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Examining historical sovereign debt crises in developing and transition economies, this text concludes that these occurrences have been economic and social catastrophes and are likely to happen again in the future due to the 'boom and bust' nature of economic cycles.

International finance --- Developing countries --- LDC / Developping Countries - Pays En Développement --- 339.115 --- 336.301 --- 336.312.3 --- 336.3 --- 339.96 --- Developing Countries --- Debts, External --- -336.3435 --- Debts, Foreign --- Debts, International --- External debts --- Foreign debts --- International debts --- Debt --- Investments, Foreign --- Buitenlandse schuld. Debt Equity Swap in LDC. --- Toestand, structuur, rentelast en evolutie van de rijksschuld. --- Solvabiliteit, kredietwaardigheid van de landen. Risicolanden. --- Nationale schulden. Staatsschulden. Openbare schulden. Staatslening. Staatsfondsen. Staatsbankroet --- Ontwikkelingshulp. Ontwikkelingssamenwerking. Ontwikkelingsproblematiek --- Economic conditions. --- Schuldenkrise --- Entwicklungsländer --- Schuldenkrise. --- Entwicklungsländer. --- 339.96 Ontwikkelingshulp. Ontwikkelingssamenwerking. Ontwikkelingsproblematiek --- 336.3 Nationale schulden. Staatsschulden. Openbare schulden. Staatslening. Staatsfondsen. Staatsbankroet --- 336.3435 --- Toestand, structuur, rentelast en evolutie van de rijksschuld --- Solvabiliteit, kredietwaardigheid van de landen. Risicolanden --- Buitenlandse schuld. Debt Equity Swap in LDC

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There is a dissatisfaction with the economic policies advocated by many international financial institutions. This book presents an alternative to 'Washington Consensus' neo-liberal economic policies by showing that both macro-economic and liberalization policy must be sensitive to the particular circumstances of developing countries.

Macroeconomics. --- Economic policy. --- Sustainable development. --- Developing countries --- AA / International- internationaal --- LDC / Developping Countries - Pays En Développement --- 338.340 --- 331.31 --- 333.432.8 --- Macroeconomic policy --- 339.5 --- Algemene ontwikkeling in de Derde Wereld. --- Economisch beleid. --- Internationale monetaire organisatie. Internationaal Muntfonds. Algemene leningovereenkomsten. --- Economic policy --- Macroeconomics --- Sustainable development --- Development, Sustainable --- Ecologically sustainable development --- Economic development, Sustainable --- Economic sustainability --- ESD (Ecologically sustainable development) --- Smart growth --- Sustainable economic development --- Economic development --- Economics --- Economic nationalism --- Economic planning --- National planning --- State planning --- Planning --- National security --- Social policy --- Economisch beleid --- Internationale monetaire organisatie. Internationaal Muntfonds. Algemene leningovereenkomsten --- Algemene ontwikkeling in de Derde Wereld --- Environmental aspects --- Comparative economics --- Capital movements --- E-books --- Capital flight --- Capital flows --- Capital inflow --- Capital outflow --- Flight of capital --- Flow of capital --- Movements of capital --- Balance of payments --- Foreign exchange --- International finance --- Comparative economic systems --- Economics, Comparative --- Developing countries - Economic policy.