The Next Economic Disaster : Why It's Coming and How to Avoid It /

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Current debates about economic crises typically focus on the role that public debt and debt-fueled public spending play in economic growth. This illuminating and provocative work shows that it is the rapid expansion of private rather than public debt that constrains growth and sparks economic calami...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Vague, Richard (Autor)
Otros Autores: Hubbard, John (Diseñador de sobrecubierta)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Baltimore, Maryland : Project Muse, 2014
Colección:Book collections on Project MUSE.
Temas:
Mortgage loans.
Electronic books.
Acceso en línea:Texto completo

MARC

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100 1 |a Vague, Richard,  |e author. 
245 1 4 |a The Next Economic Disaster :   |b Why It's Coming and How to Avoid It /   |c Richard Vague ; jacket design by John Hubbard. 
264 1 |a Baltimore, Maryland :  |b Project Muse,  |c 2014 
264 3 |a Baltimore, Md. :  |b Project MUSE,   |c 2014 
264 4 |c ©2014 
300 |a 1 online resource (104 pages):   |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
500 |a Issued as part of book collections on Project MUSE. 
504 |a Includes bibliographical references. 
505 0 |a Preface -- Boom and crisis -- The centrality of private debt -- Tripwire : rapid private debt growth -- The long-term trend to higher debt -- Testing the thesis on all major economies -- Stages of crisis -- China and Japan -- The deleveraging challenge -- Deleveraging in the United States and Japan -- Crisis prevention and recovery -- Restoring growth -- Recommendations for China and beyond -- The long-term view -- The bigger picture : our future debt challenge -- A reform agenda -- Conclusion -- Acknowledgments -- Notes. 
506 |a Access restricted to authorized users and institutions. 
520 |a Current debates about economic crises typically focus on the role that public debt and debt-fueled public spending play in economic growth. This illuminating and provocative work shows that it is the rapid expansion of private rather than public debt that constrains growth and sparks economic calamities like the financial crisis of 2008. Relying on the findings of a team of economists, credit expert Richard Vague argues that the Great Depression of the 1930s, the economic collapse of the past decade, and many other sharp downturns around the world were all preceded by a spike in privately held debt. Vague presents an algorithm for predicting crises and argues that China may soon face disaster. Since American debt levels have not declined significantly since 2008, Vague believes that economic growth in the United States will suffer unless banks embrace a policy of debt restructuring. All informed citizens, but especially those interested in economic policy and history, will want to contend with Vague's distressing arguments and evidence. 
588 |a Description based on print version record. 
650 0 |a Mortgage loans. 
655 7 |a Electronic books.   |2 local 
700 1 |a Hubbard, John,  |e bookjacket designer. 
710 2 |a Project Muse,  |e distributor. 
776 1 8 |i Print version:  |z 9780812247046 
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830 0 |a Book collections on Project MUSE. 
856 4 0 |z Texto completo  |u https://projectmuse.uam.elogim.com/book/32980/ 
945 |a Project MUSE - Custom Collection 
945 |a Project MUSE - 2014 Political Science and Policy Studies 
945 |a Project MUSE - 2014 Complete 

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