Howell, Michael J. - 2020 - 1st ed. 2020.
’s banking systems and wholesale money markets. The huge jump in the volume of international financial markets since the mid-1980 … volatile. From the early 1960s onwards, the world economy and its financial markets have suffered from three broad types of … shocks – labour costs, oil and commodities, and global liquidity. Financial markets spin on fragile axes and the absence of …