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Financial Instability and the International Debt Problem

Produktform: E-Buch Text Elektronisches Buch in proprietärem

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.weiterlesen

Dieser Artikel gehört zu den folgenden Serien

Elektronisches Format: PDF

Sprache(n): Englisch

ISBN: 978-1-349-21730-4 / 978-1349217304 / 9781349217304

Verlag: Palgrave Macmillan UK

Erscheinungsdatum: 25.11.1991

Seiten: 211

Autor(en): George McKenzie, Stephen Thomas

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