Edited by Graham Bird, Professor, Claremont McKenna College and Claremont Graduate University, US and Emeritus Professor, University of Surrey, UK and P.N. Snowden, Senior Lecturer in Economics, University of Lancaster, UK

• PART IMOTIVES FOR BORROWING AND DEBT SERVICE CAPACITY1. J. Eaton and M. Gersovitz (1981), ‘Private Lending with Potential Default: An Analytical Framework’2. Jeffrey Sachs (1984), ‘Theoretical Issues in International Borrowing’3. Jonathan Eaton and Mark Gersovitz (19980), ‘LDC Participation in International Financial Markets: Debt and Reserves’PART IILENDING RISKS; DEFAULT PROBABILITIES, CREDIT RATIONING AND BANK BEHAVIOUR4. Dwight M. Jaffee and Thomas Russell(1976), ‘Imperfect Information, Uncertainty, and Credit Rationing’5. Joseph E. Stiglitz and Andrew Weiss (1981), ‘Credit Rationing in Markets with Imperfect Information’6. Jonathan Eaton and Mark Gersovitz (1981), ‘Debt with Potential Repudiation: Theoretical and Empirical Analysis’7. Kenneth M. Kletzer (1984), ‘Asymmetries of Information and LDC Borrowing with Sovereign Risk’8. Gershon Feder and Richard E. Just (1977), ‘A Study of Debt Servicing Capacity Applying Logit Analysis’9. Sebastian Edwards (1984), ‘LDC Foreign Borrowing and Default Risk: An Empirical Investigation, 1976-1980’PART IIIBORROWER AND LENDER MISCALCULATIONS IN THE 1970S AND 1980S10. Andrew Berg and Jeffrey Sachs (1988), ‘The Debt Crisis: Structural Explanations of Country Performance’11. Rudiger Dornbusch (1985), ‘External Debt, Budget Deficits, and Disequilibrium Exchange Rates’12. Carlos F. Dinaz-Alejandro (1984), ‘Latin American Debt: I Don’t Think We Are in Kansas Anymore’13. Richard N. Cooper and Jeffrey D. Sachs (1985), ‘Borrowing Myopia in International Banking’VOLUME IIPART ICRISIS: RE-EMERGENCE OF THE TRANSFER PROBLEM AND THE 1930S PARALLEL1. J. M. Keynes (1929), ‘The German Transfer Problem’2. Evsey D. Domar (1957), ‘The “Burden of the Debt” and the National Income’3. Rudiger Dornbusch (1985), ‘Policy and Performance Links between LDC Debtors and Industrial Nations’4. William R. Cline (1983), ‘International Debt and the Stability of the World Economy’5. Barry Eichengreen and Richard Portes (1986), ‘Debt and Default in the 1930s: Causes and Consequences’PART IISTRATEGIC BEHAVIOUR BY BORROWERS AND LENDERS6. Paul Krugman (1985), ‘International Debt Strategies in an Uncertain World’7. Jeremy Bulow and Kenneth Rogoff (1989), ‘A Constant Recontracting Model of Sovereign Debt’8. Jeffrey Sachs and Harry Huizinga (1987), ‘U. S. Commercial Banks and the Developing-Country Debt Crisis’PART IIIDEBT RESCHEDULING, BUY-BACKS, RELIEF AND REDUCTION9. W. Max Corden (1989), ‘Debt Relief and Adjustment Incentives’10. Paul Krugman (1988), ‘Financing vs. Forgiving a Debt Overhang’11. Paul R. Krugman (1989), ‘Market-Based Debt-Reduction Schemes’12. Graham Bird (1987), ‘Debt Swapping in Developing Countries: A Preliminary Investigation’13. Michael P. Dooley (1988), ‘Buy-Backs and Market Valuation of External Debt’14. Michael P. Dooley (1988), ‘Self-Financed Buy-Backs and Asset Exchanges’15. Jeremy Bulow and Kenneth Rogoff (1988), ‘The Buyback Boondoggle’PART IVSOLUTIONS: COMPREHENSIVE SCHEMES AND APPROPRIATE PRIVATE FINANCE16. W. Max Corden (1988), ‘An International Debt Facility?’17. Donald R. Lessard (1989), ‘Beyond the Debt Crisis: Alternative Forms of Financing Growth’

'Bird and Snowden have provided a useful service in pulling together a good selection of material which would otherwise be hard to find. These volumes will be particularly valuable to students and teachers of international economics.'