Call Boomerang Books 1300 36 33 32

A remarkable feature of the period since 1970 has been the patterns of rapid and turbulent change in financing behaviour and financial structure in many advanced countries. These patterns have, in turn, often been marked by rising indebtedness, default on loans and periods of financial instability, whether in the non-financial sectors, the financial sector or both. This book explores, both in theoretical and empirical terms, the nature of the relationships between underlying phenomena; namely levels and changes in borrowing (debt), vulnerability to default in the corporate and household sectors (financial fragility), and widespread disorder in the financial sector (systemic risk). Davis focuses on the wider generality of the phenomena at issue whereby similar patterns are observable in several countries, but not in others, as well as in the international capital markets themselves. Particular attention is paid to the importance of the nature and evolution of financial structure to the genesis of instability. Given the international scope of the analysis, the work is germane to the study of the devlopment of financial systems in all advanced countries, as well as the euromarkets. It will be of particular relevance, however, in the US, Japan, Germany, France, the UK, and Canada, Italy, Australia, Sweden, Norway, Finland, whose experience is examined in detail. In this expanded and revised edition, the macroeconomic consequences of fragility and the appropriate policy response are examined in particular detail, with the analysis focusing on macroeconomic performance in eleven countries over 1988-93. A wide range of issues relating to financial stability, including risk in payments systems, derivatives, and property lending, are also considered.

Buy Debt, Financial Fragility and Systemic Risk book by E. Philip Davis from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780198233312
ISBN-10: 0198233310
Format: Paperback
(233mm x 154mm x 25mm)
Pages: 404
Imprint: Clarendon Press
Publisher: Oxford University Press
Publish Date: 5-Oct-1995
Country of Publication: United Kingdom

Reviews

» Have you read this book? We'd like to know what you think about it - write a review about Debt, Financial Fragility and Systemic Risk book by E. Philip Davis and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review


Books By Author E. Philip Davis

Institutional Investors by E. Philip Davis

Institutional Investors

Paperback, March 2004
$25.19
Financial Structure by E. Philip Davis

Financial Structure

Hardback, August 2003
$162.00
Pension Funds by E. Philip Davis

Pension Funds

Paperback, January 1998
$114.26