Abstract
This article is based upon the author's lecture entitled "The Next Wave of Cross-Border Lending" delivered in connection with the Meredith Lectures at McGill University in April 1994.* The subject of that lecture, and of this article, is how cross-border lending to less developed countries (LDCs) in the 1990s differs from the last major period of such lending in the late 1970s. It is surely a testament to the accelerated obsolescence of modem financial commentary that the author's April 1994 lecture - delivered in the middle of a boom in cross-border lending - has already been followed by a bust starting in late December 1994 when Mexico devalued its currency, and by tentative signs of yet another resurgence in cross-border capital flows in the second half of 1995
Recommended Citation
Lee C. Buchheit,
Cross-Border Lending: What's Different this Time,
16
Nw. J. Int'l L. & Bus.
44
(1995).
https://scholarlycommons.law.northwestern.edu/njilb/vol16/iss1/9
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