Kniha Money Trap Robert Pringle

Money Trap

Escaping the Grip of Global Finance

Jazyk: Angličtina
Väzba: Pevná
Vydavateľ: PALGRAVE MACMILLAN
Dostupnosť: Skladom u dodávateľa v malom množstve
Odosielame za 13-18 dní
124.64
Why have the efforts of governments and central banks to revive economic growth and solve the proble...

Informácie o knihe

Jazyk
Angličtina
Väzba
Kniha - Pevná
Vydalo
2012
Stránok
300
EAN
9780230392748
ISBN
0230392741
Enbook ID
04554347
Vydavateľ
Hmotnosť
530
Rozmery
222 x 155 x 24

Kompletný popis

Why have the efforts of governments and central banks to revive economic growth and solve the problems left by the global financial crisis met with such limited success? Why have markets been periodically paralysed by fear and uncertainty? This book argues that governments have been using the wrong policy weapons. They have relied on the traditional tools of low interest rates and monetary ease, plus tighter bank regulation and new macro-prudential toolkits. The Money Trap discusses how governments have failed to understand the roots of the rolling crisis and recession of 2007-12 and argue that these roots lie in the interaction of an elastic credit supply, dysfunctional banking systems and an unreformed international monetary system. Historically, the advanced countries enjoyed long periods of economic growth with stable money and without systemic banking crises - and minimal bank supervision. We can learn from the historical experience, and from the teaching of great economists. They point to a clear conclusion. A root-and-branch reform both of banking and of international money is required. The centrepiece of such a reform should be the re-establishment of a trusted international monetary standard. This book brings together the main strands of the current policy-oriented discussions and analyses the solutions, providing readers with an integrated guide and analysis to the events in the four years after 2007, and their antecedents in the development of the system since the early 1970s, drawing on Pringle's extensive contacts and work as a leading economics editor over the past 40 years.

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