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{
"item_title" : "Financial Instability and the International Debt Problem",
"item_author" : [" George McKenzie", "Stephen Thomas "],
"item_description" : "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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Financial Instability and the International Debt Problem
by George McKenzie and Stephen Thomas
Other Available Formats
Overview
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.
This item is Non-Returnable
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Details
- ISBN-13: 9780333464199
- ISBN-10: 0333464192
- Publisher: Palgrave MacMillan
- Publish Date: November 1991
- Dimensions: 8.5 x 5.5 x 0.63 inches
- Shipping Weight: 0.95 pounds
- Page Count: 211
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