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Wednesday, 14 May 2008
Fixing Global Finance Reviews
Author: Martin Wolf Edition: expanded and updated edition Publisher: The Johns Hopkins University Press Binding: Paperback ISBN: 0801895731 Price: You Save: 45%
Fixing Global Finance (Forum on Constructive Capitalism)
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.Fixing Global Finance review. 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 futureRead full reviews of Fixing Global Finance (Forum on Constructive Capitalism).
From Publishers Weekly In his latest, author and economics journalist Wolf (Why Globalization Works) pronounces the current, "nearly inevitable" global economic crisis the product of a "perfect storm" of global macroeconomic imbalances: the scale of net borrowing by the US and the lack of corporate demand for outside funding, exacerbated by aggressive monetary easing, consequent financial excess, and the housing bubble. Wolf's writing is hardly popular economics, requiring some work to understand and absorb, but it bridges a gap in economic understanding not yet addressed by Congressional subc
author martin wolf format hardback language english publication year 16 12 2008 subject management business economics industry subject 2 economics professional general title fixing global finance author wolf martin publisher yale university press publication date dec 28 2008 pages 224 binding hardcover dimensions 6 46 wx 9 13 hx 1 10 d isbn 0300142773 description the us is the world s most credit worthy borrower but as its external deficit exploded so did the domestic borrowing of us household
Johns Hopkins University Press 9780801895739 Fixing Global Finance (Expanded, Updat Edition) Description TDescribed by a former US Secretary of the Treasury as the worlds preeminent financial journalist, Financial Times columnist Martin Wolf explains in his new book why global imbalances cause financial crises--including the one ravaging the United States right now--and outlines the steps for ending this destructive cycle. *Author: Wolf, Martin *Series Title: Forum on Constructive Capitalism
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."
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