Financial Crises and Recession in the Global Economy, Fourth Edition

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1785361112
Total Pages : 224 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis Financial Crises and Recession in the Global Economy, Fourth Edition by : Roy E. Allen

Download or read book Financial Crises and Recession in the Global Economy, Fourth Edition written by Roy E. Allen and published by Edward Elgar Publishing. This book was released on 2016 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new edition of Financial Crises and Recession in the Global Economy explores the major financial instabilities and evolutionary trends in the global economy since the 1970s. A learned but accessible book, it is perfect for a broad audience of academics and practitioners but has also been used as a supplementary textbook for courses in international economics, international finance, money and banking, and macroeconomics.

Financial Crises and Recession in the Global Economy

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1803927577
Total Pages : 215 pages
Book Rating : 4.8/5 (39 download)

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Book Synopsis Financial Crises and Recession in the Global Economy by : Roy E. Allen

Download or read book Financial Crises and Recession in the Global Economy written by Roy E. Allen and published by Edward Elgar Publishing. This book was released on 2023-11-03 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this incisive fifth edition of Financial Crises and Recession in the Global Economy, Roy E. Allen examines the major financial instabilities, crises, and evolutionary trends since the 1970s and through the recent Covid-19 pandemic.

Collapse and Revival

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Publisher : International Monetary Fund
ISBN 13 : 1513570021
Total Pages : 307 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Collapse and Revival by : Mr.Ayhan Kose

Download or read book Collapse and Revival written by Mr.Ayhan Kose and published by International Monetary Fund. This book was released on 2015-12-16 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the debates about the recent global recession and the subsequent recovery have clearly shown, our understanding of these questions has been very limited. This comprehensive text puts the latest global recession and ongoing recovery in perspective. With the support of a companion website and DVD, we have created several multimedia tools to help understand the basics.

Framing the Global Economic Downturn

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Publisher : ANU E Press
ISBN 13 : 1921666056
Total Pages : 362 pages
Book Rating : 4.9/5 (216 download)

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Book Synopsis Framing the Global Economic Downturn by : Paul 't Hart

Download or read book Framing the Global Economic Downturn written by Paul 't Hart and published by ANU E Press. This book was released on 2009-09-01 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economic downturn that followed the collapse of major US financial institutions is no doubt the most significant crisis of our times. Its effects on corporate and governmental balance sheets have been devastating, as have been its impacts on the employment and well being of tens of millions of citizens. It continues to pose major challenges to national policymakers and institutions around the world. Managing public uncertainty and anxiety is vital in coping with financial crises. This requires not just prompt action but, most of all, persuasive communication by government leaders. At the same time, the very occurrence of such crises raises acute questions about the effectiveness and robustness of current government policies and institutions. With the stakes being so high, defining and interpreting what is going on, how and why it happened, and what ought to be done now become key questions in the political and policy struggles that crises invariably unleash. In this volume, we study how heads of government, finance ministers and national bank governors in eight countries as well as the EU engage in such 'framing contests', and how their attempts to interpret the cascading events of the economic downturn were publicly received. Using systematic content analysis of speeches and media coverage, this volume offers a unique comparative assessment of public leadership in times of crisis.

Global Financial Crisis

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Author :
Publisher : Ashgate Publishing, Ltd.
ISBN 13 : 1409489396
Total Pages : 348 pages
Book Rating : 4.4/5 (94 download)

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Book Synopsis Global Financial Crisis by : Chiara Oldani

Download or read book Global Financial Crisis written by Chiara Oldani and published by Ashgate Publishing, Ltd.. This book was released on 2013-03-28 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Out of the debate over the effectiveness of the policy responses to the 2008 global financial crisis as well as over the innovativeness of global governance comes this collection by leading academics and practitioners who explore the dynamics of economic crisis and impact. Edited by Paolo Savona, John J. Kirton, and Chiara Oldani Global Financial Crisis: Global Impact and Solutions examines the nature of the recent crisis, its consequences in major regions and countries, the innovations in the ideas, instruments and institutions that constitute national and regional policy responses, building on the G8's response at its L'Aquila Summit. Experts from Africa, North America, Asia and Europe examine the implications of those responses for international cooperation, coordination and institutional change in global economic governance, and identify ways to reform and even replace the architecture created in the mid 20th century in order to meet the global challenges of the 21st.

Before and Beyond the Global Economic Crisis

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1781952019
Total Pages : 273 pages
Book Rating : 4.7/5 (819 download)

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Book Synopsis Before and Beyond the Global Economic Crisis by : Mats Benner

Download or read book Before and Beyond the Global Economic Crisis written by Mats Benner and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÔThis outstanding book examines whether and how the finance-led growth model can be transformed. The authorsÕ insightful analyses make significant contributions to our understanding of the global economic crisis since 2008 and the search for possible new paths beyond the crisis.Õ Ð Stein Kuhnle, University of Bergen, Norway and Hertie School of Governance, Germany ÔThis book sheds a powerful light on the current uncertainty of the world economy. Indispensable reading for understanding the roots of the crisis and the possible ways out.Õ Ð Carlota Perez, Technological University of Tallinn, Estonia and London School of Economics, UK This timely and far-reaching book addresses the long-term impact of the recent global economic crisis. New light is shed on the crisis and its historical roots, and resolutions for a more robust, resilient future socio-economic model are prescribed. Leading experts across a range of field including macroeconomics, politics, economic history, social policy, linguistics and global economic relations address key issues emerging from the crisis. They consider whether a new era in interactions between state, society and markets is actually dawning, and whether the finance-led economic growth model will be transformed into a new and more stable model. The role of the crisis in economy, polity and society, in shaking up existing institutional regimes and in paving the way for new ones is also discussed. Post-crisis combinations of state-society-economy relations are identified, and the question of whether the crisis has led to the reconsideration of economic relations and their institutional embeddedness is explored. This challenging book will provide a thought provoking read for academics, students and researchers focusing on economics, political science and sociology. Policymakers in the fields of economic, industrial and social policy will also find this book to be an informative point of reference.

Freefall: America, Free Markets, and the Sinking of the World Economy

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Author :
Publisher : W. W. Norton & Company
ISBN 13 : 0393075966
Total Pages : 396 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis Freefall: America, Free Markets, and the Sinking of the World Economy by : Joseph E. Stiglitz

Download or read book Freefall: America, Free Markets, and the Sinking of the World Economy written by Joseph E. Stiglitz and published by W. W. Norton & Company. This book was released on 2010 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nobel Prize-winner Stiglitz explains the current financial crisis--and the coming global economic order.

The Global Economic Crisis

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Author :
Publisher : Routledge
ISBN 13 : 113672415X
Total Pages : 387 pages
Book Rating : 4.1/5 (367 download)

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Book Synopsis The Global Economic Crisis by : Emiliano Brancaccio

Download or read book The Global Economic Crisis written by Emiliano Brancaccio and published by Routledge. This book was released on 2013-03-01 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why did the economists of the so-called "mainstream" seem to fail to foresee the global economic crisis that exploded in 2008? And why do they appear to have difficulty in putting forward an interpretation of it that is consistent with the theoretical foundations of their models? These two questions have echoed insistently since the outbreak of the crisis, not only in academic circles but also in the mass media, and appear to reflect increasingly widespread dissatisfaction with the dominant paradigm of economic theory. Many believe that the global recession now underway may constitute an historic watershed for the evolution of economics and therefore that an authentic change of paradigm is called for, rather than only minor adjustments to the dominant approach. Since the start of the crisis, there has indeed been a profusion of contributions from alternative areas of economic study, and in particular from those adopting a critical stance with respect to mainstream economic theory. This collection puts forward promising reinterpretations of the primary schools of heterodox political economy, stringent critiques of the conventional readings of the recession, new schemes of theoretical and empirical analysis of the crisis, and proposals for economic policies alternative to those hitherto adopted. This book contains a selection of some of the most recent contributions to the critique of mainstream economic theory and policy, and discusses the origins and possible evolutions of the current economic crisis. The collection should be of interest to students and researchers focussing on macroeconomics, monetary economics, political economy and financial economics.

Crisis Economics

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Author :
Publisher : Penguin
ISBN 13 : 1101427426
Total Pages : 368 pages
Book Rating : 4.1/5 (14 download)

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Book Synopsis Crisis Economics by : Nouriel Roubini

Download or read book Crisis Economics written by Nouriel Roubini and published by Penguin. This book was released on 2010-05-11 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This myth shattering book reveals the methods Nouriel Roubini used to foretell the current crisis before other economists saw it coming and shows how those methods can help us make sense of the present and prepare for the future. Renowned economist Nouriel Roubini electrified his profession and the larger financial community by predicting the current crisis well in advance of anyone else. Unlike most in his profession who treat economic disasters as freakish once-in-­a-lifetime events without clear cause, Roubini, after decades of careful research around the world, realized that they were both probable and predictable. Armed with an unconventional blend of historical analysis and global economics, Roubini has forced politicians, policy makers, investors, and market watchers to face a long-neglected truth: financial systems are inherently fragile and prone to collapse. Drawing on the parallels from many countries and centuries, Nouriel Roubini and Stephen Mihm, a professor of economic history and a New York Times Magazine writer, show that financial cataclysms are as old and as ubiquitous as capitalism itself. The last two decades alone have witnessed comparable crises in countries as diverse as Mexico, Thailand, Brazil, Pakistan, and Argentina. All of these crises-not to mention the more sweeping cataclysms such as the Great Depression-have much in common with the current downturn. Bringing lessons of earlier episodes to bear on our present predicament, Roubini and Mihm show how we can recognize and grapple with the inherent instability of the global financial system, understand its pressure points, learn from previous episodes of "irrational exuberance," pinpoint the course of global contagion, and plan for our immediate future. Perhaps most important, the authors-considering theories, statistics, and mathematical models with the skepticism that recent history warrants—explain how the world's economy can get out of the mess we're in, and stay out. In Roubini's shadow, economists and investors are increasingly realizing that they can no longer afford to consider crises the black swans of financial history. A vital and timeless book, Crisis Economics proves calamities to be not only predictable but also preventable and, with the right medicine, curable.

The IMF and Global Financial Crises

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Author :
Publisher : Cambridge University Press
ISBN 13 : 0521874173
Total Pages : 263 pages
Book Rating : 4.5/5 (218 download)

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Book Synopsis The IMF and Global Financial Crises by : Joseph P. Joyce

Download or read book The IMF and Global Financial Crises written by Joseph P. Joyce and published by Cambridge University Press. This book was released on 2013 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Joyce traces the IMF's actions to promote international financial stability from the Bretton Woods era through the recent recession.

Global Financial Crisis

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Publisher : DIANE Publishing
ISBN 13 : 1437920071
Total Pages : 32 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Global Financial Crisis by : Dick K. Nanto

Download or read book Global Financial Crisis written by Dick K. Nanto and published by DIANE Publishing. This book was released on 2009-12 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents: (1) The Issue and Role of Congress; (2) Two Indicators of the Severity of the Crisis: Growth and Trade; (3) Political and Foreign Policy Effects of the Crisis: (a) Effects on Political Leadership; Regimes; Perceived Countries of Influence; and Stability, Violence, and Terrorism: Political Leadership; Perceived Countries of Influence; Stability, Violence, and Terrorism; (b) Effects on Economic Philosophies, State Capitalism, and Protectionism: Economic Philosophies: State Capitalism; Trade Protectionism; (c) Effects on U.S. Leadership and Attitudes Toward the U.S.; (d) Effects on Supranational Financial and Economic Org.; (e) Effects on Poverty: (f) Budgetary Effects on Resources for Aid, Diplomacy, and Defense. Charts and tables.

Crashed

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Publisher : Penguin
ISBN 13 : 0143110357
Total Pages : 722 pages
Book Rating : 4.1/5 (431 download)

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Book Synopsis Crashed by : Adam Tooze

Download or read book Crashed written by Adam Tooze and published by Penguin. This book was released on 2019-08-27 with total page 722 pages. Available in PDF, EPUB and Kindle. Book excerpt: WINNER OF THE LIONEL GELBER PRIZE A NEW YORK TIMES NOTABLE BOOK OF 2018 ONE OF THE ECONOMIST'S BOOKS OF THE YEAR A NEW YORK TIMES CRITICS' TOP BOOK "An intelligent explanation of the mechanisms that produced the crisis and the response to it...One of the great strengths of Tooze's book is to demonstrate the deeply intertwined nature of the European and American financial systems."--The New York Times Book Review From the prizewinning economic historian and author of Shutdown and The Deluge, an eye-opening reinterpretation of the 2008 economic crisis (and its ten-year aftermath) as a global event that directly led to the shockwaves being felt around the world today. We live in a world where dramatic shifts in the domestic and global economy command the headlines, from rollbacks in US banking regulations to tariffs that may ignite international trade wars. But current events have deep roots, and the key to navigating today’s roiling policies lies in the events that started it all—the 2008 economic crisis and its aftermath. Despite initial attempts to downplay the crisis as a local incident, what happened on Wall Street beginning in 2008 was, in fact, a dramatic caesura of global significance that spiraled around the world, from the financial markets of the UK and Europe to the factories and dockyards of Asia, the Middle East, and Latin America, forcing a rearrangement of global governance. With a historian’s eye for detail, connection, and consequence, Adam Tooze brings the story right up to today’s negotiations, actions, and threats—a much-needed perspective on a global catastrophe and its long-term consequences.

The Global Economic System

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Author :
Publisher : Pearson Education
ISBN 13 : 9780134119717
Total Pages : 0 pages
Book Rating : 4.1/5 (197 download)

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Book Synopsis The Global Economic System by : George Chacko

Download or read book The Global Economic System written by George Chacko and published by Pearson Education. This book was released on 2011-06 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first professional-level authoritative guide to today's global financial system: how it works, how its elements fit together, and the vulnerabilities that can cause it to fail. Writing for working financial professionals and other sophisticated readers, the authors thoroughly explain the modern global credit system; the roles of banks, hedge funds, insurers, central banks, mortgage markets, and other participants; and the credit-related instruments they rely on. In particular, the authors illuminate the crucial importance of liquidity, and show why liquidity failures have been the key cause of all major market crashes for the past several decades. The Global Financial System thoroughly examines economic environments in which slow de-leveraging leads to prolonged sluggish growth, and compares today's environment to other periods of deleveraging, such as the Great Depression and the Japanese economic meltdown of the '90s and '00s. It predicts potential pathways for the current crisis, and offers essential guidance to both policymakers and investment decision-makers.

Against the Consensus

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Publisher :
ISBN 13 : 9781461936541
Total Pages : 247 pages
Book Rating : 4.9/5 (365 download)

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Book Synopsis Against the Consensus by : Justin Yifu Lin

Download or read book Against the Consensus written by Justin Yifu Lin and published by . This book was released on 2013 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In June 2008, Justin Yifu Lin was appointed Chief Economist of the World Bank, right before the eruption of the worst global financial and economic crisis since the Great Depression. Drawing on experience from his privileged position, Lin offers unique reflections on the cause of the crisis, why it was so serious and widespread, and its likely evolution. Arguing that conventional theories provide inadequate solutions, he proposes new initiatives for achieving global stability and avoiding the recurrence of similar crises in the future. He suggests that the crisis and the global imbalances both originated with the excess liquidity created by US financial deregulation and loose monetary policy, and recommends the creation of a global Marshall Plan and a new supranational global reserve currency. This thought-provoking book will appeal to academics, graduate students, policy makers, and anyone interested in the global economy."--Publisher's website.

Wake up America

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Publisher : LifeRich Publishing
ISBN 13 : 1489738274
Total Pages : 767 pages
Book Rating : 4.4/5 (897 download)

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Book Synopsis Wake up America by : Edward E. Mills

Download or read book Wake up America written by Edward E. Mills and published by LifeRich Publishing. This book was released on 2021-10-13 with total page 767 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book will severely challenge every element of the consensus explanation for the Great Recession. In fact, a book like this, although not necessarily this one, is urgently needed to counter the massive disinformation spread by the Majority Report of the Financial Crisis Inquiry Commission that Congress created in 2009 to investigate the financial crisis of 2007-2009 that led to the Great Recession. Congress handed the Commission a list of 19 directives, including the directive to examine “the global imbalance of savings, international capital flows, and fiscal imbalances of various governments; [and] monetary policy and the availability and terms of credit.” The Commission chairman clearly steered the Commission toward the goal of shifting the blame for the financial crisis from government onto the backs of the private mortgage finance industry consisting not only of banks but including mortgage bankers, insurance companies and the mortgage giants popularly known as Fannie Mae and Freddie Mac. The Commission chairman specifically refused to consider any evidence linking the financial crisis and consequential Great Recession that struck the United States but impacted the global economy as well! This book has no agenda other than to present a complete, factual history of the events, conditions and policies that led to the Great Recession. The history will demonstrate that the seeds of the financial crisis were sown during the administration of George Washington and the economic theories spawned during the Great Depression. The overarching thesis is that the Global Financial Crisis and the resulting Global Recession was a perfect superstorm composed of the merger of separate storm systems; notably aggressive welfare activism, the Nation’s “affordable housing” crusade, the zigs and zags of the Federal Reserve’s monetary policies, and the $.9 trillion trade deficit the U.S. accumulated between 1997 and 2007 which former Federal Reserve Chairman Ben Bernanke dubbed the “Global Savings Glut” and others labeled the “Global Dollar Glut!”

The Meltdown Years: The Unfolding of the Global Economic Crisis

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Author :
Publisher : McGraw Hill Professional
ISBN 13 : 0071713689
Total Pages : 273 pages
Book Rating : 4.0/5 (717 download)

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Book Synopsis The Meltdown Years: The Unfolding of the Global Economic Crisis by : Wolfgang Munchau

Download or read book The Meltdown Years: The Unfolding of the Global Economic Crisis written by Wolfgang Munchau and published by McGraw Hill Professional. This book was released on 2009-10-02 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Meltdown Years offers the most lucid and useful explanation to date about why home values, life savings, job security, and investments around the world are in peril. Rather than focus on who is to blame, though, author Wolfgang Münchau takes the more practical approach of focusing on what is to blame. The fact that individuals were stupid, greedy, and corrupt should come as no surprise. What’s remarkable is that our world’s financial systems—put in place to help stave off such a crisis—failed so miserably. What is inherently wrong with the global monetary system? What happened to the regulatory process? What role did the credit market, hedge funds, and investment banks play? These are the types of questions one must answer in order to truly comprehend what caused the meltdown and, more importantly, to understand what must be done to repair it. Münchau dissects the global financial system, exposing its flaws and weaknesses in the context of the crisis. A decidedly global perspective of the greatest financial crisis of our time, The Meltdown Years examines The structure of the world banking system Global events that led to financial collapse The growth of speculative bubbles The descent from financial crisis into full-out recession Pointing to an unstable global economic system as the root of the problem, the author predicts how long the recession willand illustrates long-term consequences of the meltdown. “Apportioning [individual] blame for this crisis may be fun,” Münchau writes, “but it is a dead-end road for anyone who seeks an understanding of what happened.” AIG, Alan Greenspan, Fannie Mae, Bear Stearns... Each is portrayed as a villain responsible for the state of the economy. In truth, the blame is much broader and lies much deeper. The Meltdown Years is required reading for anyone who wants to follow the ongoing debate about economic recovery and understand what the collapse means for the future of financial capitalism.

Global Financial Crisis and Challenges for China

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Author :
Publisher : World Scientific
ISBN 13 : 9814434620
Total Pages : 144 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Global Financial Crisis and Challenges for China by : Dr Mu Yang

Download or read book Global Financial Crisis and Challenges for China written by Dr Mu Yang and published by World Scientific. This book was released on 2012-07-25 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book analyzes the nature of Chinese economy which enables it to go through the financial tsunami pretty unscathed. It discusses the stimulus package designed by the Chinese government to keep the economy on course, as well as its results ? both positive and negative aspects in the middle and long term. The 2008?09 financial crisis makes it very clear that we need a two-pronged approach to deal with the situation, namely governments need a) to take quick and decisive actions to stem any further deterioration in financial systems; b) to revamp their economies by refitting existing engines in the real economy. China, as the third largest economy in the world, and with its robust domestic consumption and a healthy financial system, is one of the most important drivers to pull the world out of recession. According to the Chinese leadership, China's main contribution is to keep its own economy running smoothly. In response to the crisis, the Beijing government has poured money into the following sectors: public housing, earthquake reconstruction, physical infrastructure, social security, education and healthcare. So far, the results have helped China to maintain the targeted high growth. Given the open nature of its economy, its high growth has also benefited other countries, thereby contributing to the global economy. The current crisis strengthens a trend that has emerged since the Asian financial crisis of 1997. And that is the enhanced economic integration of China with its East Asian neighbours and Southeast Asia. This augurs well for East Asian regionalism which may include the birth of Asian Monetary Fund. The global environment in the wake of the crisis poses new challenges to China, for example, in the form of shrinking size of its traditional export market in the USA and Europe. China needs to modify its strategy from previous export-oriented and investment-driven strategy into one with more emphasis on consumption. There is a lot of scope for China to embark on productive consumption such as cleaning up the environment, physical infrastructure, social security, education and healthcare. If done well, they will lay a firm basis for long-term economic development. It represents an occasion for China to embark on a nation-wide effort to upgrade its economy in the key sectors. At the same time, attention needs to be paid to improving economic-legal institutional framework to support China's role as a major global player.Contents: IntroductionThe 2008 Financial Crisis and the Chinese EconomyShanghai as an International Financial CentreThe Renminbi DebatePromoting China-ASEAN Economic CooperationThe Flying Geese ModelReflections on Developmental ModelsBy Way of Conclusion: Some Random Thoughts Readership: Academics interested in Asian Studies, China's economy and the financial crisis; general public.