Money Trap

Escaping the Grip of Global Finance

Autor: Robert Pringle

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Legare: Copertă tare

Editura: PALGRAVE MACMILLAN

Disponibilitate: În depozitul extern în cantități mici

Expediem în 13-18 zile

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Why have the efforts of governments and central banks to revive economic growth and solve the proble...

Informații despre carte

Autor

Robert Pringle

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

2012

Pagini

300

EAN

9780230392748

ISBN

0230392741

Enbook ID

04554347

Editura

PALGRAVE MACMILLAN

Greutate

530

Dimensiuni

222 x 155 x 24

Descriere completă

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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Money Trap

Escaping the Grip of Global Finance

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