Financial Instability and the International Debt Problem (Paperback, 1st ed. 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.

General

Imprint:	Palgrave Macmillan
Country of origin:	United Kingdom
Series:	Southampton Series in International Economics
Release date:	1992
First published:	1992
Authors:	George McKenzie • Stephen Thomas
Dimensions:	216 x 140 x 13mm (L x W x T)
Format:	Paperback
Pages:	211
Edition:	1st ed. 1992
ISBN-13:	978-1-349-21732-8
Categories:	Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Economics > International economics > General
LSN:	1-349-21732-8
Barcode:	9781349217328

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