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Financial Instability and the International Debt Problem
Stephen Thomas
(Author)
·
George McKenzie
(Author)
·
Palgrave MacMillan
· Paperback
Financial Instability and the International Debt Problem - McKenzie, George ; Thomas, Stephen
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Origin: U.S.A.
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Synopsis "Financial Instability and the International Debt Problem"
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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All books in our catalog are Original.
The book is written in English.
The binding of this edition is Paperback.
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