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Financial Instability and the International Debt Problem

by George McKenzie
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Current price ₹10,900.00
Original price ₹16,769.00
Original price ₹16,769.00
Original price ₹16,769.00
(-35%)
₹10,900.00
Current price ₹10,900.00

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Book cover type: Paperback
  • ISBN13: 9781349217328
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Springer
  • Publisher Imprint: Palgrave MacMillan
  • Publication Date:
  • Pages: 211
  • Original Price: EUR 149.99
  • Language: English
  • Edition: 1992
  • Item Weight: 291 grams
  • BISAC Subject(s): Economics / Macroeconomics, International / Economics & Trade, and Money & Monetary Policy

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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