LDC debt developments and regulatory implications for U.S. banks
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LDC debt developments and regulatory implications for U.S. banks

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Published by Congressional Research Service, Library of Congress, Major Issues System in [Washington, D.C.] .
Written in English


  • Debts, External -- Developing countries,
  • Loans, Foreign -- Developing countries,
  • Banks and banking -- United States,
  • Banks and banking, International,
  • Banking law -- United States

Book details:

Edition Notes

Statementby Walter W. Eubanks
SeriesCRS issue brief -- order code 86143, Issue brief (Library of Congress. Major Issues System) -- no. IB86143, Major studies and issue briefs of the Congressional Research Service -- 1986-87, reel 12, fr. 000822
ContributionsLibrary of Congress. Major Issues System
The Physical Object
Pagination15 p.
Number of Pages15
ID Numbers
Open LibraryOL15455498M

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This paper looks at the problem of debt owed by developing country (LDC) governments (or sovereign debt) to overseas banks. This debt is the largest part of a wider LDC debt .   In , the LDC loans provided by U.S. banks represented more than percent of the capital held by these banks. As these LDCs experienced debt repayment problems, the banks reduced their exposure considerably. By , the LDC debt held by U.S. banks was reduced to Author: Jeff Madura, Emilio R. Zarruk. The new U.S. debt policy announced by Secretary of the Treasury Nicholas Brady on Ma , recognized publicly for the first time the United States Government's belief that debt reduction (i.e., forgiveness of part of the principal on the LDC debt) is essential to the solution of the debt . Then in March of , U.S. Treasury Secretary Nicholas Brady made debt reduction the new cornerstone of the official LDC debt policy. (The Brady Plan replaced the failed Baker Plan, which in called for the banks to increase net lending flows to troubled LDC .

LDC Debt and U. S. and World Economic Stagnation: Overcoming Contradictions in Global Interdependence (pp. ) Ronald E. Müller, David Moore and Robert Cohen.   Novem Central Bank Digital Currency: A Literature Review. Francesca Carapella and Jean Flemming. Technological advances in recent years have led to a growing number of fast, electronic means of payment available to consumers for everyday transactions, raising questions for policymakers about the role of the public sector in providing a digital payment instrument for the . Brookings Papers on Economic Activity, Table 1. Claims of U.S. Banks in the LDC Debtor Countries, End Millions of dollars except as noted.   History of the Eighties — Lessons for the Future, a study prepared by the FDIC’s Division of Research and Statistics, provides us with an interesting study on the LDC debt I, Part 2, ch. 5 () concludes: From the middle to late s, a number of economists, government officials, and journalists expressed concerns that the volume of lending to less-developed countries could.

Explain the evolution and characteristics of the debt problems of LDCs. In the light of the various steps taken by the international community, has the problem been overcome? If not suggest possible solutions. According to Joint BIS-IMF-OECD-World Bank Statistics on External Debt, the total amount of money owed by LDCs and countries in transition was US$2,, [ ]. The Banking Crises of the s and Early s: Summary and Implications 2. Banking Legislation and Regulation 3. Commercial Real Estate and the Banking Crises of the s and Early s 4. The Savings and Loan Crisis and Its Relationship to Banking. Part 2: Sectoral and Regional Crises. 5. The LDC Debt Crisis 6. The Mutual Savings Bank. or entering official or commercial bank debt rescheduling agreements) saw their combined trade deficit increase from $ billion in to $21 billion in Interest payments rose from $15 biUion in to $58 billion in During the late s interest payments due on LDCs' external debt had been more than matched by new borrowing. This book is comprised of 14 chapters and opens with a historical overview of developing nations' debt before turning to LDC debt since the OPEC price increases and the developing countries' abilities to carry debt.