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.
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: Нет в наличии.
Описание: The first comprehensive overview of the waves of protest that spread across Europe in the wake of the Great Recession, examining thirty countries. It will appeal to students and scholars interested in social movements, political protest, contentious politics, and protest event analysis.
Автор: Braude Jacob, Eckstein Zvi, Fischer Stanley Название: The Great Recession: Lessons for Central Bankers ISBN: 0262018349 ISBN-13(EAN): 9780262018340 Издательство: MIT Press Цена: 5335.00 р. Наличие на складе: Нет в наличии.
Описание: An exploration of the recent financial crisis which argues that the hitherto dominant intellectual and policy paradigm of neo-liberalism has been fatally weakened and will in due course be replaced. The implications of the crisis for politico-cultural identities and our sense of ourselves as members of an ordered society are explored.
Автор: Mateo Tomй Juan Pablo Название: The Theory of Crisis and the Great Recession in Spain ISBN: 3030270866 ISBN-13(EAN): 9783030270865 Издательство: Springer Цена: 15372.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: 1.Introduction: The Political Economy of the Spanish CrisisPart I: Foundations of the Theory of Crisis in the Economic Thought2.The Materialist Conception of the Crisis3.Advancing in the Theory of Crisis: Social, Temporal and Geographical Dynamics4.Conventional Economics and the Theories of the Possibility of CrisisPart Ii: A Crisis of Capital Valorization. Profitability, Asset─Inflation and the Composition of Capital5.The Fall in Profitability Underlying the Great Recession6.Construction and the Housing Boom. Analyzing the Price─Effect From The Law of Value7.Why Does Profitability Fall? Paradoxes of Capital Composition and Labour ProductivityPart Iii: Controversies Around the Crisis: Why it Happened, What Should Be Done8.This Time It Was Also The Same: Accumulation of Imbalances and Human Failures9.Labor Market, Wages and Crisis10.Financialization and Crisis: From Low Interest Rates to a Credit Boom andOver─Indebtedness11.The Way Out Of Crises. From Diagnosis to a Programme of Economic Policy12.Conclusions
Автор: D. Wessel Название: Central Banking after the Great Recession ISBN: 0815726082 ISBN-13(EAN): 9780815726081 Издательство: Mare Nostrum (Eurospan) Рейтинг: Цена: 2218.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
The global financial crisis is largely behind us, but the challenges it poses to the future stability of the world's economic system affects everyone from American families to Main Street businesses to Wall Street financial powerhouses. It has provoked controversy over the best way to reduce the risk of a repeat of what proved to be the worst financial crisis since the Great Depression. To describe those challenges--and the lessons learned--the Hutchins Center on Fiscal and Monetary Policy at Brookings turned to frontline policymakers and some of their most prominent critics. Central Banking after the Great Recession contains the resulting research, leading off with a telling interview between Ben Bernanke, then in his final weeks as Federal Reserve chairman, and Liaquat Ahamed, author of the Pulitzer Prize-winning Lords of Finance. Insightful chapters by John Williams of the San Francisco Federal Reserve Bank, Paul Tucker of Harvard University, and Donald Kohn of Brookings discuss unconventional monetary policy, financial regulation, the impact of the crisis on the independence of the Federal Reserve. Each chapter is followed by a lively debate.
Contents
1. Introduction
2. A Conversation with Ben Bernanke
3. Monetary Policy When Rates Hit Zero: Putting Theory into Practice
4. Regulatory Reform: What'a Done? What Isn't?
5. Federal Reserve Independence after the Financial Crisis: Should We Be Worried?
Автор: Juan Pablo Mateo Tom? Название: The Theory of Crisis and the Great Recession in Spain ISBN: 3030270831 ISBN-13(EAN): 9783030270834 Издательство: Springer Рейтинг: Цена: 13974.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book has a dual purpose. First, it analyses the concept of economic crises within economic theory, showing the various theoretical foundations and controversies amongst different schools of economic thought. Second, it presents an empirical analysis of the Great Recession in Spain, addressing the growth period of 1995 to 2007-08, the subsequent depression until 2013-14 and the recovery that followed. It also shows the way in which the inner contradictions of capital manifests itself in an European peripheral economy under a real estate bubble, emphasizing the role of the Spanish economy in European capitalism.This theoretical and empirical heterodox approach will be of interest to students and scholars in political economy, and those with an interest in the Eurozone.
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.
Автор: Lawrence, Peter Название: World Recession And The Food Crisis In Africa ISBN: 0367213842 ISBN-13(EAN): 9780367213848 Издательство: Taylor&Francis Рейтинг: Цена: 17609.00 р. Наличие на складе: Поставка под заказ.
Автор: Kumkar Название: The Tea Party, Occupy Wall Street, and the Great Recession ISBN: 3319736876 ISBN-13(EAN): 9783319736877 Издательство: Springer Рейтинг: Цена: 19564.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: 1. Introduction: Protests in the Wake of the Great Recession.- 2. The Structural Crisis and the Emerging Patterns of Class Conflict.- 3. The Demographics of the Mobilized: the Core Constituency of the Protests.- 4. Theoretical and Methodological Considerations: Habitus and Habitus Reconstruction.- 5. Experiencing the Crisis: Results of the Habitus Reconstruction.- 6. Fields and Conjunctures: The Thick Opportunity Structure of the Mobilizations.- 7. The Acid Test: Reconstructing the Occupation of Urban Public Space as a Socially Determined Practice.- 8. Conclusion and Outlook.
Описание: Working Scared will help citizens, policy makers, educators, business, union, and community leaders better understand what is happening to the United States workforce. It also describes the essential national priorities and policies that will assist in restoring the American dream of secure employment and intergenerational progress.
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