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Regulatory Implications of Global Financial Markets

In: Financial Fragility, Debt and Economic Reforms

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  • Stephany Griffith-Jones

Abstract

In 1993 borrowing on international capital markets continued its rapid increase for the third year in a row: in 1991, there had been a rapid increase (of 20.7 per cent) in the aggregate volume of international capital flows and in 1992, there was a further increase of 16.2 per cent. In 1993, global borrowing rose even more by 33 per cent (see Table 9.1). Thus, 1993 global borrowing more than doubled 1987 levels.

Suggested Citation

  • Stephany Griffith-Jones, 1996. "Regulatory Implications of Global Financial Markets," Palgrave Macmillan Books, in: Sunanda Sen (ed.), Financial Fragility, Debt and Economic Reforms, chapter 9, pages 174-197, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-13801-2_10
    DOI: 10.1007/978-1-349-13801-2_10
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