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Item Details
| Title:
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FINANCIAL INSTABILITY AND THE INTERNATIONAL DEBT PROBLEM
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| Volume: |
1992 |
| By: |
George W. McKenzie, Stephen Thomas |
| Format: |
Hardback |
| List price:
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£132.00 |
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We believe that this item is permanently unavailable, and so we cannot source
it.
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| ISBN 10: |
0333464192 |
| ISBN 13: |
9780333464199 |
| Publisher: |
PALGRAVE MACMILLAN |
| Pub. date: |
25 November, 1991 |
| Series: |
Southampton series in international economics |
| Pages: |
211 |
| Description: |
The conclusion reached in this book is that the debt crisis which has plagued the world economy for the past ten years is due to the inherent fragility of financial markets. In the light of this, the authors evaluate recent proposals to harmonize international bank regulations. |
| 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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