Buch, Englisch, 272 Seiten, Format (B × H): 151 mm x 226 mm, Gewicht: 377 g
Buch, Englisch, 272 Seiten, Format (B × H): 151 mm x 226 mm, Gewicht: 377 g
Reihe: Forum on Constructive Capitali
ISBN: 978-0-8018-9573-9
Verlag: Johns Hopkins University Press
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 in domestic currencies.
Sharply and clearly argued, Wolf’s prescription for fixing global finance illustrates why he has been described as "the world's preeminent financial journalist."
Autoren/Hrsg.
Fachgebiete
- Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geldwirtschaft, Währungspolitik
- Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
- Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
- Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Wirtschaftliche Globalisierung
Weitere Infos & Material
Series Editor's Foreword
Preface
1. Learning Lessons
2. Blessings and Perils of Liberal Finance
3. Financial Crises in the Era of Globalization
4. From Crises to Imbalances
5. From Crises to Imbalances
6. Toward Adjustment and Domestic Reform
7. Toward Global Reform
8. From Imbalances to the Subprime Financial Crisis
Notes
References
Index