| Vorliegende Sprache |
eng |
| Hinweise auf parallele Ausgaben |
401273911 Erscheint auch als (Druck-Ausgabe): ‡Nayak, Satyendra S., 1949 - : ¬The¬ global financial crisis |
| ISBN |
978-81-322-0797-9 |
| Name |
Nayak, Satyendra |
| T I T E L |
¬The¬ Global Financial Crisis |
| Zusatz zum Titel |
Genesis, Policy Response and Road Ahead |
| Verlagsort |
India |
| Verlag |
Springer |
| Erscheinungsjahr |
2013 |
| 2013 |
| Umfang |
Online-Ressource (XII, 302 p. 33 illus, digital) |
| Reihe |
SpringerLink. Bücher |
| Notiz / Fußnoten |
Description based upon print version of record |
| Weiterer Inhalt |
The Global Financial Crisis; Preface; Contents; Part I: The Crisis: Micro-Macro Perspective; Chapter 1: Pathology of the Crisis; The Crisis: Then and Now; US Economy Revives and Skips Depression: Thanks to Keynesian Wisdom; American Economic Boom of 1990s: An Overview; Lower Inflation and Higher Unemployment Thresholds: 2-3-4% Economy; Genesis of Real Estate Boom; Housing and Real Estate: Driver of Economic Growth; Government Initiatives in Housing; Housing and Real Estate Boom: 2002-2007; Role of Debt Securitization in Housing Sales; Favorable Trend in Fed Funds Rate. Keynes Effect (Wealth Effect) and Real Balance EffectWealth Effect, Consumption, and Investment, 1990-2008; Lessons from Theories of Growth and Business Cycles; References; Chapter 2: Subprime Debt Imbroglio: Risks-Rewards of Financial Sophistication; The Backdrop and Genesis of Securitization; Financial Innovation: Mortgage Debt Securitization; Subprime Adjustable Rate Mortgage: Promoting Home Ownership; Pillars of Subprime Debt Securitization; Housing Collapse: The Crisis Trigger; Credit Derivatives and Credit Default Swaps; Indexed Credit Default Swaps (CDS). Flaws in Risk Management and Collapse of Risk TradingAccounting Fallacy That Triggered the Crisis: Mark-to-Market Versus Fair Valuation Accounting; Interest Rate Shock: Tipping Point for the Crisis; The Niagara Effect; Economic Crisis Causation; Dot-Com Bust Versus Subprime Crisis; What Went Wrong?; Could the Crisis Be Averted?; References; Chapter 3: Policy Response; Economic Wisdom and Political Vision; Quick Policy Response; Economic Policy Measures; Macroeconomic Policy Action; How Did the Fed Do It?; Operation Bailout; Fiscal Stimulus Packages; American Recovery and Reinvestment Act. Troubled Assets Recovery Plan (TARP)Micromanagement: Tackling Corporate and Banking Failures; Specter of Protectionism; Falling Oil Prices: Great Stimulus; G-20 Agenda: Quick Stimulus and More Effective Regulation; Financial Reform (Dodd-Frank) Act and the Volcker Rule; Quantitative Easing 2 (QE 2); Central Banks and Financial Regulators: Countervailing Force Against Market Abnormality; Keynes on Slump and Management of Economic Cycles; Metaphysics of Money and Markets; Keynesianism, Friedman's Monetarism, and Turns in Monetary Policy. Some Fallacies on Interest Rate Policy: Zero Interest Rates, Money Traps, and Interest Rate IllusionInterest Rate Illusion; Zero Interest Rate Policy; Reference; Chapter 4: Why Is the Economy Not Taking-Off?; Monetary Mechanics; Sluggish Investment; Infrastructure: The Growth Driver; Chapter 5: Eurosclerosis: Causation and Control: Euro and Eurozone Management: Lessons from Greek Tragedy; Strong Euro and Worsening BoP; Currency Stability as a Deterrent for Fiscal Profligacy; Dilemma of Common Currency in Pluralistic Community; Part II: Evolutionary Economics: A Systemic View. Chapter 6: Benign Neglect of Dollar: The Bretton Woods and Its Demise. Part I- The Crisis: Micro-Macro Perspective -- Chapter1- Pathology of the Crisis -- Chapter 2- Sub-Prime Debt Imbroglio : Risks-Rewards of Financial Sophistication -- Chapter 3- Policy Response -- Chapter 4- Why Is the Economy Not Taking Off? -- Chapter 5- Euro-Sclerosis: Causation and Control -- Part II- Evolutionary Economics: A Systemic View -- Chapter 6- Benign Neglect of Dollar: Bretton Woods and its Demise -- Chapter 7- Enter The Globalization : Paradigm Shift -- Chapter 8- Great Crash and Depression : Relook -- Part III- Structural Gaps -- Chapter 9- Metamorphosis of American Capitalism -- Chapter 10- Downfall of Communism : God That Failed -- Chapter 11- Structural Shifts -- Chapter 12- US Savings Gap Vs Global Liquidity Reflux -- Part IV- Looking Ahead -- Chapter 13- Conundrum of Financial Markets : Measuring Risks and Mapping Regulation -- Chapter 14- Rediscovering Keynes -- Chapter 15- New Bretton Woods : Agenda for Global Economic Reform. . |
| Titelhinweis |
Erscheint auch als (Druck-Ausgabe): ‡Nayak, Satyendra S., 1949 - : ¬The¬ global financial crisis |
| ISBN |
ISBN 978-81-322-0798-6 |
| ISBN 978-81-3220798-6 |
| Klassifikation |
KCBM |
| KCLF |
| BUS027000 |
| KCB |
| BUS039000 |
| 339 |
| 332 |
| HB172.5 |
| QK 600 |
| Kurzbeschreibung |
Part I- The Crisis: Micro-Macro Perspective -- Chapter1- Pathology of the Crisis -- Chapter 2- Sub-Prime Debt Imbroglio : Risks-Rewards of Financial Sophistication -- Chapter 3- Policy Response -- Chapter 4- Why Is the Economy Not Taking Off? -- Chapter 5- Euro-Sclerosis: Causation and Control -- Part II- Evolutionary Economics: A Systemic View -- Chapter 6- Benign Neglect of Dollar: Bretton Woods and its Demise -- Chapter 7- Enter The Globalization : Paradigm Shift -- Chapter 8- Great Crash and Depression : Relook -- Part III- Structural Gaps -- Chapter 9- Metamorphosis of American Capitalism -- Chapter 10- Downfall of Communism : God That Failed -- Chapter 11- Structural Shifts -- Chapter 12- US Savings Gap Vs Global Liquidity Reflux -- Part IV- Looking Ahead -- Chapter 13- Conundrum of Financial Markets : Measuring Risks and Mapping Regulation -- Chapter 14- Rediscovering Keynes -- Chapter 15- New Bretton Woods : Agenda for Global Economic Reform. |
| 2. Kurzbeschreibung |
The Financial Crisis, though originating in the US, is global and comparable with the Great Depression of the 1930s. The book takes both micro and macro view of the crisis. It examines the evolution of the global monetary system and looks at the crisis from a systemic angle. It examines the institutional changes in American capitalism and market mechanisms. The dynamics of the market and its cyclical characters are discussed. It examines the structural changes in the US economy. The role of globalization and international funds flow, their changing character and the growing interdependence among nations have been examined. At the micro level, the book discusses the subprime market and the gaps in the system that created the crisis. It deals with the supervisory structure and growing influence of the derivatives market and the synthetic products that are threatening the financial system. It also analyzes the fundamental changes in the global trading and payments patterns, which are influencing the US balance of payments and the US dollar. The secular changes in the structure of the US economy are impacting the global economy. The work deals with the measures taken to resolve the crisis both in the US and on a global scale. The reforms necessary to avoid the recurrence of the crisis are outlined. The study aims to underline these factors and draw a perspective for the US dollar. It is also proposed to draw a scenario for a more efficient and equitable global monetary system with a role for the US dollar along with a new vehicle for international payments and finance. This would also include the reform of the global economic system and the IMF. The special feature of the book is that it takes a holistic view of the problem. The systemic and macro issues are discussed in addition to its microanalysis |
| 1. Schlagwortkette |
Weltwirtschaft |
| Globalisierung |
| Finanzkrise |
| ANZEIGE DER KETTE |
Weltwirtschaft -- Globalisierung -- Finanzkrise |
| 2. Schlagwortkette |
Wirtschaftskrise |
| Finanzkrise |
| ANZEIGE DER KETTE |
Wirtschaftskrise -- Finanzkrise |
| 3. Schlagwortkette |
Erde |
| USA |
| Finanzkrise |
| Ursache |
| Krisenmanagement |
| Wirtschaftsentwicklung |
| Öffentliche Schulden |
| Auslandsschulden |
| Währungspolitik |
| Internationaler Kreditmarkt |
| Kapital |
| Produktionsfaktor |
| Wirtschaftskrise |
| Geschichte |
| Entwicklung |
| Tendenz |
| Wirtschaftstheorie |
| ANZEIGE DER KETTE |
Erde -- USA -- Finanzkrise -- Ursache -- Krisenmanagement -- Wirtschaftsentwicklung -- Öffentliche Schulden -- Auslandsschulden -- Währungspolitik -- Internationaler Kreditmarkt -- Kapital -- Produktionsfaktor -- Wirtschaftskrise -- Geschichte -- Entwicklung -- Tendenz -- Wirtschaftstheorie |
| SWB-Titel-Idn |
378518488 |
| Signatur |
Springer E-Book |
| Bemerkungen |
Elektronischer Volltext - Campuslizenz |
| Elektronische Adresse |
$uhttp://dx.doi.org/10.1007/978-81-322-0798-6 |
| Internetseite / Link |
Volltext |
| Siehe auch |
Volltext |
| Siehe auch |
Cover |
