The Structural Foundations of International Finance: Problems of Growth and Stability (New Horizons in International Business series)

The principal message of this book is that international financial enterprises must be re-oriented towards funding productive activities rather than potentially destabilizing speculation. The effects of financial sector operations are addressed with serious warnings that the dangers of speculative destabilization are increasing as regulatory and market discipline gradually weakens. industrialized countries, are affected by the operations of international financial markets. Although these markets provide productive funding, there is also much speculative trading in stocks and currencies which can cause booms, slumps and hinder recovery. The authors advocate entrepreneurial co-ordination by productive enterprises for balanced and stable growth, with reduced risks of financial crises and recessions.

• Format: Hardcover
• Language: English
• ISBN: 1843763869
• ISBN13: 9781843763864
• Release Date: November 2003
• Publisher: Edward Elgar Publishing
• Length: 264 Pages
• Weight: 1.25 lbs.
• Dimensions: 9.3" x 1.3" x 6.3"