Introduction to Part VI

Alwyn Taylor
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Alwyn Taylor: African Centre for Monetary Studies

Chapter 21 in Structural Change, Economic Interdependence and World Development, 1987, pp 323-335 from Palgrave Macmillan

Abstract: Abstract The current international monetary and financial problems have their roots in a number of developments during the 1970s. The most important of these are: (a) a drastic deceleration of growth of GDP and world trade; (b) unprecedented levels of inflation; (c) the collapse of the system of fixed exchange rates; (d) the food crisis of 1972–4; and (e) the oil price shocks. These are all interrelated, but for convenience they may be examined separately.

Keywords: Exchange Rate; Interest Rate; Industrialise Country; Commercial Bank; Current Account Deficit (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-09117-1_21

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DOI: 10.1007/978-1-349-09117-1_21

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