The International Debt Threat: a Way to Avoid a Crash

  • Minos Zombanakis
Part of the Studies in Banking and International Finance book series (SBIF)


International indebtedness is probably the most prssing problem on the world economic horizon. Many developing countries are facing severe difficulties in servicing their foreign debt, which in total has climbed to over US $750 billion, over half of it owed to commercial banks. Already more than 25 countries, with between them bank loans of around US $250 billion, have been forced into reschedulings.


Central Bank Federal Reserve Commercial Bank Bank Loan Small Bank 
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Copyright information

© Zannis Res and Sima Motamen 1987

Authors and Affiliations

  • Minos Zombanakis

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