The Structural Foundations of International Finance

Problems of Growth and Stability

New Horizons in International Business series

Edited by Pier Carlo Padoan, Deputy Secretary-General, OECD, France, Paul A. Brenton, Senior Economist in International Trade Development, The World Bank, US and the late Gavin Boyd, formerly Honorary Professor, Political Science Department, Rutgers, The State University of New Jersey, Newark, US and Adjunct Professor, Management Faculty, Saint Mary’s University, Canada

The Structural Foundations of International Finance examines the ways in which national economies, especially those of industrialized countries, are affected by the operations of international financial markets. Although these markets provide productive funding, there is also much speculative trading in stocks and currencies which can cause booms, slumps and hinder recovery. The authors advocate entrepreneurial coordination by productive enterprises for balanced and stable growth, with reduced risks of financial crises and recessions.