Cracks in the façade: American economic and financial structures after the boom

William Emmons and Frank A. Schmid

Chapter 7 in The Structural Foundations of International Finance, 2003 from Edward Elgar Publishing

Abstract: The Structural Foundations of International Finance examines the ways in which national economies, especially those of 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 coordination by productive enterprises for balanced and stable growth, with reduced risks of financial crises and recessions.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2003
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