1. McGraw-Hill/Irwin © 2012 The McGraw-Hill Companies, All Rights Reserved Chapter 21: International Lending and Financial Crises

2. Copyright  2012 by The McGraw-Hill Companies, Inc. All rights reserved. 21-2 Figure 21.1 Gains and Losses from Well-Behaved International Lending

3. Copyright  2012 by The McGraw-Hill Companies, Inc. All rights reserved. 21-3 Figure 21.2 Net Financial Flows to Developing Countries, 1981-2009 ($ billions)

4. Copyright  2012 by The McGraw-Hill Companies, Inc. All rights reserved. 21-4 Exports Plus Imports as a Percentage of GDP Figure 21.3 Developing Countries’ External Debt Outstanding, 1970-2009 ($ billions, unless otherwise indicated)

5. Copyright  2012 by The McGraw-Hill Companies, Inc. All rights reserved. 21-5 Figure 2.2 The Market for Motorbikes: Demand and Supply IMF Loans Outstanding, 1970-2010 ($ billions)

6. Copyright  2012 by The McGraw-Hill Companies, Inc. All rights reserved. 21-6 Figure 21.4 Exchange Rates, Asian Countries, 1994-2011

7. Copyright  2012 by The McGraw-Hill Companies, Inc. All rights reserved. 21-7 Sovereign Debt