Central Bank of Nigeria Library

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The refunding of international debt /

By: Material type: TextTextPublication details: Durham, N.C.: Duke University Press, 1973.Description: xii, 252 pISBN:
  • 0822302802
Subject(s): DDC classification:
  • 336.3'6091724 BIT
LOC classification:
  • HJ8011 .B55
Summary: This book presents a useful taxonomy of external debt and mechanisms for its refunding and distinguishes between less developed countries (LDCs) with regular access to the international capital market on commercial terms and those primarily dependent upon official grants or soft loans for their external finance. It observe that a LDC borrowing on commercial terms may quickly lose its credit worthiness. The book further distinguishes between public and private external debt and noted that the most widely publicized figures refer to public debt. Though this distinction is not a problem in evaluating the debt of the East European countries, stating that the focus on the external public debt of some LDCs could seriously understate their actual debt burden.
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Holdings
Item type Current library Collection Call number Status Date due Barcode
Monograph & others Monograph & others CBN HQ Library General Stacks Non-fiction 336.3'6091724 BIT (Browse shelf(Opens below)) Available 31008100152434

Includes bibliographical references.

This book presents a useful taxonomy of external debt and mechanisms for its refunding and distinguishes between less developed countries (LDCs) with regular access to the international capital market on commercial terms and those primarily dependent upon official grants or soft loans for their external finance. It observe that a LDC borrowing on commercial terms may quickly lose its credit worthiness. The book further distinguishes between public and private external debt and noted that the most widely publicized figures refer to public debt. Though this distinction is not a problem in evaluating the debt of the East European countries, stating that the focus on the external public debt of some LDCs could seriously understate their actual debt burden.

usc 09/08/18

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