Exam 15: Debt and Development

House prices rising faster than incomes was unique to the US housing market.

How did international lenders respond to Greece during the 2008 financial crisis?

What was the earliest post-war example of what would later be called structural adjustment programs?

Explain loan pushing and its relationship to economic crisis.

Which of the following is true about US investment bank loans to Greece?

In the 1920s, American bankers where more like high pressure salesmen than traditional aloof bankers.

The financial crisis of the 1970s led to the introduction of which new economic model?

What is capitalism essentially based on?

Define "odious debt" and provide an example.

Odious debt refers to debt that is accumulated in the interest of a regime rather than a nation.

Why did some European countries invade Mexico the nineteenth century?

What can you tell about the restrictions imposed by the Hammurabi Code in relation to debt?

Briefly describe the importance of the Heavily Indebted Poor Countries Initiative.

What is interest and how is it viewed?

According to the OECD in 2015, the gap between rich and poor continues continued to widen.

A "net transfer on debt" is new loans plus interest payments and principal repayments on old debts.

What was the Jubilee Campaign?

Banks make higher-risk foreign loans during what Kindleberger's refers to as "the period of mania."

Traditionally, countries have developed by opening up their markets.

What is usury?