Author : International Monetary Fund
Release : 1993-01-01
Genre : Business & Economics
Kind : eBook
Book Rating : 90X/5 ( reviews)
Book Synopsis 1993 World Economic and Financial Surveys by : International Monetary Fund
Download or read book 1993 World Economic and Financial Surveys written by International Monetary Fund. This book was released on 1993-01-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses systematic issues in international finance explained in the International Capital Markets report. The paper describes that the nature and extent of recent banking problems in several industrial countries along with the policy responses to those problems. It is observed that balance sheet problems in banking are widespread among the major industrial countries. The paper also analyses recent activity in the European currency unit bond and exchange markets, and reviews developments in the private financing of developing countries and discusses several issues raised by the recent experience, including the broadening of the investor base for developing country securities, the special role played by regional financial centers in East and Southeast Asia, and the systemic implications of the evolving pattern of developing country financing. A key influence on international capital movements in recent years was the rising international diversification of investment portfolios, which is generally believed to have increased in response to the liberalization of exchange and capital controls in many industrial countries in the 1970s and 1980s.
