Financial Instability and the International Debt Problem

by George McKenzie and Stephen Thomas

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...

• Format: Paperback
• Language: English
• ISBN: 1349217328
• ISBN13: 9781349217328
• Release Date: January 1992
• Publisher: Palgrave MacMillan
• Length: 211 Pages
• Weight: 0.64 lbs.
• Dimensions: 0.5" x 5.5" x 8.5"