This article reviews the debate about the effects of IMF-sponsored stabilization programs in
the Third World. After examining recent studies by Fund economists, results of a new study …

This paper examines the tradeoffs facing creditors of a country whose debt is large enough
that the country cannot attract voluntary new lending. If the country is unable to meet its debt …

I did not know Susan Strange. We never met in person, and neither did we ever correspond.
As I began to contemplate writing this Introduction, a thought struck me. I could not help but …

Em novembro de 1989, reuniram-se na capital dos Estados Unidos funcionários do governo
norte-americano e dos organismos financeiros internacionais ali sediados-FMI, Banco …

This paper investigates to what extent the international financial community has taken into
account the risk characteristics of borrowing less developed countries when granting loans …

The use of foreign capital by develo** countries has varied substantially across countries
and between historical periods. There has been variation both in the aggregate amounts of …

Introduction: From the Washington Consensus towards a new global governance/Narcís
Serra, Shari Spiegel, Joseph E. Stiglitz--A short history of the Washington Consensus/John …

BLAMING VICTIMS is an appealing evasion of responsibility, especially when the victims
are far from virtuous. But when sins are as heterogeneous as those of the Latin American …

Recently much attention has been given to the idea of reducing the debt of develo**
countries through a" menu approach" of schemes that attempt to harness the discounts on …

A financial crisis is a disturbance to financial markets. associated typically with falling asset
prices and insolvency among debtors and intermediaries, which spreads through the …