| Financial Instability and the International Debt Problem 1992 Edition Contributor(s): McKenzie, George (Author), Thomas, Stephen (Author) |
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ISBN: 0333464192 ISBN-13: 9780333464199 Publisher: Palgrave MacMillan OUR PRICE: $161.49 Product Type: Hardcover - Other Formats Published: November 1991 |
| Additional Information |
| BISAC Categories: - Business & Economics | Public Finance - Business & Economics | Economics - Macroeconomics - Business & Economics | International - Economics |
| Dewey: 336 |
| Series: Southampton International Economics |
| Physical Information: 0.63" H x 5.5" W x 8.5" (0.95 lbs) 211 pages |
| Descriptions, Reviews, Etc. |
| Publisher 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. |