Financial Instability and the International Debt Problem
Book Details
Format
Hardback or Cased Book
Book Series
Southampton Series in International Economics
ISBN-10
0333464192
ISBN-13
9780333464199
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Nov 25th, 1991
Print length
211 Pages
Weight
417 grams
Product Classification:
International economicsInternational finance
Ksh 23,400.00
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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.
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.
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