DEBT GAMES by Vinod K. Aggarwal ( 9780521352024 ) - Books & Audio Books at Pickabook.co.uk

Item Details

Title:

DEBT GAMES
STRATEGIC INTERACTION IN INTERNATIONAL DEBT RESCHEDULING

By:

Vinod K. Aggarwal

Format:

Hardback

List price:

£105.00

Our price:

£91.88

Discount:

12.5% off

You save:

£13.12

ISBN 10:

0521352029

ISBN 13:

9780521352024

Availability:

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Stock:

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Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

31 May, 1996

Pages:

632

Description:

This book explains the significant variation that has emerged over time and across cases in international debt rescheduling during the last one hundred and seventy years.

Synopsis:

International debt rescheduling, both in earlier epochs and our present one, has been marked by a flurry of bargaining. In this process, significant variation has emerged over time and across cases in the extent to which debtors have undertaken economic adjustment, banks or bondholders have written down debts, and creditor governments and international organizations have intervened in negotiations. Debt Games develops and applies a situational theory of bargaining to analyze the adjustment undertaken by debtors and the concessions provided by lenders in international debt rescheduling. This approach has two components: a focus on each actor's individual situation, defined by its political and economic bargaining resources, and a complementary focus on changes in their position. The model proves successful in accounting for bargaining outcomes in eighty-four percent of the sixty-one cases, which include all instances of Peruvian and Mexican debt rescheduling over the last one hundred and seventy years as well as Argentine and Brazilian rescheduling between 1982 and 1994.

Illustrations:

7 b/w illus.

Publication:

Imprint:

Cambridge University Press

Returns:

Returnable

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DEBT GAMES