Transnationalization and Global Financial Equilibrium

Gaston Gaudard

Chapter 18 in Bankers’ and Public Authorities’ Management of Risks, 1990, pp 233-241 from Palgrave Macmillan

Abstract: Abstract The global economy in 1988 — one year after the stock market crash on Wall Street which precipitated a drastic slump in equity prices around the world — was showing some, albeit still inadequate, signs of progress in terms of external adjustment.1 Nonetheless, uncertainties were still rife and the economy remained acutely sensitive primarily because economic agents still did not have sufficient confidence in the determination of the authorities to resist pressure on the dollar and were not convinced that adequate policies had been put in place to guarantee regular progress in restoring international financial equilibrium of trading partners.

Keywords: Monetary Policy; Foreign Investment; Direct Investment; Parent Company; Portfolio Investment (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10980-7_18

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DOI: 10.1007/978-1-349-10980-7_18

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