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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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International economic relations --- Economic development --- Globalization --- Développement économique --- Mondialisation --- Political aspects. --- Economic aspects --- Aspect politique --- Aspect économique --- Developing countries --- Pays en développement --- Economic policy. --- Politique économique --- Political aspects --- Economic policy --- AA / International- internationaal --- 331.33 --- 331.31 --- 333.432.8 --- 338.340 --- 382.257 --- Structureel beleid. Reglementering. Dereglementering. Ordnungspolitik. --- Economisch beleid. --- Internationale monetaire organisatie. Internationaal Muntfonds. Algemene leningovereenkomsten. --- Algemene ontwikkeling in de Derde Wereld. --- Internationale liquiditeiten. --- Développement économique --- Aspect économique --- Pays en développement --- Politique économique --- Keywords --- PDF --- Journal Infectologyinfectious diseases --- epidemiology --- microbiology --- parasitology --- mycology --- molecular biology --- Economisch beleid --- Structureel beleid. Reglementering. Dereglementering. Ordnungspolitik --- Internationale monetaire organisatie. Internationaal Muntfonds. Algemene leningovereenkomsten --- Algemene ontwikkeling in de Derde Wereld --- Internationale liquiditeiten --- Economic development - Political aspects --- Globalization - Economic aspects - Developing countries --- Developing countries - Economic policy