The international debt crisis

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The international debt crisis of the 1970s and 1980s arose primarily from

a. IMF buffer stock loans to Asian nations

b. the collapse of major U.S. firms which had borrowed money from Japanese banks

c. loans of recycled petrodollars by U.S. banks to industrializing nations in Latin America

d. the collapse of the Soviet Union.

Please explain your answer

Reference no: EM13976410

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