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Item Details
Title: FINANCIAL INSTABILITY AND THE INTERNATIONAL DEBT PROBLEM
Volume: 1992
By: George McKenzie, Stephen Thomas
Format: Paperback

List price: £52.99


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ISBN 10: 1349217328
ISBN 13: 9781349217328
Publisher: PALGRAVE MACMILLAN
Pub. date: 15 January, 1992
Edition: 1992 ed.
Series: Southampton series in international economics
Pages: 211
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.
Illustrations: biography
Publication: UK
Imprint: Palgrave Macmillan
Returns: Non-returnable
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