TY - JOUR AU - Dornbusch,Rudiger TI - Debt Problems and the World Macro Economy JF - National Bureau of Economic Research Working Paper Series VL - No. 2379 PY - 1989 Y2 - February 1989 UR - http://www.nber.org/papers/w2379 L1 - http://www.nber.org/papers/w2379.pdf N1 - Author contact info: Rudiger Dornbusch M1 - published as Rudiger Dornbusch. "Debt Problems and the World Macroeconomy," in Jeffrey D. Sachs, editor, "Developing Country Debt and the World Economy" University of Chicago Press, 1989 (1989) AB - This paper investigates the role of interest rates, commodity prices, growth in bringing the debt crisis about and how they facilitated or made more difficult the first five years of adjustment. We also ask whether and how the world macroeconomy is likely to contribute to the solution of the debt problem in the next five years. ER -