Skip to content

Booksellers & Trade Customers: Sign up for online bulk buying at trade.atlanticbooks.com for wholesale discounts

Booksellers: Create Account on our B2B Portal for wholesale discounts

World Debt and Stability

by George Macesich
Save 17% Save 17%
Current price ₹7,621.00
Original price ₹9,146.00
Original price ₹9,146.00
Original price ₹9,146.00
(-17%)
₹7,621.00
Current price ₹7,621.00

Imported Edition - Ships in 18-21 Days

Free Shipping in India on orders above Rs. 500

Request Bulk Quantity Quote
+91
Book cover type: Hardcover
  • ISBN13: 9780275936693
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Praeger Publishers
  • Publisher Imprint: Praeger Publishers
  • Publication Date:
  • Pages: 128
  • Original Price: GBP 60.0
  • Language: English
  • Edition: N/A
  • Item Weight: 308 grams
  • BISAC Subject(s): Public Finance and Economics / Macroeconomics

The constant and seemingly intractable problem of world debt is much in the news today, and, despite the Baker plan of the 1980s and the more recent Brady plan, the plight of third-world borrowing nations and their first-world creditors continues to worsen. Developing nations are stymied by the portions of their gross domestic product that must be given over to servicing debt, and money center banks continue to write down their third-world loans, damaging their own balance sheets as well as their credibility. In this study, a follow-up to his Monetary Reform and Cooperation Theory, George Macesich addresses the world debt crisis and proposes a method for overcoming the dilemma.

Macesich develops a useful framework with which to approach the world debt problem, focusing on his cooperation theory, which calls for a bilateral approach on the part of both creditor and debtor countries. There are significant obstacles to this type of cooperation, however, and these difficulties and methods for overcoming them are discussed at length. Macesich begins the volume with a survey of the world debt problem, followed by a detailed examination of the theory and strategy of cooperation. In succeeding chapters he studies the barriers to cooperation: domestic constraints in debtor nations, domestic constraints in creditor nations, economic nationalism, and the nationalism of the bureaucratic and political elite. He concludes the work with a discussion of the relationship between debt burden and world monetary stability. This study will be a valuable resource for finance and banking professionals and for monetary policymakers, as well as for courses in banking, world finance, and international monetary policy. College, university, and public libraries will also find it a useful addition to their collections.

Macesich, George: -

GEORGE MACESICH is Professor of Economics and Director of the Center for Yugoslav-American Studies, Research, and Exchanges at Florida State University. His previous books include Monetary Policy and Rational Expectations (Praeger, 1987) and Money and Democracy (Praeger, 1990).

Trusted for over 49 years

Family Owned Company

Secure Payment

All Major Credit Cards/Debit Cards/UPI & More Accepted

New & Authentic Products

India's Largest Distributor

Need Support?

Whatsapp Us