced by the oil shocks of the 1970s and the debt crisis of the 198, Economic Stabilization and Debt in Developing Countries

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