Share

Preventing the Next Financial Crisis

2021-04-21 Business & Economics
Download Preventing the Next Financial Crisis PDF Online Free

Author :
Release : 2021-04-21
Genre : Business & Economics
Kind : eBook
Book Rating : 250/5 ( reviews)

GET EBOOK


Book Synopsis Preventing the Next Financial Crisis by : Victor A. Beker

Download or read book Preventing the Next Financial Crisis written by Victor A. Beker. This book was released on 2021-04-21. Available in PDF, EPUB and Kindle. Book excerpt: The collapse of Lehman Brothers, the oldest and fourth-largest US investment bank, in September 2008 precipitated the global financial crisis. This deepened the contraction in economic activity that had already started in December 2007 and has become known as the Great Recession. Following a sluggish and uneven period of recovery, levels of private debt have recently been on the rise again making another financial crisis almost inevitable. This book answers the key question: can anything be done to prevent a new financial crisis or minimize its impact? The book opens with an analysis of the main elements responsible for the 2007/2009 financial crisis and assesses the extent to which they are still present in today ́s financial system. The responses to the financial crises - particularly the Dodd-Frank Act, the establishment of the Financial Stability Board, and attempts to regulate shadow banking – are evaluated for their effectiveness. It is found that there is a high risk of a new bubble developing, there remains a lack of transparency in the financial industry, and risk-taking continues to be incentivised among bankers and investors. Proposals are put forward to ameliorate the risks, arguing for the need for an international lender of last resort, recalling Keynes’ idea for an International Clearing Union. This book will be of significant interest to scholars and students of financial crises, financial stability, and alternative approaches to finance and economics.

Preventing the Next Financial Crisis

2016-04-05 Business & Economics
Download Preventing the Next Financial Crisis PDF Online Free

Author :
Release : 2016-04-05
Genre : Business & Economics
Kind : eBook
Book Rating : 891/5 ( reviews)

GET EBOOK


Book Synopsis Preventing the Next Financial Crisis by : Erlend Nier

Download or read book Preventing the Next Financial Crisis written by Erlend Nier. This book was released on 2016-04-05. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis that began in 2007 brought much of the global economy to its knees and nearly triggered another Great Depression. The financial storm gradually died down in 2009, at least in the United States, but even six years after that, much of the world had yet to fully recover from the enormous economic damage caused by the crisis.This essay describes what happened and outlines a new approach to financial regulation (macroprudential policy) that aims to prevent such crises from happening again.

Preventing the Next Financial Crisis

2023-01-09 Economic policy
Download Preventing the Next Financial Crisis PDF Online Free

Author :
Release : 2023-01-09
Genre : Economic policy
Kind : eBook
Book Rating : 424/5 ( reviews)

GET EBOOK


Book Synopsis Preventing the Next Financial Crisis by : Víctor A. Beker

Download or read book Preventing the Next Financial Crisis written by Víctor A. Beker. This book was released on 2023-01-09. Available in PDF, EPUB and Kindle. Book excerpt: This book answers the question: can anything be done to prevent a new financial crisis or minimize its impact? It analyses the main elements responsible for the 2007/2009 financial crisis and assesses the extent to which they are still present today, and finds that there is a high risk of a new bubble developing.

The Next Economic Disaster

2014-07-09 Political Science
Download The Next Economic Disaster PDF Online Free

Author :
Release : 2014-07-09
Genre : Political Science
Kind : eBook
Book Rating : 107/5 ( reviews)

GET EBOOK


Book Synopsis The Next Economic Disaster by : Richard Vague

Download or read book The Next Economic Disaster written by Richard Vague. This book was released on 2014-07-09. Available in PDF, EPUB and Kindle. Book excerpt: Current debates about economic crises typically focus on the role that public debt and debt-fueled public spending play in economic growth. This illuminating and provocative work shows that it is the rapid expansion of private rather than public debt that constrains growth and sparks economic calamities like the financial crisis of 2008. Relying on the findings of a team of economists, credit expert Richard Vague argues that the Great Depression of the 1930s, the economic collapse of the past decade, and many other sharp downturns around the world were all preceded by a spike in privately held debt. Vague presents an algorithm for predicting crises and argues that China may soon face disaster. Since American debt levels have not declined significantly since 2008, Vague believes that economic growth in the United States will suffer unless banks embrace a policy of debt restructuring. All informed citizens, but especially those interested in economic policy and history, will want to contend with Vague's distressing arguments and evidence.

Can We Avoid Another Financial Crisis?

2017-05-09 Political Science
Download Can We Avoid Another Financial Crisis? PDF Online Free

Author :
Release : 2017-05-09
Genre : Political Science
Kind : eBook
Book Rating : 760/5 ( reviews)

GET EBOOK


Book Synopsis Can We Avoid Another Financial Crisis? by : Steve Keen

Download or read book Can We Avoid Another Financial Crisis? written by Steve Keen. This book was released on 2017-05-09. Available in PDF, EPUB and Kindle. Book excerpt: The Great Financial Crash had cataclysmic effects on the global economy, and took conventional economists completely by surprise. Many leading commentators declared shortly before the crisis that the magical recipe for eternal stability had been found. Less than a year later, the biggest economic crisis since the Great Depression erupted. In this explosive book, Steve Keen, one of the very few economists who anticipated the crash, shows why the self-declared experts were wrong and how ever–rising levels of private debt make another financial crisis almost inevitable unless politicians tackle the real dynamics causing financial instability. He also identifies the economies that have become 'The Walking Dead of Debt', and those that are next in line – including Australia, Belgium, China, Canada and South Korea. A major intervention by a fearlessly iconoclastic figure, this book is essential reading for anyone who wants to understand the true nature of the global economic system.

You may also like...