SEAMUS O'CLEIREACAIN is Associate Professor of Economics at the State University of New York at Purchase and Adjunct Associate Professor of Economics at Columbia University. He is Associate Director of the Center for Labor-Management Policy Studies at the Graduate School and University Center of the City University of New York, and Director of US-EC Seminars at the Institute on Western Europe, Columbia University.

• The Plunge into Debt Debt and the Balance of Payments Debt and Development Strategies Sovereign Debt and Private Lenders The Influence of the External Environment Governments and the IMF IMF and IBRD Conditionality Domestic Adjustment in Debtor Countries The Response of the United States Debt Renegotiation and Rescheduling Conclusion Appendix: U.S. Treasury and Federal Reserve Support Operations for Debtor Nations Selected Bibliography Index

SEAMUS O'CLEIREACAIN is Associate Professor of Economics at the State University of New York at Purchase and Adjunct Associate Professor of Economics at Columbia University. He is Associate Director of the Center for Labor-Management Policy Studies at the Graduate School and University Center of the City University of New York, and Director of US-EC Seminars at the Institute on Western Europe, Columbia University.

• The Plunge into Debt Debt and the Balance of Payments Debt and Development Strategies Sovereign Debt and Private Lenders The Influence of the External Environment Governments and the IMF IMF and IBRD Conditionality Domestic Adjustment in Debtor Countries The Response of the United States Debt Renegotiation and Rescheduling Conclusion Appendix: U.S. Treasury and Federal Reserve Support Operations for Debtor Nations Selected Bibliography Index

SEAMUS O'CLEIREACAIN is Associate Professor of Economics at the State University of New York at Purchase and Adjunct Associate Professor of Economics at Columbia University. He is Associate Director of the Center for Labor-Management Policy Studies at the Graduate School and University Center of the City University of New York, and Director of US-EC Seminars at the Institute on Western Europe, Columbia University.

• The Plunge into Debt Debt and the Balance of Payments Debt and Development Strategies Sovereign Debt and Private Lenders The Influence of the External Environment Governments and the IMF IMF and IBRD Conditionality Domestic Adjustment in Debtor Countries The Response of the United States Debt Renegotiation and Rescheduling Conclusion Appendix: U.S. Treasury and Federal Reserve Support Operations for Debtor Nations Selected Bibliography Index