International Financial System and World Debt: the Issue of Cooperation

George Macesich

Chapter 12 in Economic Development and World Debt, 1989, pp 135-150 from Palgrave Macmillan

Abstract: Abstract The sharp disinflation from 1979 — 83 forced a series of wrenching changes in the structure of the world economy. This disinflation transition represents the most radical disturbance that has hit the world economy since the Second World War. As a result of human action but not human intention, we did not have Milton Friedman’s well-known monetarist policy of gradualism but the more publicised central bank variety of a series of sharp shocks.

Keywords: Debt Crisis; Bank Lending; Ongoing Dialogue; Debtor Country; Federal Deposit Insurance Corporation (search for similar items in EconPapers)
Date: 1989
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DOI: 10.1007/978-1-349-20044-3_12

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