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Financial Crises and Recession in the Global Economy

Studies in International Political Economy

By (author) Roy E. Allen
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 30th Jun 1994
Dimensions: w 234mm h 156mm
Weight: 450g
ISBN-10: 1852789972
ISBN-13: 9781852789978
Barcode No: 9781852789978
Synopsis
Allen argues that the globalization of financial markets and the related interest rate parity processes are responsible for the large trade and investment imbalances of the 1980s. International financial markets are shown to absorb money, making it less available for non-financial or GDP purposes.

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