Fixing Global Finance (Forum on Constructive Capitalism) - Softcover

Wolf, Martin

Softcover

ISBN 10: 0801895731 ISBN 13: 9780801895739

Verlag: Johns Hopkins University Press, 2010

Inhaltsangabe

Book by Wolf Martin

Über diesen Titel

Críticas:

"If Mr. Wolf were to rewrite his book... he would no doubt shift his emphasis. But his first run at the subject... holdes up remarkably well despite all that has happened." -- Economist

Reseña del editor:

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."

Praise for the first edition

"Wolf's analysis fills in a lot of blanks for those seeking to understand the new U.S. recession in a global context." -- Publishers Weekly

"This is an ambitious book by one of the most respected financial journalists of our time... He does a terrific job, taking us through the plethora of theories that were put out to explain the imbalances, debunking the more popular but flaky ones with gusto." -- Financial Times

"Get the book and expand your understanding of precisely what has brought the United States to its current flirtation with disaster." -- The Desk

"An extremely helpful guide to the origins of today's problems and to possible solutions." -- Foreign Affairs

"The only inkling of hope is that policy makers everywhere have been so shaken by events that they will heed what Wolf advises. This book is a great and important contribution to everyone's welfare on the globe. It can be paid no higher accolade." -- Guardian

"Fixing Global Finance marks a turning point in his worldview... offers important pointers to the way ahead." -- New York Review of Books

Über diese Auflage

• Verlag: Johns Hopkins University Press
• Erscheinungsdatum: 2010
• ISBN 10: 0801895731
• ISBN 13: 9780801895739
• Einband: Tapa blanda
• Anzahl der Seiten: 272