Financial Instability and the International Debt Problem

Klappentext 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. Zusammenfassung 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. Inhaltsverzeichnis Acknowledgements - The Fundamentals - Objective Risk Assessment - A Behavioural Approach to Financial Institution Behaviour - International Debt: the Anatomy of a Financial Crisis, 1973-1983 - The Maturing Crisis, 1983-1987 - The Market's Response: Debt Swaps - The Regulator's Response: the BIS Capital Adequacy Proposals - Notes - Bibliography - Appendices - Index

List of contents

Acknowledgements - The Fundamentals - Objective Risk Assessment - A Behavioural Approach to Financial Institution Behaviour - International Debt: the Anatomy of a Financial Crisis, 1973-1983 - The Maturing Crisis, 1983-1987 - The Market's Response: Debt Swaps - The Regulator's Response: the BIS Capital Adequacy Proposals - Notes - Bibliography - Appendices - Index

Product details

• Authors: Georg McKenzie, George McKenzie, George (Director McKenzie, George W. Thomas Mckenzie, Stephen Thomas
• Publisher: Palgrave UK
• Languages: English
• Product format: Hardback
• Released: 25.11.1991
• EAN: 9780333464199
• ISBN: 978-0-333-46419-9
• No. of pages: 220
• Series: Southampton series in international economics; Southampton Series in Internat; Southampton Series in International Economics; Southampton Series in Internat; Southampton International Econ
• Subject: Social sciences, law, business > Political science > Political science and political administration