The international debt crisis and the Craxi Report

Article Abstract:

The United Nation's 'External Debt Crisis and Development' report, also known as the Craxi Report, can influence reformulation of debt-payment schemes of debtor nations. Concessions from lending nations and institutions can actually make debt securities more valuable by increasing the capacity of borrowing nations to pay. Recommendations on segmenting debtor nations into low-income, middle-income and 'middle-income developing' countries are discussed. Distinctions between the borrower countries can facilitate dealing with lending institutions when negotiating for debt payment and reduction schemes and added financing.

Reports, United Nations, External debts

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The ongoing weakening of the international financial system

Article Abstract:

A hegemon-by-committee, or a group of nations playing the role of a dominant financial power, is necessary for the international financial system to withstand crises arising from drastic shifts of funds among national currencies, accompanied by large movements of exchange rates. These wide fluctuations in exchange rates and subsequent financial transactions can trigger a collapse of prices in dollar-denominated financial assets in US financial markets, thus undermining the global economy. With no single nation apparently capable of playing the hegemon, international cooperation is imperative.

Administration of General Economic Programs, Intnl Economic Policy

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The IMS (International Monetary System ... or Scandal) and the EMS (European Monetary System ... or Success)

Article Abstract:

Plans for an International Monetary System can possibly result in an inequity in the redistribution of reserves between under-financed and over-financed countries. Inflation-inducing policies can be pursued by national and financial leaders that would remain unchecked by the international community. The plan can influence insufficiently capitalized nations into lending their much-needed reserves to foreign capital-independent countries. In contrast, monetary cooperation can be effectively implemented within specific regions as shown by the European Monetary System.

European Monetary System

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