Evolving Problems of International Financial Intermediation

Abstract

In their task of international financial intermediation the banks will face in the eighties three interrelated challenges of major dimension:

• a. to finance growing and probably more unstable international payments imbalances: this is the recycling challenge; and

• b. to finance the huge investments required for the development of new energy resources: the energy challenge;

• c. to finance the huge investments required in developing countries to increase productivity and alleviate poverty: this is the development challenge.

I am grateful to Bernard Snoy for his assistance in the preparation of this paper.