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FINANCIAL INSTABILITY AND THE INTERNATIONAL DEBT PROBLEM IBD

PALGRAVE MACMILLAN
01 / 1992
9781349217328
Inglés

Sinopsis

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.

PVP
208,16