Financial Instability and the International Debt Problem Hardback
by George McKenzie, Stephen Thomas
Part of the Southampton Series in International Economics series
Hardback
Description
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.
Information
-
Out of stock
- Format:Hardback
- Pages:211 pages, IX, 211 p.
- Publisher:Palgrave Macmillan
- Publication Date:25/11/1991
- Category:
- ISBN:9780333464199
Other Formats
- PDF from £110.08
- Paperback / softback from £129.99
Information
-
Out of stock
- Format:Hardback
- Pages:211 pages, IX, 211 p.
- Publisher:Palgrave Macmillan
- Publication Date:25/11/1991
- Category:
- ISBN:9780333464199
