Financial Instability and the International Debt Problem
Synopsis
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.Book details
- Edition:
- 1st ed. 1992
- Series:
- Southampton Series in International Economics
- Author:
- George McKenzie, Stephen Thomas
- ISBN:
- 9781349217304
- Related ISBNs:
- 9780333464199
- Publisher:
- Palgrave Macmillan UK, London
- Pages:
- N/A
- Reading age:
- Not specified
- Includes images:
- No
- Date of addition:
- 2021-02-17
- Usage restrictions:
- Copyright
- Copyright date:
- 1992
- Copyright by:
- N/A
- Adult content:
- No
- Language:
- English
- Categories:
- Business and Finance, Nonfiction