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Author: Ranga Chand Publisher: Independently Published ISBN: Category : Business & Economics Languages : en Pages : 0
Book Description
The 2007-2008 financial crises and the Great Recession that followed was a global event that caused great upheaval in the world economy. The crisis, which started in the US with the sub-prime mortgage debacle and the bursting of the housing bubble, triggered a credit crunch that reverberated around the globe and came close to toppling the world's financial infrastructure. The developed countries were particularly hard hit as GDP dropped sharply in all the major Western economies. With demand plunging and job losses mounting, the unemployment rate soared. Compared to their pre-crisis levels, the rate doubled in several countries including Ireland, Spain and the United States and tripled in the Baltic countries of Latvia and Lithuania.Tens of thousands of businesses, both large and small from all economic sectors, went bankrupt. For households, as property prices tanked millions of homeowners found themselves in negative equity, owing more on their mortgages than their homes were worth. When Lehman Brothers, the behemoth Wall Street bank, collapsed in September 2008 it was a watershed moment. Credit markets froze and liquidity virtually vanished as banks were reluctant to lend for fear of not being repaid which gummed up the economic machinery. As panic rippled through the system and investors headed for the exits, global stock markets took a battering. By the end of 2008 trillions of dollars in value had been wiped out. This book brings together a series of essays that the author wrote for his corporate clients over the period from 2009 to 2012. The articles analyzed the impact and fallout that the Great Recession had on the global economy and critically examined the efficacy of the policy responses of governments and central banks as they tried to steady the global economic ship. Also included are a number of posts by the author that were published in the Globe and Mail, Canada's premier national newspaper.
Author: Ranga Chand Publisher: Independently Published ISBN: Category : Business & Economics Languages : en Pages : 0
Book Description
The 2007-2008 financial crises and the Great Recession that followed was a global event that caused great upheaval in the world economy. The crisis, which started in the US with the sub-prime mortgage debacle and the bursting of the housing bubble, triggered a credit crunch that reverberated around the globe and came close to toppling the world's financial infrastructure. The developed countries were particularly hard hit as GDP dropped sharply in all the major Western economies. With demand plunging and job losses mounting, the unemployment rate soared. Compared to their pre-crisis levels, the rate doubled in several countries including Ireland, Spain and the United States and tripled in the Baltic countries of Latvia and Lithuania.Tens of thousands of businesses, both large and small from all economic sectors, went bankrupt. For households, as property prices tanked millions of homeowners found themselves in negative equity, owing more on their mortgages than their homes were worth. When Lehman Brothers, the behemoth Wall Street bank, collapsed in September 2008 it was a watershed moment. Credit markets froze and liquidity virtually vanished as banks were reluctant to lend for fear of not being repaid which gummed up the economic machinery. As panic rippled through the system and investors headed for the exits, global stock markets took a battering. By the end of 2008 trillions of dollars in value had been wiped out. This book brings together a series of essays that the author wrote for his corporate clients over the period from 2009 to 2012. The articles analyzed the impact and fallout that the Great Recession had on the global economy and critically examined the efficacy of the policy responses of governments and central banks as they tried to steady the global economic ship. Also included are a number of posts by the author that were published in the Globe and Mail, Canada's premier national newspaper.
Author: Graham Bird Publisher: Springer ISBN: 1349095885 Category : Business & Economics Languages : en Pages : 308
Book Description
This collection of articles and papers has been organised under a limited number of specific themes in international financial economics, including balance of payment theory and policy, the activities of the IMF, Special Drawing Rights, the role of the private financial markets, and the international economic order. A unifying theme running through all the essays is that some degree of management of international financial affairs is desirable. The book has a strong policy orientation and should be of interest to students and practitioners of international financial economics alike.
Author: Kemal Dervis Publisher: Brookings Institution Press ISBN: 0815729626 Category : Political Science Languages : en Pages : 209
Book Description
Now, more than ever, the world needs growth-oriented and socially inclusive policymaking. Is the world giving up on the promise of ever-greater prosperity for all, on functioning democratic institutions, and on long-term peace? Is the special set of circumstances that led to the recent rapid growth in emerging markets unlikely to be present in the future? Will the second decade of the twenty first century end with “secular stagnation”? Does the rise of authoritarianism, populism, and fanatic nihilism—all experienced over the last few years—threaten to unravel what has been built painstakingly since the catastrophe of World War II? Kemal Dervis addresses these and similar questions in this thought-provoking series of essays written for Project Syndicate from 2011 to 2015. The essays are organized in three sections: global economic interdependence, inequality and the political economy of reform, and the specific challenge of Europe. The common theme is the need for growth-oriented and socially inclusive policymaking in an interdependent world. These kinds of policies offer the potential for another wave of unprecedented human progress aided by breathtaking new technologies. However, a huge and destabilizing disruption is possible if policymaking is not globally cooperative and is not focused on inclusion and greater equity. These essays synthesize the experience and analysis of a scholar and policymaker with national, regional, and international experience at the highest levels. Dervis exhibits a passion for combining strongly held values with political feasibility.
Author: C. Fred Bergsten Publisher: Peterson Institute ISBN: 0881326623 Category : Biography & Autobiography Languages : en Pages : 248
Book Description
Over five decades, John Williamson has written across an extraordinarily broad set of topics in international economics ranging from international monetary economics to development policy. The arc of his scholarship follows the main preoccupations of international economists during the second half of the 20th century and the first decade of the 21st. Bridging the scholarly literature and policy debates, his publications on the Washington Consensus, exchange rate policy, and international monetary reform have profoundly influenced public discourse, government policy, and the evolution of the economics discipline. As John marked his 75th birthday, his friends and colleagues prepared this collection of essays to celebrate these many contributions and reflect on their relevance to the challenges that confront the world economy in the wake of the 2008 09 global financial crisis and its current aftermath in Europe.
Author: Gerald A. Epstein Publisher: Edward Elgar Publishing ISBN: 1783472642 Category : Business & Economics Languages : en Pages : 391
Book Description
The many forces that led to the economic crisis of 2008 were in fact identified, analyzed and warned against for many years before the crisis by economist Jane D�Arista, among others. Now, writing in the tradition of D�Arista's extensive work, the
Author: Brigitte Granville Publisher: Skyhorse Publishing ISBN: Category : Business & Economics Languages : en Pages : 300
Book Description
Contributors from member organizations of the Tokyo Club discuss the topics "Reflections on the Economies of Three Major Western Players," "Assessment and Responses to Financial Turmoil," "In Search of an Exchange Rate Regime," and "Managing Risks in an Integrating World Financial System." Members of the Tokyo Club include the Brookings Institution (USA), IFO-Institut Fur Wirtschaftsforschung (Germany), Institut Francais des Relations Internationales (France), The Royal Institute of International Affairs (UK), and Nomura Research Institute, Ltd. (Japan).
Author: Ian Bremmer Publisher: Penguin ISBN: 1101621966 Category : Business & Economics Languages : en Pages : 135
Book Description
From the world’s leading experts on geopolitical risk, a guide to the major global issues and policies sure to dominate headlines in the next few years. In the last four years, the world has suffered a financial market meltdown and subsequent global recession. The eurozone crisis looms, the Middle East is in turmoil, and a shifting power balance between emerging markets and developed economies is reordering the global economy as a whole. Political and economic challenges intertwine now more than ever before, as the demands of local politics and global business grow increasingly complex and begin to conflict in new ways. Facing these new challenges, what will the future hold? Ian Bremmer and Douglas Rediker, together with experts, analysts, and many of their colleagues from the World Economic Forum’s Global Agenda Council on Geopolitical Risk, analyze these global issues and provide a template to understand how they will change our world in the next few years. Focusing on the most volatile, powerful, or misunderstood developments, the authors examine, among other topics: The risks to the International Monetary Fund Russia’s future The roles of emerging markets The political roots of the eurozone crisis Important trends and tensions in Asia-Pacific The rise of regionalism in the wake of fracturing international governance Most importantly, the contributors provide guidance on how to understand some of the key dynamics in the rapidly evolving global game.
Author: David M. Andrews Publisher: Cornell University Press ISBN: 1501720627 Category : Political Science Languages : en Pages : 244
Book Description
The effective governance of global money and finance is under enormous stress. Deep changes over the last decade in capital markets, exchange rate systems, and government finances suggest dramatic shifts in the contours of monetary power, with tensions rising between the functional logic of international economics and the geographic logic of state-centered politics. Governing the World's Money assesses those tensions and the prospects for their peaceful resolution. Governing the World's Money surveys the frontiers of the global monetary system in ten original essays. Leading scholars of international relations and economics explore the evolution of the instruments available to policy officials for monetary governance. As they analyze the contemporary reordering of political authority in a market-oriented global economy, they open new pathways for the study of regional monetary integration and international institutional reform.
Author: Alexander Kouzmin Publisher: IOS Press ISBN: 9789051995046 Category : Business & Economics Languages : en Pages : 248
Book Description
The liberalization of trade and its questionable benefit; the increasing fluidity in the movement of people and trade across geo-political divides; the emergence of unregulated virtual trade and its implications on domestic economic policy; and the social implications of the new world order are all issues demanding on-going critical examination from a perspective beyond the common lens of neo-liberal economics. Such an examination is pursued in Kouzmin and Hayne edited volume Essays in Economic Globalization, Transnational Policies and Vulnerability, a collection of 13 diverse, challenging and, often, cautionary chapters contributed by an international cohort of scholars.
Author: Ranga Chand
Author: Ranga Chand
Author: Graham Bird
Author: Kemal Dervis
Author: Gerald K. Helleiner
Author: C. Fred Bergsten
Author: Gerald A. Epstein
Author: Brigitte Granville
Author: Ian Bremmer
Author: David M. Andrews
Author: Alexander Kouzmin