000			02628cam a2200289 i 4500
008			790118t1978 enkaaaaerb s 001 0 eng
020			_a0333214358 :
040			_aDLC _cDLC
050	0	0	_aHG3881 _b.B537 1978
082	0	0	_a332.4'5 _bBIR
100	1		_aBird, Graham R.
245	1	4	_aThe international monetary system and the less developed countries /
260			_aLondon : _bMacmillan, _cc1978.
300			_axi, 339 p. :ill,
500			_aIncludes index.
504			_aBibliography: p. 319-337.
520			_aMost discussions of the international monetary system pay little heed to less developed countries (LDCs). The reason is not difficult to appreciate: although they are numerous, LDCs are not major actors on the world's monetary stage. Individually, they tend to be relatively small. Collectively, they account for only a small share of global transactions. Their currencies are mostly inconvertible; their financial markets, usually rudimentary; their payments balances, almost always in deficit. Overall, their influence on international monetary events is negligible. As compared with the prima donnas of the monetary scene, LDCs are mere walk-ons. Graham Bird has tried to correct for this deficiency by exploring as fully as possible the relationship between the LDCs and the monetary system. The result is a book that is at once comprehensive, persuasive, and sound. Although primarily designed as a textbook for undergraduates, it should in fact prove useful even for specialists in the field. For a long time to come, it should serve as the standard reference on this relatively neglected subject. The book is divided into twelve chapters, each followed by a useful bibliography designed to help readers pursue specialized topics of particular interest. The format of most of the chapters is similar. The principal issues are surveyed, the main arguments discussed, and,--wherever possible, available empirical evidence presented and analysed. The tone throughout is moderate. Bird eschews the colourful generalization or the facile judgment. Fully aware of the complexity and ambiguity of reality, he prefers instead to emphasize how difficult it is, in most issues, to draw genuinely firm conclusions on the basis of existing evidence. Students prospecting for potential research topics should find this book a gold mine.
590			_ausc 13/04/2018
591			_aLoans
650		0	_aInternational finance.
650		0	_aForeign exchange rates
650		0	_aFinance
650		0	_aDeveloping countries
650		0	_aEconomic development
942			_2ddc _cBOOK
949			_a332.4'5 BIR
999			_c7897 _d7897