Ethical issues in international lending

This article deals with the ethical issues faced by commercial banks, governments and international financial institutions in their international lending activities. Such issues include not only to whom and for what purpose such lending takes place but also the more delicate questions of the relatio...

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Bibliographic Details
Main Author: Snoy, Bernard (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1989
In: Journal of business ethics
Year: 1989, Volume: 8, Issue: 8, Pages: 635-639
Further subjects:B Ethical Issue
B Debt Crisis
B Financial Institution
B Commercial Bank
B Economic Growth
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Description
Summary:This article deals with the ethical issues faced by commercial banks, governments and international financial institutions in their international lending activities. Such issues include not only to whom and for what purpose such lending takes place but also the more delicate questions of the relations between sovereign lending and economic management, as well of lending to sovereign countries embroiled in situations of conflict. It leads to the ethical issues raised by the present international debt crisis: co-responsibility, burden-sharing, role of the international organisations. Finally, capital flight out of developing countries is studied as a special case.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/BF00383032