Financial Instability and the International Debt Problem

Stephen Thomas author George McKenzie author

Format:Paperback

Publisher:Palgrave Macmillan

Published:15th Jan '92

Currently unavailable, and unfortunately no date known when it will be back

Financial Instability and the International Debt Problem cover

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.

ISBN: 9781349217328

Dimensions: unknown

Weight: 291g

211 pages

1st ed. 1992