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MACMILLAN Financial Instability and the International Debt Problem

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Description

Explore the complex causes behind the global debt crisis in this essential volume from the Southampton Series in International Economics. Published by Palgrave Macmillan, this book provides a clear and convincing argument regarding the inherent fragility of financial markets. As the world economy faces ongoing instability, the authors examine how governments, financial institutions, and borrowers, including developing nations, have placed excessive expectations on market systems. The text examines the difficulties faced by financial institutions operating in an environment defined by volatile interest rates, fluctuating exchange rates, and uncertain government policies. Readers will gain a deeper understanding of why it is so difficult for institutions to distinguish between fundamental shifts in economic activity and random market shocks. This book is a valuable resource for those studying international economics, finance, and the systemic risks that impact the global economy.

Key Features

Part of the Southampton Series in International Economics, providing specialized academic context for global finance studies.

Analyzes the inherent fragility of financial markets and how it contributes to the ongoing international debt crisis.

Examines the role of governments, financial institutions, and developing countries in managing market expectations.

Offers insights into the challenges of navigating volatile interest rates and changing exchange rates in the global economy.

Discusses the difficulty of distinguishing fundamental economic shifts from random shocks in an uncertain policy environment.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
25 November 1991
Listed Since
02 January 2007

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