Financial Fragility, Debt and Economic Reforms

ISBN-13: 9781349138036 / Angielski / Miękka / 1996 / 263 str.

Sunanda Sen

Opis

The present volume articulates a state of concern with the destabilising and the growth retarding effects of current world finance relations. Emphasis laid in this volume on finance is justified, not only in terms of its dominance over real activities in the world economy but also with its influence on the pace of economic reforms in the debt-ridden countries. A large number of essays in this volume deals with the recent pattern of capital flows in the world economy. The latter has been of a high priority in the agenda for research in economics in recent times, especially with tendencies for financial fragility in the major financial markets and the enforcing of the structural adjustment programmes in the developing countries as a part of loan conditionalities. The volume provides a rich analysis of contemporary international finance relations, with individual chapters contributed by reputed economists who have made significant contributions to the literature.

Spis treści

Notes on the Contributors - Introduction - Financial Globalisation, Systemic Risk, Monetary Control in OECD Countries; M.Aglietta - On Financial Fragility and its Global Implications; S.Sen - Financial Markets and the Real Economy; L.Harriss - Fluctuations in Global Economy: Income, Debt and Terms of Trade Processes; A.K.Bagchi - Alternative Approaches to Adjustment and Stabilisation; H.W.Singer - An Appraisal and Adjustment of Structural Adjustment Lending; J.Toye -Trading-off Investment for Exports: African Adjustment Experiences; J.-M.Fontaine - Emerging Markets, Industrialisation and Development; A.Singh - Regulatory Implications of Global Financial Markets; S.Griffith-Jones - External Adjustment: The Proper Role for the IMF; R.N.Cooper - Inflation and Transition: From Soviet Experience to Russian Reality; J.Sapir - Index