Why our addiction to debt caused the global financial crisis and is the root of our financial woes
Adair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye-opening book, he sets the record straight about what really caused the crisis. It didn't happen because banks are too big to fail--our addiction to private debt is to blame.
Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth--but it drives real estate booms and busts and leads to financial crisis and depression. Turner explains why public policy needs to manage the growth and allocation of credit creation, and why debt needs to be taxed as a form of economic pollution. Banks need far more capital, real estate lending must be restricted, and we need to tackle inequality and mitigate the relentless rise of real estate prices. Turner also debunks the big myth about fiat money--the erroneous notion that printing money will lead to harmful inflation. To escape the mess created by past policy errors, we sometimes need to monetize government debt and finance fiscal deficits with central-bank money.
Between Debt and the Devil shows why we need to reject the assumptions that private credit is essential to growth and fiat money is inevitably dangerous. Each has its advantages, and each creates risks that public policy must consciously balance.
Название: Cultural history of money and credit ISBN: 1498505929 ISBN-13(EAN): 9781498505925 Издательство: Неизвестно Рейтинг: Цена: 26209.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: In the wake of the financial crisis in 2008, historians have turned with renewed urgency to understanding the economic dimension of historical change. In this collection, nine scholars present original research into the historical development of money and credit during the nineteenth and twentieth centuries and explore the social and cultural significance of financial phenomena from a global perspective. Together with an introduction by the editors, chapters emphasize themes of creditworthiness and access to credit, the role of the state in the loan market, modernization, colonialism, and global connections between markets. The first section of the volume, "Creditworthiness and Credit Risks," examines microfinancial markets in South India and Sri Lanka, Brazil, and the United States, in which access to credit depended largely on reputation, while larger investors showed a strong interest in policing economic behavior and encouraging thrift among market participants. The second section, "The Loan Market and the State," concerns attempts by national governments to regulate the lending activities of merchants and banks for social ends, from the liberal regime of nineteenth-century Switzerland to the far more statist policies of post-revolutionary Mexico, and U.S. legislation that strove to eliminate discrimination in lending. The third section, "Money, Commercial Exchange, and Global Connections," focuses on colonial and semicolonial societies in the Philippines, China, and Zimbabwe, where currency reform and the development of organized financial markets engendered conflict over competing models of economic development, often pitting the colony against the metropole. This volume offers a cultural history by considering money and credit as social relations, and explores how such relations were constructed and articulated by contemporaries. Chapters employ a variety of methodologies, including analyses of popular literature and the viewpoints of experts and professionals, investigations of policy measures and emerging social practices, and interpretations of quantitative data.
Автор: Alain Barrere Название: Money, Credit and Prices in Keynesian Perspective ISBN: 0333422104 ISBN-13(EAN): 9780333422106 Издательство: Springer Рейтинг: Цена: 20962.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Papers collected here, first given at an international conference in Paris, examine the monetary aspects of the keynesian theory. They examine recent developments and controversies on such topics as savings, investment, financial capital, interest rates, indebtedness and the theory of prices.
Автор: Belton Padraig Название: Ludwig von Mises`s The Theory of Money and Credit ISBN: 1912284723 ISBN-13(EAN): 9781912284726 Издательство: Taylor&Francis Рейтинг: Цена: 995.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: In this book, the author`s familiarity with the historical literature on banking and credit allows him to present a coherent theoretical structure that links private exchange between individuals, business and banks to condition the markets affecting money and credit.
Автор: Von Mises Ludwig Название: The Theory of Money and Credit ISBN: 1607964341 ISBN-13(EAN): 9781607964346 Издательство: Неизвестно Цена: 2068.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Автор: Dalziel, Paul Название: Money, Credit and Price Stability ISBN: 1138010111 ISBN-13(EAN): 9781138010116 Издательство: Taylor&Francis Рейтинг: Цена: 3520.00 р. Наличие на складе: Нет в наличии.
Автор: Harrison, David Название: Price and Financial Stability ISBN: 0367590654 ISBN-13(EAN): 9780367590659 Издательство: Taylor&Francis Рейтинг: Цена: 6736.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Автор: Barbaroux Название: Monetary Policy Rule in Theory and Practice ISBN: 0415501806 ISBN-13(EAN): 9780415501804 Издательство: Taylor&Francis Рейтинг: Цена: 22968.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This volume sheds new light on current monetary issues, in particular the debate on monetary policy making, by blending theoretical economic analysis, history of economics, and historical case studies.
Автор: Barbaroux Название: Monetary Policy Rule in Theory and Practice ISBN: 1138901857 ISBN-13(EAN): 9781138901858 Издательство: Taylor&Francis Рейтинг: Цена: 8573.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This volume sheds new light on current monetary issues, in particular the debate on monetary policy making, by blending theoretical economic analysis, history of economics, and historical case studies.
Автор: Nombulelo Gumata; Eliphas Ndou Название: Labour Market and Fiscal Policy Adjustments to Shocks ISBN: 3319665197 ISBN-13(EAN): 9783319665191 Издательство: Springer Рейтинг: Цена: 19564.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book focuses on the implications of the South African labour market dynamics including labour market reforms and fiscal policy for monetary policy and financial stability.
Автор: Frederick Betz Название: Stability in International Finance ISBN: 3319267582 ISBN-13(EAN): 9783319267586 Издательство: Springer Рейтинг: Цена: 6986.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book aims to explore stability in an international financial system using disequilibrium theory. While globalization and technology have made international finance more powerful and important to knowledge economies, they have also increased the volatility, instability, and fraudulent use of international finance.
Автор: Labonte, Marc Makinen, Gail E. Название: Monetary policy & price stability ISBN: 1594548900 ISBN-13(EAN): 9781594548901 Издательство: Nova Science Рейтинг: Цена: 10611.00 р. Наличие на складе: Невозможна поставка.
Описание: A book about monetary policy that can be defined broadly as any policy relating to the supply of money. It looks at five economies that have adopted a price stability goal: New Zealand , Canada, the United Kingdom, Sweden, and the Euro area. It concludes with a brief analysis of the record of inflation targeting in the developing world.
ООО "Логосфера " Тел:+7(495) 980-12-10 www.logobook.ru
