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portada Financial Instability and the International Debt Problem (Southampton Series in International Economics)
Type
Physical Book
Publisher
Author
Year
1991
Language
English
Pages
211
Format
Hardcover
ISBN13
9780333464199
Edition No.
1992
Categories

Financial Instability and the International Debt Problem (Southampton Series in International Economics)

George Mckenzie; Stephen Thomas (Author) · Palgrave Macmillan · Hardcover

Financial Instability and the International Debt Problem (Southampton Series in International Economics) - George Mckenzie; Stephen Thomas

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Synopsis "Financial Instability and the International Debt Problem (Southampton Series in International Economics) "

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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