Official Credits to Developing Countries Implicit Transfers to the Banks
Harry Huizinga, Asl? Demirgüç-Kunt
Jan 1991 · Pre working paper seriesBook 592 · World Bank Publications
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29
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The stock market expects virtually all additional resources provided to debtor countries to be used for debt service to commercial banks. The stock market capitalization of banks increased about $6 billion at the time of the 1983 U.S. proposal to increase its quota to the IMF by $8.5 billion, and by a low estimate of $22.4 billion at the time details of the Brady Plan were recorded.
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