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

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:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • 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.