The digital edition of all books may be viewed on our website before purchase. Excerpt from North-South Finance
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Vendeur : Forgotten Books, London, Royaume-Uni
Paperback. Etat : New. Print on Demand. This book critically examines the global financial system's heavy reliance on commercial bank credit for North-South financial exchange. The author argues that this current system, in which lending is primarily in the form of debt with little risk-sharing, is fundamentally flawed. Rather than leading to mutually beneficial outcomes, it creates perverse incentives, exacerbates risk, and concentrates default risk within a narrow range of the financial sector. The result is a system that is unlikely to maximize global welfare and may, in fact, be contributing to financial instability. The author proposes several reforms to address these structural issues and increase the welfare contribution of North-South financial exchange. These include smoothing real debt service patterns, increasing repayment flexibility, promoting nonrecourse financing, and encouraging project-specific risk capital. Ultimately, the book demonstrates that a more balanced and diversified approach to North-South finance, one that moves away from excessive reliance on commercial bank credit, is essential for ensuring the stability and effectiveness of the global financial system. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N° de réf. du vendeur 9781334476518_0
Quantité disponible : Plus de 20 disponibles
Vendeur : PBShop.store US, Wood Dale, IL, Etats-Unis
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781334476518
Quantité disponible : 15 disponible(s)
Vendeur : PBShop.store UK, Fairford, GLOS, Royaume-Uni
PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000. N° de réf. du vendeur LW-9781334476518
Quantité disponible : 15 disponible(s)