The Financial Crisis

Origins and Implications

Business & Finance, Economics, Macroeconomics, Finance & Investing, Finance
Cover of the book The Financial Crisis by , Palgrave Macmillan UK
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9780230303942
Publisher: Palgrave Macmillan UK Publication: November 24, 2010
Imprint: Palgrave Macmillan Language: English
Author:
ISBN: 9780230303942
Publisher: Palgrave Macmillan UK
Publication: November 24, 2010
Imprint: Palgrave Macmillan
Language: English

The 2008 financial crisis poses three fundamental questions for economists and policy makers; understanding the origins of the crisis, understanding the consequences of this crisis for the world economy, and finally understanding why the 2008 financial crisis is not as serious as the 1929 crisis. The prevailing view is that the 2008 financial crisis was solely the result of inadequate financial regulation together with a very loose monetary policy conducted by central banks, especially the Fed. It is believed that this crisis is a temporary detour in the normal course of the events, so that in the near future capitalist economies will resume the high growth path observed before the crisis. In terms of the third question, there is a widespread view that the fundamental reason that explains the avoidance of the harmful experiences of 1929 was the fiscal and monetary policy expansions in developed countries. No important role is assigned to developing countries in terms of the effects of the financial crisis. This book challenges the prevailing orthodoxy surrounding the origins and the consequences of the 2008 financial crisis. The book demonstrates that measures in addition to a profound change in the financial regulation are required if a new financial crisis is to be avoided in the future, measures include: a change in the conduct of economic policy; a reform of the national and international monetary systems; and a radical change in the pattern of income distribution. This book is essential reading for all interested in macroeconomics, monetary policy, development economics and the global impact of the financial crisis.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The 2008 financial crisis poses three fundamental questions for economists and policy makers; understanding the origins of the crisis, understanding the consequences of this crisis for the world economy, and finally understanding why the 2008 financial crisis is not as serious as the 1929 crisis. The prevailing view is that the 2008 financial crisis was solely the result of inadequate financial regulation together with a very loose monetary policy conducted by central banks, especially the Fed. It is believed that this crisis is a temporary detour in the normal course of the events, so that in the near future capitalist economies will resume the high growth path observed before the crisis. In terms of the third question, there is a widespread view that the fundamental reason that explains the avoidance of the harmful experiences of 1929 was the fiscal and monetary policy expansions in developed countries. No important role is assigned to developing countries in terms of the effects of the financial crisis. This book challenges the prevailing orthodoxy surrounding the origins and the consequences of the 2008 financial crisis. The book demonstrates that measures in addition to a profound change in the financial regulation are required if a new financial crisis is to be avoided in the future, measures include: a change in the conduct of economic policy; a reform of the national and international monetary systems; and a radical change in the pattern of income distribution. This book is essential reading for all interested in macroeconomics, monetary policy, development economics and the global impact of the financial crisis.

More books from Palgrave Macmillan UK

Cover of the book Tracing War in British Enlightenment and Romantic Culture by
Cover of the book Genocide and its Threat to Contemporary International Order by
Cover of the book European Cinema and Intertextuality by
Cover of the book Scientific Approaches to the Philosophy of Religion by
Cover of the book Agent-based Models of the Economy by
Cover of the book Climate Terror by
Cover of the book Shakespeare and Conflict by
Cover of the book Cosmopolitanism in Conflict by
Cover of the book Virginia Woolf’s Influential Forebears by
Cover of the book British Women Film Directors in the New Millennium by
Cover of the book The Shakespeare First Folios by
Cover of the book The Economics of the Frontier by
Cover of the book Cameron’s Conservatives and the Internet by
Cover of the book Green Innovation and Future Technology by
Cover of the book Optimization Methods for Gas and Power Markets by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy