RT Journal Article SR Electronic(1) A1 Robert DevlinYR 1985 T1 External debt and crisis: The decline of the orthodox strategy JF CEPAL Review, VO 1985 IS 27 SP 35 OP 52 DO https://doi.org/10.18356/b23466d4-en PB United Nations, SN 16840348, AB This article presents a general view of the reschedulings of Latin American debts with the private banking system during the period 1982-1985. The marked worsening of the conditions of indebtedness experienced by the debtors in the first round of negotiations in 1982-1983 has gradually given way to more favourable terms, above all in the most recent rescheduling (1984-1985). The creditors use market concepts to explain this phenomenon: the better terms represent a reward for good behaviour and the consequent lessening of risk., UL https://www.un-ilibrary.org/content/journals/16840348/1985/27/3