International Debt

From the Paper:

"INTRODUCTION

The problem of international debt financing reached the crisis level in the late 1980s and the first two years of this young decade; however, efforts by the United States government and several international financial entities have proved effective in lessening the threat posed to international financial markets. The cooperation of major American banking institutions was essential for the success of the international strategies, since these American banks held much of the outstanding debt particularly debt issued to Latin American nations. This paper will first investigate the international debt problem, including examination of its effect on banks in the United States, then the focus will shift to analysis of the measures enacted to begin the process of solving the crisis ..."

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