This paper, following two earlier studies, reviews the arrangements for restructuring commercial bank and official debt up to early 1985.

This paper provides a description and analysis of recent developments in international capital markets and an assessment of the prospects for private financing flows.

This paper provides a description and analysis of recent developments in international capital markets and an assessment of the prospects for private financing flows, in particular to the developing countries.

The growing integration of capital markets has strengthened incentives for greater international coordination of economic and financial policies. Structural changes in these financial market, however, may have undermined the effectiveness of monetary and fiscal policy and complicated market...