Date of Original Version

1-1986

Type

Response or Comment

Abstract or Description

My comments concentrate on the international debt of developing countries. I present some numerical estimates of future debt, discuss the possibility of avoiding default on debt service and estimate some effects on the U.S. trade balance. I comment, also, on some proposals for dealing with the problem and reducing risk to the U.S. banking system.

Comments

statement to President’s Economic Policy Advisory Board, January 23, 1986.

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