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Cracks in the façade: American economic and financial structures after the boom

In: The Structural Foundations of International Finance

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  • William R. Emmons
  • Frank A. Schmid

Abstract

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.

Suggested Citation

  • William R. Emmons & Frank A. Schmid, 2003. "Cracks in the façade: American economic and financial structures after the boom," Chapters, in: Pier Carlo Padoan & Paul A. Brenton & Gavin Boyd (ed.), The Structural Foundations of International Finance, chapter 7, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3084_7
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    References listed on IDEAS

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