The author considers the risks that the failure of Third World economies pose for highly exposed banks, whose collapse would threaten domestic as well as international financial systems.
Introduction Chapter 2 The Institutional Structure of International Debt Renegotiations Chapter 3 An Optimal Institutional Structure for Debt Renegotiations Chapter 4 A Sequential Bargaining Model of Debt Renegotiation Chapter 5 The Role of Prediction Models Chapter 6 Summary and Conclusions
