International Financial Crisis
Title: International Financial Crisis
Category: /Law & Government/Government & Politics
Details: Words: 3289 | Pages: 12 (approximately 235 words/page)
International Financial Crisis
Category: /Law & Government/Government & Politics
Details: Words: 3289 | Pages: 12 (approximately 235 words/page)
Financial Instability The soaring volume of international finance and increased interdependence in recent decades has increased concerns about volatility and threats of a financial crisis. This has led many to investigate and analyze the origins, transmission, effects and policies aimed to impede financial instability. This paper argues that financial liberalization and speculationare the most reflective explanations for instability in financial markets andthat financial instability is likely to be transmitted globally with farreaching implications on real
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January/February 1996.Charles P. Kindleberger, The World in Depression (London: Penguin 1973).Paul Krugman, “International Aspects of Financial Crises” in Martin Feldstein,ed., The Risk of Economic Crisis (Chicago: University of Chicago Press, 1991).John McCallum, “Managers and Unstable Financial Markets” Business QuarterlyJanuary 1, 1995. James Tobin, “A proposal for international monetary reform” Eastern Economic Journal 1978, volume 4.John Williamson, The Failure of World Monetary Reform 1971-1974) (NY:NYU Press, 1977)L.B. Yeager, International Monetary Relations: Theory, History, and Policy 1976.


