An assessment of the global impact o...
Arestis, Philip, (1941-)

 

  • An assessment of the global impact of the financial crisis[electronic resource] /
  • 紀錄類型: 書目-語言資料,印刷品 : Monograph/item
    杜威分類號: 330.9/0511
    書名/作者: An assessment of the global impact of the financial crisis/ edited by Philip Arestis, Rog�aerio Sobreira and Jos�ae Luis Oreiro.
    其他作者: Arestis, Philip,
    出版者: Basingstoke : : Palgrave Macmillan,, 2011.
    面頁冊數: 1 online resource (xvi, 270 p.) : : ill.
    標題: Global Financial Crisis, 2008-2009.
    標題: Financial crises.
    標題: Economic history - 21st century.
    標題: Globalization - Economic aspects.
    標題: BUSINESS & ECONOMICS - Economic History.
    ISBN: 9780230306912 (electronic bk.)
    ISBN: 0230306918 (electronic bk.)
    ISBN: 9780230303942 (e-book)
    ISBN: 0230303943 (e-book)
    書目註: Includes bibliographical references and index.
    內容註: Introduction -- Current Crisis in the US and Economic Policy Implications -- The Global Economic and Financial Crisis: Which way Forward? -- Crises and the Bretton Woods Institutions and the Crises of the Bretton Woods Institutions -- Crisis in the Euro-Zone -- The Impact of the Current Crisis on Emerging Market and Developing Countries -- Crisis in Western and Eastern EU: Does Policy Reaction Address its Origins? -- The Impact of the Sub-Prime Financial Crisis on the Transition and Central Asian Economies: Causes and Consequences -- World Financial Crisis and Implications on China -- The 2008 Financial Crisis and Banking Regulation in Brazil -- Exchange-Rate Derivatives, Financial Fragility and Monetary Policy in Brazil during the World Financial Crisis.
    摘要、提要註: The 2008 financial crisis hit the heart of capitalism, but the effects were much weaker in the 'periphery' of the capitalist system than in its center. This book provides a solution to this paradox. The analysis presented here shows that current account surpluses and accumulation of foreign reserves are important for developing countries because they allow them to conduct anti-cyclical policies in the face of a financial crisis in developed countries. Stabilization of output is important for robust growth in the long term due to its effects over capitalist animal spirits. Developed countries should never pursue a growth strategy based merely on accumulation of 'foreign savings'. This book presents an extensive and in-depth analysis of the crisis as it influenced both developed and developing countries. It is shown that the impact of this crisis is far from being homogenous across the developed and developing world. The most intriguing aspect of it is the fact that it affected less those economies responsible for the generation of the 'global savings glut', and more those economies that are more dependent on foreign capital inflows. In this aspect, the book also addresses the question of why this crisis has been rather limited in magnitude and of such relatively short duration. It is also shown that financial liberalization�alone cannot fully explain the crisis. It is necessary to take a good look on the size of the financial sector all over the world and the redistributive impact related to it. Thus, one of the main lessons that can be learned by this volume is a profound need to implement policies that can guarantee financial stability. This book is essential reading for all interested in economic growth, macroeconomics, and development economics.
    電子資源: An electronic book accessible through the World Wide Web; click for information
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