Official Credits to Developing Countries Implicit Transfers to the Banks
Harry Huizinga, Asl? Demirgüç-Kunt
Jan 1991 · Pre working paper series Book 592 · World Bank Publications
eBook
29
Pages
About this eBook
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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