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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2288 |
Essay's paper body
Since OPEC had no intention of risking their money in loans to unstable non-OPEC LDCs, argues James Gipson, an investment banker: But they are quite content to let U.S. or UK banks take the risk for them (Taylor). Banks were playing a major part in facilitating the adjustment of imbalance of payment in the 1970s’ by providing long term loans on very small
interest rate without imposing restrictive covenants though, as a practical matter they do not have the inclination nor the leverage to do so...
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Since OPEC had no intention of risking their money in loans to unstable non-OPEC LDCs, argues James Gipson, an investment banker: But they are quite content to let U.S. or UK banks take the risk for them (Taylor). Banks were playing a major part in facilitating the adjustment of imbalance of payment in the 1970s’ by providing long term loans on very small
interest rate without imposing restrictive covenants though, as a practical matter they do not have the inclination nor the leverage to do so...
Essay fragment
General points of the essay
Carlel Opec Case
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