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Debt and Danger

The World Financial Crisis

Szerző

Kiadó: Penguin Books Ltd
Kiadás helye: Harmondsworth
Kiadás éve:
Kötés típusa: Ragasztott papírkötés
Oldalszám: 160 oldal
Sorozatcím: Penguin Special
Kötetszám:
Nyelv: Angol  
Méret: 20 cm x 13 cm
ISBN: 0-14-052361-8
Megjegyzés: Fekete-fehér ábrákkal.
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Fülszöveg




PENGUIN SPECIAL* PENGUIN SPECIAL* PENGUIN SPECIAL
DEBT CRISIS
The financial stability of the world hangs on the international debt crisis, and the situation is worsening. Without urgent action, the safe functioning of the world economy can no longer be taken for granted. Time is running out.
The Third World owes nearly $900 billion to its Western creditors, an impossible sum that increases by millions of dollars every day. At huge cost, both to political stability and to their standard of living, countries in Asia, Africa and Latin America struggle to maintain their debt payments. But the threat of default is ever-present. Only IMF intervention and 'rescheduling' have so far prevented it. This uncertainty has already caused nearly every major American bank to lose its triple A credit status.
In this timely book Harold Lever and Christopher Huhne explain the origins of the debt crisis and show that, as a result of easy loans ten years ago, the world
financial system... Tovább

Fülszöveg




PENGUIN SPECIAL* PENGUIN SPECIAL* PENGUIN SPECIAL
DEBT CRISIS
The financial stability of the world hangs on the international debt crisis, and the situation is worsening. Without urgent action, the safe functioning of the world economy can no longer be taken for granted. Time is running out.
The Third World owes nearly $900 billion to its Western creditors, an impossible sum that increases by millions of dollars every day. At huge cost, both to political stability and to their standard of living, countries in Asia, Africa and Latin America struggle to maintain their debt payments. But the threat of default is ever-present. Only IMF intervention and 'rescheduling' have so far prevented it. This uncertainty has already caused nearly every major American bank to lose its triple A credit status.
In this timely book Harold Lever and Christopher Huhne explain the origins of the debt crisis and show that, as a result of easy loans ten years ago, the world
financial system balances on a knife-edge. Nevertheless, they argue, with decisive reform it would be possible to re-establish sound credit and world economic growth, and to defuse this dangerous debt bomb.
Cover photograph courtesy of IMF Vissza

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