On Edge

This book carefully examines the motives, objectives and strategies of the major players in the global lending game: creditor governments, bank regulatory agencies, the International Monetary Fund (IMF), and the Bank for International Settlements (BIS). After outlining the interests of the debtor governments, the authors discuss the behavior of the international banks and the IMF. They offer an incisive analysis of the creditors' strategies for coping with the situation and conclude with suggested alternative solutions for resolving the crisis and for ensuring that the future will not bring more threatening debt problems.