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Financial Instability and the International Deb. McKenzie, Thomas Hardcover<|

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Item specifics

Condition
New: A new, unread, unused book in perfect condition with no missing or damaged pages. See the ...
PublishedOn
1991-11-25
Title
Financial Instability and the International Debt Problem (Southa
ISBN
9780333464199
Publication Year
1991
Type
Textbook
Format
Hardcover
Language
English
Publication Name
Financial Instability and the International Debt Problem
Item Height
216mm
Author
George Mckenzie, Stephen Thomas
Publisher
Palgrave Macmillan
Item Width
140mm
Subject
Economics
Item Weight
435g
Number of Pages
211 Pages

About this product

Product Information

The conclusion reached in this book is 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. Therefore mistakes, when identified, are corrected only with a long lag. In addition to a detailed analysis of this thesis, the book contains an evaluation of recent proposals to harmonize international bank regulations and an extensive discussion of how financial markets are absorbing the huge losses which have emanated from the inability of borrowers to meet their debt service payments.

Product Identifiers

Publisher
Palgrave Macmillan
ISBN-13
9780333464199
eBay Product ID (ePID)
89658719

Product Key Features

Author
George Mckenzie, Stephen Thomas
Publication Name
Financial Instability and the International Debt Problem
Format
Hardcover
Language
English
Subject
Economics
Publication Year
1991
Type
Textbook
Number of Pages
211 Pages

Dimensions

Item Height
216mm
Item Width
140mm
Item Weight
435g

Additional Product Features

Title_Author
Stephen Thomas, George Mckenzie
Series Title
Southampton Series in International Economics
Country/Region of Manufacture
United Kingdom

Item description from the seller

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WRAP Ltd.
Mubin Ahmed
Unit 4
119 Loverock Road
Reading
Berkshire
RG30 1DZ
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  • 03800600
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