Financial Instability and the International Debt Problem - Southampton Series in International Economics

Financial Instability and the International Debt Problem

Financial Instability and the International Debt Problem - Southampton Series in International Economics

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Published: 25 November, 1991
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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.
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More Details

Type Book
ISBN13 9780333464199
ISBN10 0333464192
Number Of Pages 211
Item Weight 1000 g
Publisher / Reseller Palgrave Macmillan
Format hardback
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