MICHEL HENRI BOUCHET has served as a country risk analyst with the Office of the Prime Minister in France and with the Banque Nationale de Paris. More recetly he was Senior Economist with the Institute of International Finance in Washington, D.C.

• Introduction: The Multiple Faces of the Debt Crisis The Stage of the Debt Crisis: A Sketch of the Actors' Roles The Banking Approach: Structural Myopia and Systemic Inertia The Official Approach: The Search for an Adequate Mix of Adjustment and Financing The Functionalist Approach: The Savings and Foreign Exchange Constraint The Marxist Approach: A Theory of Financial Exploitation The Dependency Approach: A Historical-Structural Method of Analysis Conclusion: A Political Economy of Internationl Debt Appendix Bibliography Index

MICHEL HENRI BOUCHET has served as a country risk analyst with the Office of the Prime Minister in France and with the Banque Nationale de Paris. More recetly he was Senior Economist with the Institute of International Finance in Washington, D.C.

• Introduction: The Multiple Faces of the Debt Crisis The Stage of the Debt Crisis: A Sketch of the Actors' Roles The Banking Approach: Structural Myopia and Systemic Inertia The Official Approach: The Search for an Adequate Mix of Adjustment and Financing The Functionalist Approach: The Savings and Foreign Exchange Constraint The Marxist Approach: A Theory of Financial Exploitation The Dependency Approach: A Historical-Structural Method of Analysis Conclusion: A Political Economy of Internationl Debt Appendix Bibliography Index

MICHEL HENRI BOUCHET has served as a country risk analyst with the Office of the Prime Minister in France and with the Banque Nationale de Paris. More recetly he was Senior Economist with the Institute of International Finance in Washington, D.C.

• Introduction: The Multiple Faces of the Debt Crisis The Stage of the Debt Crisis: A Sketch of the Actors' Roles The Banking Approach: Structural Myopia and Systemic Inertia The Official Approach: The Search for an Adequate Mix of Adjustment and Financing The Functionalist Approach: The Savings and Foreign Exchange Constraint The Marxist Approach: A Theory of Financial Exploitation The Dependency Approach: A Historical-Structural Method of Analysis Conclusion: A Political Economy of Internationl Debt Appendix Bibliography Index