Finance Internationale Henri Bourguinat Pdf 13

LINK ::: https://shurll.com/2tvDIx

Finance Internationale Henri Bourguinat Pdf 13: A Review of a Classic Book on International Finance

Finance Internationale Henri Bourguinat Pdf 13 is a book by Henri Bourguinat, a French economist and professor who specialized in international finance and monetary issues. The book was published in 1987 and is considered a classic in the field of international finance. It covers various topics such as the paradoxes of the dollar, the debt crisis of developing countries, the logic of international finance, and the reform of the international monetary system.

In this article, we will review some of the main ideas and contributions of Finance Internationale Henri Bourguinat Pdf 13, as well as its relevance and impact in today's globalized economy. We will also provide some information on how to access and download the book online.

The Paradoxes of the Dollar

One of the first chapters of Finance Internationale Henri Bourguinat Pdf 13 deals with the international status of the dollar, which has been the dominant currency in the world since the end of World War II. Bourguinat analyzes the causes and consequences of the dollar's strength and weakness, as well as its role in creating global imbalances and instability.

Bourguinat argues that the dollar's strength in the 1980s was partly due to its function as a reserve currency, which allowed the US to run large trade and budget deficits without facing external constraints. However, this also created a \"bubble\" in the financial markets, which eventually burst in October 1987, causing a stock market crash and a depreciation of the dollar.

Bourguinat also examines the factors that led to the dollar's weakness in the 1970s, such as the breakdown of the Bretton Woods system, the oil shocks, and the inflationary pressures. He explains how these events triggered a shift from fixed to floating exchange rates, which increased the volatility and uncertainty of international finance.

The Debt Crisis of Developing Countries

Another important topic that Finance Internationale Henri Bourguinat Pdf 13 addresses is the debt crisis of developing countries, which emerged in the early 1980s and lasted for more than a decade. Bourguinat describes how many developing countries borrowed heavily from international banks and institutions in order to finance their development plans, but faced difficulties in repaying their debts due to rising interest rates, falling commodity prices, and declining growth.

Bourguinat analyzes how the debt crisis was managed by both creditors and debtors, through various mechanisms such as rescheduling, refinancing, restructuring, and debt relief. He also evaluates the social and economic costs of the crisis for both parties, as well as its implications for global governance and cooperation.

The Logic of International Finance

A third major theme that Finance Internationale Henri Bourguinat Pdf 13 explores is the logic of international finance, which refers to the patterns and trends that shape the behavior and performance of financial actors and markets across borders. Bourguinat identifies three key factors that have driven the evolution of international finance: deregulation, disintermediation, and decoupling.

Deregulation means the removal or reduction of legal and institutional barriers that restrict or regulate financial transactions. Disintermediation means the bypassing or elimination of intermediaries such as banks or brokers that facilitate financial transactions. Decoupling means

the separation or divergence of financial flows from real economic activities such as trade or production.

Bourguinat argues that these three factors have led to a \"financial revolution\" that has increased the complexity, diversity, efficiency, and riskiness of international finance. He also discusses how these factors have affected different aspects of international finance such as exchange rates, interest rates, capital flows, portfolio diversification, speculation, arbitrage, hedging, innovation, and integration.

The Reform of the International Monetary System

The final chapter of Finance Internationale Henri Bourguinat Pdf 13 deals with the reform of the international monetary system, which is the set of rules and institutions that governs monetary relations among countries. Bourguinat reviews some of the main proposals and initiatives that have been put forward to aa16f39245