Financial Globalization and Post-Communist Georgia: Global Exchange Rate Instability and Its Implications for Georgia

Name: Financial Globalization and Post-Communist Georgia: Global Exchange Rate Instability and Its Implications for Georgia
Brand: iUniverse
SKU: 9780595300433
Price: 768.0 INR
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by Vladimer Papava

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ISBN13: 9780595300433
Binding: Paperback
Subject: N/A
Publisher: iUniverse
Publisher Imprint: iUniverse
Publication Date: October 30, 2003
Pages: 50
Original Price: USD 10.95
Language: English
Edition: N/A
Item Weight: 114 grams
BISAC Subject(s): Economic Conditions

About The Book

In most cases the problems caused by financial globalization are identical in various countries, which is why it is especially important to develop some standard solutions. Nevertheless, it is also doubtless that economic "recipes" for "small" and "big" countries can be different and it would be a mistake to apply only a uniform approach to all of them.

The book evaluates an international financial system development potential in the context of "corporate crises" started in the USA and a probable impact on international financial markets and business activities. With the introduction of the Euro, a "new three-pole world currency system" was established. In this connection, two quite sensational forecasts made during the last two years regarding the collapse of the US Dollar are analyzed. These forecasts make a pretty "gloomy picture" of the future of both the US Dollar and the international monetary system.

The book draw reader's attention to global exchange rate instability and its implications for Georgia. It is demonstrated that as a small economy, Georgia cannot have any substantial influence on global economic developments; however, if it succeeds to pursue more-or-less reasonable economic policy, it may generate some positive results, or at least minimize negative ones.

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