A. Singapore (1994)
B. Mexico (1994)
C. Russia (1998)
D. Brazil (1998)
The External Debt and Financial Crises
Which of the following country did not experience large capital flights from 1976 to 1984 ?
A. Argentina
B. Venezuela
C. Mexico
D. Canada
Highly-indebted poor countries (HIPCs) include________________?
I- Bolivia
II- Benin
III- Uganda
IV- Tanzania
A. I and II only
B. I, II , III only
C. I, III and IV only
D. I, II , III and IV
The Baker plan (1985) stressed _______ and the Brady Plan (1989) emphasized _______ respectively?
A. IMF decentralization; World Bank dissolution
B. new loans from multilateral agencies and surplus countries; debt reduction or write-downs
C. structural adjustment loans for LDCs experiencing unanticipated external shocks; renewed emphases on macroeconomic stabilization programs
D. debt relief for at leas three-fourths of the eligible HIPCs; shorter requirements for adjustment programs
In 1990, during the Persian Gulf War, the U.S government extended generous terms to two middle-income countries by canceling or reducing their debt The two countries were ?
A. Iraq and Iran
B. Egypt and Poland
C. Pakistan and Afghanistan
D. Saudi Arabia and Jordan
Which of the following factors potentially increased the vulnerability to the 1997 Asian financial and currency crisis ?
A. trade account surplus
B. massive reverse outflows of capital
C. technological transfer from DCs
D. Symmetric informational in financial market
