Chapter 11

International Lending and Crises


In this chapter international lending crises are explored, looking at both causes and results. The recent financial crisis and the Greek debt crisis are examined in particular detail, in its own sections. IMF loans and IMF conditionality, particularly in the case of Greece, are discussed. The role of corruption on a country’s economic growth is examined, and the chapter concludes with a detailed discussion of the important topic of country risk analysis.


BlackRock Sovereign Risk Index; capital flight; country risk analysis; direct foreign investment; Great Recession; Greek debt crisis; IMF conditionality; international lending; International Monetary Fund (IMF)

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