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Financial Instability and the International Debt Problem
McKenzie, George; Thomas, Stephen
€ 179.86
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Description for Financial Instability and the International Debt Problem
Paperback. Series: Southampton series in international economics. Num Pages: 220 pages, biography. BIC Classification: KCB; KCL. Category: (G) General (US: Trade). Dimension: 216 x 140 x 13. Weight in Grams: 291.
The authors argue clearly and convincingly in this book that the debt crisis which has plagued the world economy for the past ten years is due to the inherent fragility of financial markets. Governments, financial institutions and borrowers, including developing countries, have simply expected too much from these markets. In a world of volatile interest rates, exchange rates and uncertain government policy, it is virtually impossible for financial institutions to effectively distinguish fundamental shifts in economic activity from random shocks.
The authors argue clearly and convincingly in this book that the debt crisis which has plagued the world economy for the past ten years is due to the inherent fragility of financial markets. Governments, financial institutions and borrowers, including developing countries, have simply expected too much from these markets. In a world of volatile interest rates, exchange rates and uncertain government policy, it is virtually impossible for financial institutions to effectively distinguish fundamental shifts in economic activity from random shocks.
Product Details
Format
Paperback
Publication date
1992
Publisher
Palgrave Macmillan United Kingdom
Number of pages
220
Condition
New
Series
Southampton series in international economics
Number of Pages
211
Place of Publication
Basingstoke, United Kingdom
ISBN
9781349217328
SKU
V9781349217328
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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