Financial Instability and the International Debt Problem 1992 (Innbundet)

Serie: Southampton series in international economics 

Forfatter:

og

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Forfatter: og
Innbinding: Innbundet
Utgivelsesår: 1991
Antall sider: 220
Forlag: Palgrave Macmillan
Språk: Engelsk
Serie: Southampton series in international economics
ISBN/EAN: 9780333464199
Omtale: Financial Instability and the International Debt Problem 1992
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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