Series: Southampton series in international economics. Num Pages: 220 pages, biography. BIC Classification: KCB; KCL. Category: (G) General (US: Trade). Dimension: 216 x 140 x 13. Weight in Grams: 291. . 1992. Paperback. . . . . Books ship from the US and Ireland.

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Bibliographic Details

Title: Financial Instability and the International Debt Problem
Publisher: Palgrave Macmillan
Publication Date: 1992
Language: English
ISBN 10: 1349217328
ISBN 13: 9781349217328
Binding: Soft cover
Condition: New

About this title

Synopsis

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.

About the Author

George Kaiser Family Foundation Professor & ChairDepartment of Emergency MedicineUniversity of Oklahoma School of Community MedicineTulsa, Oklahoma

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