Good question but I don't think all debts are dollar-denominated. The portfolio of outstanding debts is quite varied--short and long term, concessional and private loans, and grants, and so on. One will have to look at the breakdown of debts to get a sense of this.
anthony xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Anthony P. D'Costa, Professor Comparative International Development University of Washington 1900 Commerce Street Tacoma, WA 98402, USA Phone: (253) 692-4462 Fax : (253) 692-5718 http://tinyurl.com/yhjzrm xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx On Wed, 14 Mar 2007, Michael Perelman wrote:
If the Asian economies are propping up the dollar, how much does that policy cost poor nations that have to pay off debts in dollars? -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
