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Author: Padma Desai Publisher: Columbia University Press ISBN: 023115786X Category : Business & Economics Languages : en Pages : 274
Book Description
This book examines the factors leading to America's recent recession, describing the monetary policy, tax practices, subprime mortgages and lack of regulation that contributed to the crisis. The book also considers the the prospects for economic recovery in North America, Europe, Asia, and South America as well as the extent of U.S. and EU regulatory proposals.
Author: Padma Desai Publisher: Columbia University Press ISBN: 023115786X Category : Business & Economics Languages : en Pages : 274
Book Description
This book examines the factors leading to America's recent recession, describing the monetary policy, tax practices, subprime mortgages and lack of regulation that contributed to the crisis. The book also considers the the prospects for economic recovery in North America, Europe, Asia, and South America as well as the extent of U.S. and EU regulatory proposals.
Author: Menzie D. Chinn Publisher: W. W. Norton & Company ISBN: 0393080501 Category : Business & Economics Languages : en Pages : 259
Book Description
A clear, authoritative guide to the crisis of 2008, its continuing repercussions, and the needed reforms ahead. The U.S. economy lost the first decade of the twenty-first century to an ill-conceived boom and subsequent bust. It is in danger of losing another decade to the stagnation of an incomplete recovery. How did this happen? Read this lucid explanation of the origins and long-term effects of the recent financial crisis, drawn in historical and comparative perspective by two leading political economists. By 2008 the United States had become the biggest international borrower in world history, with more than two-thirds of its $6 trillion federal debt in foreign hands. The proportion of foreign loans to the size of the economy put the United States in league with Mexico, Indonesia, and other third-world debtor nations. The massive inflow of foreign funds financed the booms in housing prices and consumer spending that fueled the economy until the collapse of late 2008. This was the most serious international economic crisis since the Great Depression of the 1930s. Menzie Chinn and Jeffry Frieden explain the political and economic roots of this crisis as well as its long-term effects. They explore the political strategies behind the Bush administration’s policy of funding massive deficits with foreign borrowing. They show that the crisis was foreseen by many and was avoidable through appropriate policy measures. They examine the continuing impact of our huge debt on the continuing slow recovery from the recession. Lost Decades will long be regarded as the standard account of the crisis and its aftermath.
Author: Keeley Brian Publisher: OECD Publishing ISBN: 9264077073 Category : Languages : en Pages : 147
Book Description
From Crisis to Recovery traces the causes, course and consequences of the “Great Recession”. It explains how a global build up of liquidity, coupled with poor regulation, created a financial crisis that quickly began to make itself felt in the real economy.
Author: Albert G. Hart Publisher: Routledge ISBN: 1315286033 Category : Business & Economics Languages : en Pages : 389
Book Description
This book provides a perspective by a prominent economist on the problems of debt, recession, and recovery in the 1930s as compared with the 1990s. The book begins with several chapters on the explosion of debt in the public and private sectors during the 1970s and 1980s, and its implications for economic stagnation and recession that seem to plague the economy. Resolution of the debt problem and reform of the banking and financial system are critically important because these problems dampen economic recovery and growth in the future. The second part of the book is a reprint of Albert Hart's classic 1938 study, Debts and Recovery 1929 to 1937, originally published by the 20th Century Fund. The extraordinary parallel between financial problems of the 1930s and the 1990s, solutions of the past, and proposed reforms for the future may provide a fascinating study for scholars and interested citizens alike.
Author: Rudiger Dornbusch Publisher: University of Chicago Press ISBN: 0226158470 Category : Business & Economics Languages : en Pages : 440
Book Description
The debt crisis of 1982 caused serious economic disruptions in most developing countries. Reform, Recovery, and Growth explains why some of these countries have recovered from the debt crisis, while more than a decade later others continue to stagnate. Among the questions addressed are: What are the requirements for a stabilization policy that reduces inflation in a reasonable amount of time at an acceptable cost? What are the effects of structural reforms, especially trade liberalization, deregulation, and privatization, on growth in the short and long runs? How do macroeconomic instability and adjustment policies affect income distribution and poverty? How does the specific design of structural adjustment efforts affect results? In this companion to Macroeconomics of Populism in Latin America, the authors confirm that macroeconomic stability has a positive effect on income distribution. The volume presents case studies that describe in detail the stabilization experiences in Brazil, Israel, Argentina, and Bolivia, and also includes discussion of Chile, Mexico, Peru, and Turkey.
Author: Barry Herman Publisher: Oxford University Press ISBN: 0199578788 Category : Business & Economics Languages : en Pages : 532
Book Description
The book looks at historical sovereign debt crises in developing and transition economies, and concludes that these occurrences have been economic and social catastrophes and are likely to happen again in the future due to the boom and bust nature of economic cycles, which can wreak havoc in liberalized financial environments.
Author: Financial Crisis Inquiry Commission Publisher: Cosimo, Inc. ISBN: 1616405414 Category : Political Science Languages : en Pages : 692
Book Description
The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.
Author: Timothy J. Barnett Publisher: Createspace Independent Pub ISBN: 9781466213999 Category : Political Science Languages : en Pages : 552
Book Description
Using a template of 85 political sermons (like the 85 essays in "The Federalist Papers"), Professor Barnett advocates a new era of financial accountability in "America's False Recovery." Breaking untilled ground in finance capitalism, the book explains why America's economy must reward productive contributions instead of catering to speculative money. Follow the financial crisis of 2008-2009 through the crash, bailouts, moral hazard, and pseudo-recovery. Learn how a coming sovereign debt crisis will transform America into a democratic plutocracy. *** AMERICA'S FALSE RECOVERY EXPLAINS THE NATURE OF DEMOCRATIC PLUTOCRACY. Democratic plutocracy is a political system where monied elites rule society from behind the veil of democratic appearances. In a democratic plutocracy, the national constitution provides republican institutions, yet the laws of finance and commerce are read so as to liberate elites to manage national affairs for their own benefit. No other book on the 2008-2009 financial crisis so thoroughly examines how finance driven government evolves into coercive democratic plutocracy. *** AMERICA'S FALSE RECOVERY argues that in the coming sovereign debt crisis Americans will lose liberties as well as discretionary income. Austerity is just the beginning (i.e., curtailed government subsidies, increased taxes and stunted economic growth). The American crisis will remove many federal assets from the public domain where Americans currently enjoy them for little cost. The control of many public assets will fall into the hands of the international financial community, thus undermining the quality of life for middle-income Americans. *** ATTRACTIONS AND BENEFITS OF READING AMERICA'S FALSE RECOVERY: An easy-to-read typeface in a paperback the size of a hardback (580 pages). Themes are organized to match the progression of events in the 2008-2009 crisis. The book is divided into 85 chapters, each with a brief conclusion. This design facilitates profitable reading experiences even when a reader has but ten minutes to spare. Over 500 endnotes are provided, most which give readers links to analytical news reports. A carefully designed list of recommended books speeds any researcher's work. The book's index is designed to highlight matters bearing upon financial morality. Readers will find Internet searchable content at a website associated with the book. The book is designed to remain useful to readers during the entire 2011-2030 period. Alert readers will learn how to avoid financial pitfalls in the larger crisis yet to come. This is a book with ideas that can help restore America to greatness in due season. Quite simply, there is no other book like this in America! *** AMERICA'S FALSE RECOVERY helps readers make connections between current events and the timeless Federalist Papers (written by James Madison, Alexander Hamilton and John Jay). Both books have 85 essays that highlight the components of sound governance. Both texts warn Americans to be on guard against stealth invasions of the political system that work to undermine fundamental liberties. Both manuscripts appreciate small but energetic federal government where powers are suitably checked, balanced and made to serve the public good. Both documents are realistic about human nature, alert to the hazards of ignorance, and insistent about the necessity of public and private virtue. *** AMERICA'S FALSE RECOVERY provides Biblical insights in a handy appendix. The history and utility of political sermons is explained in a preface and second appendix. The author opposes socialism as an undesirable system that overexpands government. Simultaneously, he advocates redesigning America's capital markets so that a morally just, merit-based distribution of national prosperity results. ***
Author: Andrew Smithers Publisher: John Wiley & Sons ISBN: 1118515692 Category : Business & Economics Languages : en Pages : 267
Book Description
Renowned economist Andrew Smithers offers prescriptive advice and economic theory on avoiding the next financial crisis In The Road to Recovery, Andrew Smithers—one of a handful of respected economists to have accurately predicted the most recent global financial crisis—argues that the neoclassical consensus governing global economic decision-making must be revised in order to avoid the next financial collapse. He argues that the current low interest rates and budget deficits have prevented the recession becoming a depression but that those policies cannot be continuously repeated and a new consensus for action must be found. He offers practical guidance on reducing government, household, and business debt; changing the economic incentives for the management class that currently inhibit long-term growth; and rebalancing national economies both internally and externally. Further, he explains how central bankers must broaden the economic theories that guide their decisions to include the major factors of debt and asset prices. Offers practical, real-world economic policies for restructuring and rebalancing the global economic system Presents a modern economic theory for preventing the next collapse Ideal for economists, investors, fund managers, and central bankers Written by an economist described by the legendary Barton Biggs as "one of the five best, most dispassionate, erudite analysts in the world" As the global economy continues the long climb out of recession, it's imperative that central bankers and other economic decision-makers not repeat the mistakes of the past. The Road to Recovery offers prescriptive guidance on redesigning an economic system that is healthy, stable, and beneficial to all.
Author: Padma Desai
Author: Padma Desai
Author: Menzie D. Chinn
Author: Keeley Brian
Author: Albert G. Hart
Author: Albert Gailord Hart
Author: Rudiger Dornbusch
Author: Barry Herman
Author: Financial Crisis Inquiry Commission
Author: Timothy J. Barnett
Author: Andrew Smithers