... evidence of risk‐sharing implicit contracts. This could in part be explained by the ignorance of risks shown by commercial sex workers. But even where, in the case of the poorest prostitutes, there is apparent evidence of risk‐sharing, it is argued that this is better explained in terms of a theory of debt...

... rates pegged to an appreciating US dollar clearly caused current account deficit problems, which were exacerbated by imprudent bank lending and debt management practices. The economies of Thailand, Indonesia, Malaysia, South Korea and the Philippines were vulnerable to speculative runs...

... of government expenditure and reducing the national debt simultaneously. This article attempts to explain the policy of structural standardization and to suggest why it was eventually abandoned. After World War II the Dutch government had to put its finances in order. The national debt was higher than...

...Arnold McKee The total of foreign debt of less developed countries (LDCs) is so great that only a modest part of the interest and principal due is ever likely to be paid. The dilemma of the situation is that further capital inflow is necessary for growth and poverty relief, but is unlikely...