The (international debt) crisis offers various faces to the observer according to the nature of the issues involved -- be they purely financial, political, economic and social, or structural -- and according to the role of the actors involved in these issues -- be they debtor countries, multilateral development agencies, creditor governments, or commercial banks." (Kaufman, "Banking And Currency Crises And Systemic Risk: Lessons From Recent Events")

World Banks

Trade requires capital. There are approximately two hundred financial institutions throughout the worldwide that account for more than eighty percent of the world's total international banking exposure. Of these, there are twenty banks that have exposure of more than ten billion dollars and seven of them are from the United States, four are from the United Kingdom, three are from West Germany, three are from France, two are from Japan, and there is one from Canada. "The borrowing countries still have...
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