Problem

Bankruptcy of countries

Incidence:
In 1998 76 states remained in default on their foreign bonds, effectively declaring their bankruptcy to the international community. On average, two new states a year have declared bankruptcy during the 1990s.
Broader Problems:
Insolvency
Values:
Bankruptcy
Problem Type:
J: Problems Under Consideration
Subject(s):
Commerce Finance
Date of last update
06.10.1998 – 00:00 CEST