Fixing Global Finance - Brossura

Wolf, Martin

Brossura

ISBN 10: 0801895731 ISBN 13: 9780801895739

Casa editrice: Johns Hopkins Univ Pr, 2010

Riassunto

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 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."

Su questo libro

L'autore:

Martin Wolf is the associate editor and chief economics commentator forFinancial Times and a professor of economics at the University of Nottingham. He is the author of several books, most recentlyWhy Globalization Works, and he was named to Foreign Policy and Prospect magazines' "Top 100 Public Intellectuals" list.

Product Description:

TDescribed by a former U.S. Secretary of the Treasury as the world's preeminent financial journalist, "Financial Times" columnist Martin Wolf explains in his new book why global imbalances cause financial crises--including the one ravaging the United States right now--and outlines the steps for ending this destructive cycle.

Su questa edizione

• Editore: Johns Hopkins Univ Pr
• Data di pubblicazione: 2010
• ISBN 10: 0801895731
• ISBN 13: 9780801895739
• Rilegatura: Copertina flessibile
• Numero di pagine: 250