External Debt Servicing: A Vicious Circle

by Alvaro Cencini, Bernard Schmitt

The objective of this book is to show that the debt servicing problem is related to the actual structure of monetary payments and that its understanding requires a new approach to monetary analysis. After a critical appraisal of the International Monetary System from Bretton Woods onwards the authors propose an original accounting solution to the problem of external debt servicing. Their proposals are likely to create controversy in this politically sensitive area of world economics.

237 pages, Hardcover

First published January 1, 1991