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Fixing global finance /

"Since 2008, when Fixing Global Finance was first published, the collapse of the housing and credit bubbles of the 2000s has crippled the world's economy. In this updated edition, Financial Times columnist Martin Wolf explains how global imbalances helped cause the financial crises now rav...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Wolf, Martin, 1946-
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Baltimore, Md. : Johns Hopkins University Press, 2010.
Edición:Expanded & updated ed.
Colección:Forum on constructive capitalism.
Temas:
Acceso en línea:Texto completo

MARC

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245 1 0 |a Fixing global finance /  |c Martin Wolf. 
250 |a Expanded & updated ed. 
260 |a Baltimore, Md. :  |b Johns Hopkins University Press,  |c 2010. 
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490 1 |a Forum on constructive capitalism 
504 |a Includes bibliographical references and index. 
505 0 |a Learning lessons -- Blessings and perils of liberal finance -- Financial crises in the era of globalization -- From crises to imbalances -- Calm before a storm -- Toward adjustment and domestic reform -- Toward global reform -- From imbalances to the subprime financial crisis. 
588 0 |a Print version record. 
520 1 |a "Since 2008, when Fixing Global Finance was first published, the collapse of the housing and credit bubbles of the 2000s has crippled the world's economy. In this updated edition, Financial Times columnist Martin Wolf explains how global imbalances helped cause the financial crises now ravaging the U.S. economy and outlines steps for ending this destructive cycle - of which this is the latest and biggest. An expanded conclusion recommends near- and long-term measures to stabilize and protect financial markets in the future." "Reviewing global financial crises since 1980, Wolf lays bare the links between the microeconomics of finance and the macroeconomics of the balance of payments, demonstrating how the subprime lending crisis in the United States fits into a pattern that includes the economic shocks of 1997, 1998, and early 1999 in Latin America, Russia, and Asia. He explains why the United States became the "borrower and spender of last resort," makes the case that this was an untenable arrangement, and argues that global economic security depends on radical reforms in the international monetary system and the ability of emerging economies to borrow sustainably domestic currencies."--Jacket. 
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