Financial markets, money and the real world
- ISBN: 9781843764847
- Editorial: Edward Elgal Publishing Limited
- Fecha de la edición: 2002
- Lugar de la edición: Cheltenham. Reino Unido
- Encuadernación: Rústica
- Nº Pág.: 288
- Idiomas: Inglés
Papel: Rústica
50,28 €
Sin Stock. Disponible en 5/6 semanas.
The author highlights the central role that domestic and international financial markets play in determining the economic growth rate, unemployment rate and international payments position of capitalist economics. He explains why the primary function of financial markets is to create liquidity and demonstrates that a liquid market cannot be efficient, and an efficient market cannot be liquid.
