Third World Debt: The Next Phase

Edward R. Fried; Philip H. Trezise

doi:10.5771/9780815719847

Summary

This volume is the record of a conference held in March 1989 that centered on a departure from the basic U.S. policy toward the long-standing problem of third world debt.Secretary of the Treasury Nicholas Brady took the occasion of the conference to announce that officially sponsored reduction of debt principal and debt interest should henceforth be an integral part of debt strategy. Promptly labeled the Brady Plan, the secretary's statement has since been the subject of extensive debate at home and abroad. Now that it has been given official sanction, debt service reduction has become an inescapable feature of the ongoing effort to manage and resolve the debt problem.

This volume considers the implications of introducing debt and debt service reduction into the preexisting menu of policies and, more specifically, to suggest the conditions under which it can be expected to hasten the removal of the third world debt problem from the international economic agenda.

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Bibliographic data

Edition: 1/2010
Copyright Year: 2010
ISBN-Print: 978-0-8157-2977-8
ISBN-Online: 978-0-8157-1984-7
Publisher: Rowman & Littlefield, Lanham
Language: English
Pages: 118
Product Type: Edited Book

1. Contents No access
Overview No access Pages 1 - 2
EDWARD R. FRIED and PHILIP H. TREZISE No access Pages 3 - 16
1. PAUL A. VOLCKER Former Chairman, Federal Reserve Board No access
2. BARBER CONABLE President, World Bank No access
3. MICHEL CAMDESSUS Managing Director, International Monetary Fund No access
4. ENRIQUE V. IGLESIAS President, Inter-American Development Bank No access
5. GENERAL DISCUSSION No access
1. WILLIAM D. ROGERS Former Under Secretary of State for Economic Affairs No access
1. A. W. CLAUSEN Chairman and CEO, Bank America Corporation No access
2. YUSUKE KASHIWAGI Chairman, Bank of Tokyo No access
3. WILLIAM SEIDMAN Chairman, Federal Deposit Insurance Corporation No access
4. GENERAL DISCUSSION No access
1. NICHOLAS F. BRADY U.S. Secretary of the Treasury No access
1. BILL BRADLEY United States Senator from New Jersey No access
2. PAUL S. SARBANES United States Senator from Maryland No access
3. JIM LEACH United States Representative from Iowa No access
4. GENERAL DISCUSSION No access
1. JESÚS SILVA HERZOG Former Mexican Minister of Finance No access
2. HENRY KAUFMAN President, Henry Kaufman and Company No access
3. JAMES D. ROBINSON III Chairman, American Express No access
4. SEIGO NOZAKI Senior Adviser to the President, Sumitomo Life Insurance Company No access
5. HORST SCHULMANN Managing Director, Institute of International Finance No access
6. BRUCE K. MACLAURY President, Brookings Institution No access
Conference Participants No access Pages 111 - 118