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CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

English Spanish

The conduct of Latin America’s creditor banks

The international crisis of indebtedness with transnational banks arose from a number of causes, of which the three main ones are the following: the negative repercussions of the world economic situation, the effects of the conduct of borrowers, and the consequences of the behaviour of the main transnational banks. The first two of these have been the subject of exhaustive analysis, but this has not been so in the case of the third cause, mainly because of the lack of concrete detailed information. This article sets forth the new ideas which emerged from the Interregional Project on Transnational Banks undertaken by the United Nations Centre on Transnational Corporations, the executing agency for which was the Joint ECLAC/CTC Unit on Transnational Corporations. This project was directed by the author of the present article.

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