Financial Globalisation and the LDC Debt Crisis

David Felix

Chapter 13 in Economic Development and World Debt, 1989, pp 151-165 from Palgrave Macmillan

Abstract: Abstract Capitalist finance has come a long way from Ricardo’s era, when its mobility was bounded nationally by high transactions costs and patriotic sentimentality. Financial globalisation has had, however, a mixed press, reflecting not merely nationalistic prejudices, but also dubious results even when judged from a cosmopolitan perspective.

Keywords: Commercial Bank; Debt Crisis; Monetary Authority; Foreign Asset; Foreign Debt (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-20044-3_13

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DOI: 10.1007/978-1-349-20044-3_13

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