9781334476518 - north-south finance: the implications of overreliance on bank credit (classic reprint) di lessard, donald r. (3 risultati)
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Da: PBShop.store US, Wood Dale, IL, U.S.A.PBShop.store US
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EUR 24,66
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PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.
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Da: PBShop.store UK, Fairford, GLOS, Regno UnitoPBShop.store UK
Contatta il venditoreVenditore con 5 stelleCondizione: Nuovo
EUR 24,55
EUR 3,83 spedizioneSpedito da Regno Unito a U.S.A.Quantità: 15 disponibili
PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.
Altre immagini- Brossura
- Print on Demand
Da: Forgotten Books, London, Regno UnitoForgotten Books
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EUR 15,49
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Paperback. Condizione: 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. Rat…her 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.
