Author : Jacob Braude
Publisher : MIT Press
Page : 393 pages
File Size : 18,54 MB
Release : 2013
Category : Business & Economics
ISBN : 0262018349
Here, experts assess the role of central banks in responding to the recent financial crisis and in preventing future crises. The contributors focus on monetary policy, the new area of macroprudential policy, and issues of exchange rates, capital flows, and banking and financial markets.
Author : Eskander Alvi
Publisher : W.E. Upjohn Institute
Page : 152 pages
File Size : 46,90 MB
Release : 2017-11-20
Category : Political Science
ISBN : 0880996366
This book presents a notable group of macroeconomists who describe the unprecedented events and often extraordinary policies put in place to limit the economic damage suffered during the Great Recession and then to put the economy back on track. Contributers include Barry Eichengreen; Gary Burtless; Donald Kohn; Laurence Ball, J. Bradford DeLong, and Lawrence H. Summers; and Kathryn M.E. Dominguez.
Author : Richard C. Koo
Publisher : John Wiley & Sons
Page : 373 pages
File Size : 34,3 MB
Release : 2011-11-21
Category : Business & Economics
ISBN : 1118179188
The revised edition of this highly acclaimed work presents crucial lessons from Japan's recession that could aid the US and other economies as they struggle to recover from the current financial crisis. This book is about Japan's 15-year long recession and how it affected current theoretical thinking about its causes and cures. It has a detailed explanation on what happened to Japan, but the discoveries made are so far-reaching that a large portion of economics literature will have to be modified to accommodate another half to the macroeconomic spectrum of possibilities that conventional theorists have overlooked. The author developed the idea of yin and yang business cycles where the conventional world of profit maximization is the yang and the world of balance sheet recession, where companies are minimizing debt, is the yin. Once so divided, many varied theories developed in macro economics since the 1930s can be nicely categorized into a single comprehensive theory- The Holy Grail of Macro Economics
Author : Ben S. Bernanke
Publisher : Penguin
Page : 242 pages
File Size : 30,35 MB
Release : 2019-04-16
Category : Business & Economics
ISBN : 0143134485
"Should be required reading for all policy makers.” —Warren Buffett From the three primary architects of the American policy response to the worst economic catastrophe since the Great Depression, a magnificent big-picture synthesis--from why it happened to where we are now. In 2018, Ben Bernanke, Tim Geithner, and Hank Paulson came together to reflect on the lessons of the 2008 financial crisis ten years on. Recognizing that, as Ben put it, "the enemy is forgetting," they examine the causes of the crisis, why it was so damaging, and what it ultimately took to prevent a second Great Depression. And they provide to their successors in the United States and the finance ministers and central bank governors of other countries a valuable playbook for reducing the damage from future financial crises. Firefighting provides a candid and powerful account of the choices they and their teams made during the crisis, working under two presidents and with the leaders of Congress.
Author : Mustapha K. Nabli
Publisher : World Bank Publications
Page : 666 pages
File Size : 15,8 MB
Release : 2010-12-03
Category : Business & Economics
ISBN : 0821385143
The book provides one of the most detailed and comprehensive reviews of the growth experience of a group of low and middle income countries before and during the global crisis. It then explores their growth prospects after the recovery and how they may be shaped by the new global economic environment.
Author : Mathias Dewatripont
Publisher : Princeton University Press
Page : 148 pages
File Size : 43,72 MB
Release : 2015-09-22
Category : Business & Economics
ISBN : 0691168199
The financial crisis that began in 2007 in the US swept the world, producing substantial bank failures and forcing unprecedented state aid for the crippled global financial system. This book draws critical lessons from the causes of the crisis and proposes important regulatory reforms.
Author : Peter Temin
Publisher : MIT Press
Page : 220 pages
File Size : 42,80 MB
Release : 1991-10-08
Category : Business & Economics
ISBN : 9780262261197
Lessons from the Great Depression provides an integrated view of the depression, covering the experience in Britain, France, Germany, and the United States. Do events of the 1930s carry a message for the 1990s? Lessons from the Great Depression provides an integrated view of the depression, covering the experience in Britain, France, Germany, and the United States. It describes the causes of the depression, why it was so widespread and prolonged, and what brought about eventual recovery. Peter Temin also finds parallels in recent history, in the relentless deflationary course followed by the U.S. Federal Reserve Board and the British government in the early 1980s, and in the dogged adherence by the Reagan administration to policies generated by a discredited economic theory—supply-side economics.
Author : Barry J. Eichengreen
Publisher : Oxford University Press, USA
Page : 521 pages
File Size : 22,71 MB
Release : 2015
Category : Business & Economics
ISBN : 0199392005
"A brilliantly conceived dual-track account of the two greatest economic crises of the last century and their consequences"--
Author : M. Ayhan Kose
Publisher : World Bank Publications
Page : 475 pages
File Size : 12,15 MB
Release : 2021-03-19
Category : Business & Economics
ISBN : 1464815283
This year marks the tenth anniversary of the 2009 global recession. Most emerging market and developing economies weathered the global recession relatively well, in part by using the sizable fiscal and monetary policy ammunition accumulated during prior years of strong growth. However, their growth prospects have weakened since then, and many now have less policy space. This study provides the first comprehensive stocktaking of the past decade from the perspective of emerging market and developing economies. Many of these economies have now become more vulnerable to economic shocks. The study discusses lessons from the global recession and policy options for these economies to strengthen growth and prepare for the possibility of another global downturn.
Author : Robert L. Hetzel
Publisher : Cambridge University Press
Page : 401 pages
File Size : 36,62 MB
Release : 2012-04-16
Category : Business & Economics
ISBN : 1107378710
Since publication of Hetzel's The Monetary Policy of the Federal Reserve (Cambridge University Press, 2008), the intellectual consensus that had characterized macroeconomics has disappeared. That consensus emphasized efficient markets, rational expectations and the efficacy of the price system in assuring macroeconomic stability. The 2008–9 recession not only destroyed the professional consensus about the kinds of models required to understand cyclical fluctuations but also revived the credit-cycle or asset-bubble explanations of recession that dominated thinking in the nineteenth century and the first half of the twentieth century. These 'market-disorder' views emphasize excessive risk taking in financial markets and the need for government regulation. The present book argues for the alternative 'monetary-disorder' view of recessions. A review of cyclical instability over the last two centuries places the 2008–9 recession in the monetary-disorder tradition, which focuses on the monetary instability created by central banks rather than on a boom-bust cycle in financial markets.
