Sovereign debt crises are a little like the weather: One can get ready to endure them and maybe take some steps to lessen their impact, but so far it hasn't been possible to prevent them. Like the weather, they just keep happening. That's the overriding thesis of this book tracing the major debt crises of the past century, starting with the Great Depression and running through the recent Great Recession.
Written by a former World Bank expert on debt crises, this book discusses best practices for how such crises can be resolved. As the painful experience of the past decade reminded everyone, frequent debt crises and defaults do great damage to economies and cause vast personal hardship. But resolving them has proven difficult--both economically and politically--and has taken time, almost always requiring a lender of last resort such as a country's central bank or the International Monetary Fund.
Too often, efforts to end debt crises have been little more than a palliative, and the debt overhang from one crisis contributes to the next, as illustrated by the ongoing saga in Greece. Both private and sovereign debts have increased substantially since the 2008 crisis, with inadequate deleveraging. This debt overhang leaves countries vulnerable and with limited maneuverability to address the next crisis.
This book does not pretend to describe how debt crises can be prevented. But it does draw useful lessons from recent crises that can help economists, bankers, policymakers, and others resolve the inevitable future crises with the least possible damage.
Описание: In Mass Politics in Tough Times, the eminent political scientists Larry Bartels and Nancy Bermeo have gathered a group of leading scholars to analyze the political responses to the Great Recession in the US, Western Europe, and East-Central Europe.
Автор: Miles David, Panizza Ugo, Reis Ricardo Название: And Yet It Moves: Inflation and the Great Recession ISBN: 1912179059 ISBN-13(EAN): 9781912179053 Издательство: Mare Nostrum (Eurospan) Рейтинг: Цена: 4765.00 р. Наличие на складе: Поставка под заказ.
Описание: The recent financial crisis had a profound effect on both public and private universities. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses and how the incentives and constraints facing different institutions affected their behavior.
Описание: This generation`s economic crisis has truly global reach, with repercussions reverberating throughout nations and across societies. Prabhakar investigates the world-wide depression, using empirical understanding and new data sets on indicator and policy variables.
Автор: Arestis Philip Название: Financial Stability in the Aftermath of the `Great Recession ISBN: 1137333952 ISBN-13(EAN): 9781137333957 Издательство: Springer Рейтинг: Цена: 16769.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The financial crisis and the ensued `great recession` are primarily caused by the excessive liquidity that was created in the last thirty years or so of inequality that benefited greatly the financial sector, deregulation and financial liberalisation as well as financial innovation.
Автор: Cynamon Название: After the Great Recession ISBN: 1107015898 ISBN-13(EAN): 9781107015890 Издательство: Cambridge Academ Рейтинг: Цена: 27358.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: The severity of the Great Recession and the subsequent stagnation caught many economists by surprise. But a group of Keynesian scholars warned for some years that strong forces were leading the US toward a deep, persistent downturn. This book collects essays about these events from prominent macroeconomists who developed a perspective that predicted the broad outline and many specific aspects of the crisis. From this point of view, the recovery of employment and revival of strong growth requires more than short-term monetary easing and temporary fiscal stimulus. Economists and policy makers need to explore how the process of demand formation failed after 2007 and where demand will come from going forward. Successive chapters address the sources and dynamics of demand, the distribution and growth of wages, the structure of finance and challenges from globalization, and inform recommendations for monetary and fiscal policies to achieve a more efficient and equitable society.
Описание: The book uses new survey data on the lives of Europeans to investigate the likely long term impact of the great recession on individual earnings, standards of living, and health.
Автор: Cynamon Название: After the Great Recession ISBN: 1107436753 ISBN-13(EAN): 9781107436756 Издательство: Cambridge Academ Рейтинг: Цена: 7286.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book collects essays about the US Recession of 2007-9 and the subsequent stagnation from scholars who predicted many aspects of the crisis. It argues that the policy challenges require an understanding of how residential construction and consumer spending growth failed and where new spending growth can come from.
Автор: Martin Kahanec; Klaus F. Zimmermann Название: Labor Migration, EU Enlargement, and the Great Recession ISBN: 3662453193 ISBN-13(EAN): 9783662453193 Издательство: Springer Рейтинг: Цена: 18167.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This volume extends and deepens our knowledge about cross-border mobility and its role in an enlarged EU. The authors also evaluate brain circulation as a sought-after vehicle of improved allocative efficiency of EU labor markets and propose a policy agenda for mobility in an enlarged EU.
Название: Young people`s development and the great recession ISBN: 1107172977 ISBN-13(EAN): 9781107172975 Издательство: Cambridge Academ Рейтинг: Цена: 19800.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This timely volume advances the discussion of recession effects on young people`s lives by providing a better understanding of their dynamic and contextualized impact across multiple domains of youth adjustment. With a robust evidence base and cross-country comparisons, it will be relevant to social scientists and policy makers alike.
Название: Cycles, Growth and the Great Recession ISBN: 0415748194 ISBN-13(EAN): 9780415748193 Издательство: Taylor&Francis Рейтинг: Цена: 22202.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
Cycles, Growth and the Great Recession is a collection of papers that assess the nature and role of the business cycle in contemporary economies. These assessments are made in the context of the financial market instability that distinguishes the Great Recession from previous post-war slowdowns. Theorists and applied scholars in the fields of economics and mathematical economics discuss various approaches to understanding cycles and growth, and present mathematical and applied macro models to show how uncertainty shapes cycles by affecting the economic agent choice. Also included is an empirical section that investigates how the Great Recession affected households' housing wealth, labour productivity and migration decisions.
This book aims to:
Propose a novel understanding of the business cycle by comparing the approaches of various scholars, starting from Hyman Minsky and Piero Ferri.
Show that uncertainty is a main feature of the business cycle that affects decision-making and economic behaviour in general.
Explain with mathematical models how the behaviour of economic agents can lead to cyclical paths for modern developed economies.
Augment theory with empirical analysis of some central issues related to the Great Recession.
This book comprises an original view of such widely discussed subjects as business cycles, uncertainty, economic growth and the Great Recession, constructed around theory, models and applications.
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