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Financial Instability and the International Debt Problem

Financial Instability and the International Debt Problem

George McKenzie / Stephen Thomas

208,16 €
IVA incluido
Disponible
Editorial:
Springer Nature B.V.
Año de edición:
1992
Materia
Economía internacional
ISBN:
9781349217328
208,16 €
IVA incluido
Disponible

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Sobre IBD

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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