The international debt problem has already generated a huge number of publications. Why then another publication? Many publications address macroeconomic implications of the debt problem, others investigate special new financing instruments such as debt equity swaps, others discuss the economic or legal aspects of debt reschedulings. This work of Walter Berger concentrates on the evolution of the financial side of the debt problem. This evolution is fascinating since it reveals a continuous expansion of the financial instruments being used and a surprising change in intercreditor relationships. While in the seventies equal treatment of creditors was not of much concern, this changed dramatically in the eighties. But lately equal treatment turned out to be a strong impediment to the creditors' management of loan portfolios. Hence, inequality of treatment is growing again. This development represents a challenge to everyone who tries to explain legal changes by using economic theory. Another characteristic of Walter Berger's work is that he starts from a broad institutional perspective. Most economists analyze the debt problem by assuming a world where everybody follows the same principles of rationality and optimization. Walter Berger questions this approach by arguing that cultural discrepancies among creditor countries and indebted countries make it difficult to define efficiency by "Western" standards only. Moreover, different cultures create what Berger calls "institutional obfuscation," that is, creditors have substantial difficulties to predict the behavior of differently minded debtors, and vice versa. This lack of information creates a transaction risk for each contracting party.

This "work eBook" is a straightforward guide to help you to record your current financial situation in a structured way. You will be able to see the income you can reckon with more clearly, what you spend money on, which debts you have, what reserves are available to you, how you feel about the subject of money and finances or where you have or could have a problem. You learn simple ways of reducing debts and creating reserves. You draw up a detailed income and expenditure budget and a current financial status. At the end of every section you can write down important goals and milestones and decide what you want to achieve and how you should act now. This orientation will have a motivating effect on your everyday life and encourage you act consistently. Practical examples and easy-to-understand copy templates facilitate implementation in your day-to-day life.

Este "libro de ejercicios " es una guia sencilla para ayudarle a grabar su situacion financiera actual de una manera estructurada. Sera capaz de ver los ingresos que puede tener en cuenta con mas claridad, en lo que gasta el dinero, las deudas que tiene, las reservas que estan a su disposicion, como se siente sobre el tema del dinero y las finanzas, o cuando tiene o podria tener un problema. Aprende maneras sencillas de reducir las deudas y de crear reservas. Dibuja detalladamente los ingresos y el presupuesto de gastos y un estado financiero actual. Al final de cada seccion podra anotar las metas y logros importantes y decidir lo que quiere lograr y como debe actuar ahora. Esta orientacion tendra un efecto motivador en su vida cotidiana y le animara a actuar de forma coherente. Ejemplos practicos y plantillas de copia faciles de entender facilitan la aplicacion en su vida dia a dia.

Mit diesem Arbeitsbuch erhalten Sie einen nachvollziehbaren Leitfaden, um strukturiert die aktuelle (private) wirtschaftliche Situation zu erfassen. Sie werden deutlicher erkennen, mit welchen Einnahmen Sie planen konnen, wofur Geld ausgeben wurde, welche Schulden Sie haben, wie viel Rucklagen verfugbar sind, wie Sie sich beim Thema Geld und Finanzen fuhlen und halten fest wo der Schuh druckt. Sie lernen nachvollziehbare Moglichkeiten kennen, um Schulden abzubauen und Reserven zu bilden. Sie erstellen ein detailliertes Einnahmen- und Ausgaben-Budget und einen aktuellen Finanzstatus. Am Ende eines jeden Kapitels konnen Sie wichtige Meilensteine aufschreiben und festlegen, was Sie erreichen wollen und wie Sie jetzt handeln sollten. Diese Orientierung wird sich motivierend im Alltag auswirken und zu konsequentem Handeln anregen. Praxisorientierte Beispiele und verstandliche Kopiervorlagen erleichtern eine schnelle Umsetzung im Alltag.