ISBN-10:
0333464192
ISBN-13:
9780333464199
Pub. Date:
Publisher:
Financial Instability and the International Debt Problem

Financial Instability and the International Debt Problem

by George McKenzie, Stephen Thomas

Hardcover(1992)

$189.00
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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.



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Product Details

ISBN-13: 9780333464199
Publisher: Palgrave Macmillan UK
Publication date: 11/25/1991
Series: Southampton Series in International Economics
Edition description: 1992
Pages: 211
Product dimensions: 5.51(w) x 8.50(h) x (d)

Table of Contents

Acknowledgements - The Fundamentals - Objective Risk Assessment - A Behavioural Approach to Financial Institution Behaviour - International Debt: the Anatomy of a Financial Crisis, 1973-1983 - The Maturing Crisis, 1983-1987 - The Market's Response: Debt Swaps - The Regulator's Response: the BIS Capital Adequacy Proposals - Notes - Bibliography - Appendices - Index

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