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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.
| Autorius: | Stephen Thomas, George McKenzie, |
| Serija: | Southampton Series in International Economics |
| Leidėjas: | Palgrave Macmillan UK |
| Išleidimo metai: | 1992 |
| Knygos puslapių skaičius: | 224 |
| ISBN-10: | 1349217328 |
| ISBN-13: | 9781349217328 |
| Formatas: | 216 x 140 x 13 mm. Knyga minkštu viršeliu |
| Kalba: | Anglų |
Parašykite atsiliepimą apie „Financial Instability and the International Debt Problem“
