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Author : Duncan Weldon
Publisher : Abacus
Page : 352 pages
File Size : 49,7 Mb
Release : 2022-05-05
Category : Great Britain
ISBN : 0349144273
Author : Mr.Antonio Spilimbergo,Mr.Krishna Srinivasan
Publisher : International Monetary Fund
Page : 382 pages
File Size : 48,5 Mb
Release : 2019-03-14
Category : Business & Economics
ISBN : 9781484339749
Brazil is at crossroads, emerging slowly from a historic recession that was preceded by a huge economic boom. Reasons for the historic bust following a boom are manifold. Policy mistakes were an important contributory factor, and included the pursuit of countercyclical policies, introduced to deal with the effects of the global financial crisis, beyond the point where they were helpful. More fundamentally, it reflects longstanding structural weaknesses plaguing the economy, that also help explain Brazil’s uninspiring growth performance over the past four decades.
Author : William Quinn,John D. Turner
Publisher : Cambridge University Press
Page : 297 pages
File Size : 42,8 Mb
Release : 2020-08-06
Category : Business & Economics
ISBN : 9781108421256
Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? Boom and Bust reveals why bubbles happen, and why some bubbles have catastrophic economic, social and political consequences, whilst others have actually benefited society.
Author : Alex J. Pollock
Publisher : Government Institutes
Page : 108 pages
File Size : 54,7 Mb
Release : 2010-11-16
Category : Business & Economics
ISBN : 9780844743844
While the recent economic crisis was a painful period for many Americans, the panic surrounding the downturn was fueled by an incomplete understanding of economic history. Economic hysteria made for riveting journalism and effective political theater, but the politicians and members of the media who declared that America was in the midst of the greatest financial calamity since the Great Depression were as wrong and misguided as the expansionists of the Roosevelt era. In reality the cyclical nature of market economies is as old as the markets themselves. In a free market system, financial downturns inevitably accompany economic prosperity-but the overall trend is upward progress in living standards and national wealth. While it is helpful to understand what caused the recent crisis, the more important questions to consider are 'What makes the 'boom and bust' cycle so predictable?' and 'What are the ethical responsibilities of the citizens of a free market economy?' In Boom and Bust: Financial Cycles and Human Prosperity, Alex J. Pollock argues that while economic downturns can be frightening and difficult, people living in free market economies enjoy greater health, better access to basic necessities, better education, work less arduous jobs, and have more choices and wider horizons than people at any other point in history. This wonderful reality would not exist in the absence of financial cycles. This book explains why.
Author : Bill Carter
Publisher : Simon and Schuster
Page : 304 pages
File Size : 41,9 Mb
Release : 2021-08-31
Category : Business & Economics
ISBN : 9781439136584
A sweeping account of civilization's dependence on copper traces the industry's history, culture and economics while exploring such topics as the dangers posed to communities living near mines, its ubiquitous use in electronics and the activities of the London Metal Exchange. By the author of Fools Rush In. 30,000 first printing.
Author : Aaron Tornell,Frank Westermann
Publisher : MIT Press
Page : 206 pages
File Size : 50,9 Mb
Release : 2005
Category : Business & Economics
ISBN : STANFORD:36105114222933
Analysis and evidence of how the factors that give rise to boom-bust cycles in fast-growing developing economies also enhance long-run growth. The volatility that has hit many middle-income countries (MICs) after liberalizing their financial markets has prompted critics to call for new policies to stabilize these boom-bust cycles. But, as Aaron Tornell and Frank Westermann point out in this book, over the last two decades most of the developing countries that have experienced lending booms and busts have also exhibited the fastest growth among MICs. Countries with more stable credit growth, by contrast, have exhibited, on average, lower growth rates. Factors that contribute to financial fragility thus appear, paradoxically, to be a source of long-run growth as well. Tornell and Westermann analyze boom-bust cycles in the developing world and discuss how these cycles are generated by credit market imperfections. They explain why the financial liberalization that allows countries to overcome imperfections impeding rapid growth also generates the financial fragility that leads to greater volatility and occasional crises. The conceptual framework they present illustrates this linkage and allows Tornell and Westermann to address normative questions regarding liberalization policies.The authors also characterize key macroeconomic regularities observed across MICs, showing that credit markets play a key role not only in boom-bust episodes but in the strong "credit channel" observed during tranquil times. A theoretical framework is then presented that explains how credit market imperfections can account for these empirical patterns. Finally, Tornell and Westermann provide microeconomic evidence on the credit market imperfections that drive the results of the theoretical framework, finding that asymmetries between tradables and nontradables are key to understanding the patterns in MIC data.
Author : David M. Beckworth
Publisher : Unknown
Page : 0 pages
File Size : 52,7 Mb
Release : 2012
Category : Business & Economics
ISBN : 1598130765
Exploring the forceful renewal of the boom-and-bust cycle after several decades of economic stability, this book is a research-based review of the factors that caused the 2008 recession. It offers cutting-edge diagnoses of the recession and prescriptions on how to boost the economy from leading economists. The book concentrates on the Federal Reserve and its leading role in creating the economic boom and recession of the 2000s. Aimed at professional economists and readers well versed in the basic workings of the economy, it includes innovative proposals on how to avoid future boom-and-bust cycles.
Author : Thomas Sowell
Publisher : Hachette UK
Page : 256 pages
File Size : 55,7 Mb
Release : 2010-02-23
Category : Business & Economics
ISBN : 9780786747559
This is a plain-English explanation of how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and the even more "creative" marketing of financial securities based on American mortgages to countries around the world, are part of the story of how a financial house of cards was built up -- and then suddenly collapsed. The politics behind all this is another story full of strange twists. No punches are pulled when discussing politicians of either party, the financial dangers they created, or the distractions they created later to escape their own responsibility for what happened when the financial house of cards in the financial markets collapsed. What to do, now that we are in the midst of an economic disaster, is yet another story -- one whose ending we do not yet know, but one whose outlines and implications are explored to reveal some surprising and sobering lessons.
Author : Fred Harrison
Publisher : Shepheard-Walwyn
Page : 208 pages
File Size : 48,5 Mb
Release : 2010-01-01
Category : Business & Economics
ISBN : 9780856833120
Not employment or inflation as argued during the Great Depression and years of Reaganomics, the mechanism that drives the business cycle is proven to be the housing and property market in this analysis of the instability of financial markets. The consequences of how neoclassical economics ignores the importance of land are presented in a discussion of the dot-com crash. Agricultural, industrial, and commercial property and the housing market are examined to suggest that policymakers must revise their treatment of land in economic decisions to avoid the next economic crash, predicted for 2010.
Author : Robert McNally
Publisher : Columbia University Press
Page : 336 pages
File Size : 54,5 Mb
Release : 2017-01-17
Category : Business & Economics
ISBN : 9780231543682
As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decades. Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations. Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how—even from the oil industry's first years—wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions—first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC—succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations—including mistakes to avoid—as we confront the unwelcome return of boom and bust oil prices.
Author : A. W. Maldonado
Publisher : University of Notre Dame Pess
Page : 318 pages
File Size : 48,8 Mb
Release : 2021-08-01
Category : History
ISBN : 9780268200992
Who is to blame for the economic and political crisis in Puerto Rico—the United States or Puerto Rico? This book provides a fascinating historical perspective on the problem and an unequivocal answer on who is to blame. In this engaging and approachable book, journalist A. W. Maldonado charts the rise and fall of the Puerto Rican economy and explains how a litany of bad political and fiscal policy decisions in Washington and Puerto Rico destroyed an economic miracle. Under Operation Bootstrap in the 1950s and '60s, the rapid transformation and industrialization of the Puerto Rican economy was considered a “wonder of human history,” a far cry from the economic “death spiral” the island’s governor described in 2015. Boom and Bust in Puerto Rico is the story of how the demise of an obscure tax policy that encouraged investment and economic growth led to escalating budget deficits and the government’s shocking default of its $70 billion debt. Maldonado also discusses the extent of the devastation from Hurricane Maria in 2017, the massive street protests during 2019, and the catastrophic earthquakes in January 2020. After illuminating the century of misunderstanding between Puerto Rico and the United States—the root cause of the economic crisis and the island’s gridlocked debates about its political status—Maldonado concludes with projections about the future of the relationship. He argues that, in the end, the economic, fiscal, and political crises are the result of the breakdown and failure of Puerto Rican self-government. Boom and Bust in Puerto Rico is written for a wide audience, including students, economists, politicians, and general readers, all of whom will find it interesting and thought provoking.
Author : Thomas J. Noel,William J. Hansen
Publisher : Rowman & Littlefield
Page : 265 pages
File Size : 42,9 Mb
Release : 2021-09-01
Category : History
ISBN : 9781493040940
Promises of gold brought the first waves of European-Americans to Colorado in the 1859s. They found riches and built cities that never should have lasted. Readers will discover the golden beginnings of towns like Leadville and Boulder and meet the early settlers and miners who brought them to life. The next promise was always right around the corner, and the optimistic pioneers who came west simply never gave up. Silver flooded the state with more riches and more people, until the bubble burst and Colorado faded from the forefront of the American dream. The state is booming again today, with a vibrant beer, marijuana and energy economy epitomizing the 21st century American dream. This is the history of Colorado through the lens of its uniquely mythic economy, from boom to boom and into the future.
Author : Anonim
Publisher : University of Alberta
Page : 361 pages
File Size : 40,6 Mb
Release : 2013-09-10
Category : Business & Economics
ISBN : 9780888646897
In many commodity-based economies, rollercoaster boom-and-bust cycles have come to be viewed almost as an unavoidable characteristic. Framed mainly in the context of the Alberta economy, the articles in this volume explore a wide range of issues associated with the historical phenomenon of recurring periods of boom and bust, including reasons for their apparent inevitability, dealing with revenue volatility, possible diversification strategies, savings policy, and challenges faced by policy makers. Re-examining and shedding new light on these struggles, Boom and Bust Again is an important contribution to the literature on policy issues for readers in the fields of economics, business, finance, and public policy. Contributors: Robert L. Ascah, Jason Brisbois, Colin Busby, Edward J. Chambers, Bev Dahlby, Stephen Duckett, J. C. Herbert Emery, Nicholas Emter, Roger Gibbins, Brad R. Humphreys, Ronald Kneebone, Gordon Kramer, Stuart Landon, Kathleen Macaspac, Victor A. Matheson, Melville McMillan, John D. Murray, Alice O. Nakamura, Al O'Brien, David L. Ryan, Liesje Sarnecki, Constance Smith.
Author : Timothy Egan
Publisher : HarperCollins
Page : 353 pages
File Size : 42,7 Mb
Release : 2006-09-01
Category : History
ISBN : 9780547347776
In a tour de force of historical reportage, Timothy Egan’s National Book Award–winning story rescues an iconic chapter of American history from the shadows. The dust storms that terrorized the High Plains in the darkest years of the Depression were like nothing ever seen before or since. Following a dozen families and their communities through the rise and fall of the region, Timothy Egan tells of their desperate attempts to carry on through blinding black dust blizzards, crop failure, and the death of loved ones. Brilliantly capturing the terrifying drama of catastrophe, he does equal justice to the human characters who become his heroes, “the stoic, long-suffering men and women whose lives he opens up with urgency and respect” (New York Times). In an era that promises ever-greater natural disasters, The Worst Hard Time is “arguably the best nonfiction book yet” (Austin Statesman Journal) on the greatest environmental disaster ever to be visited upon our land and a powerful reminder about the dangers of trifling with nature. This e-book includes a sample chapter of THE IMMORTAL IRISHMAN.
Author : Donald Rapp
Publisher : Springer
Page : 374 pages
File Size : 44,5 Mb
Release : 2014-11-14
Category : Business & Economics
ISBN : 9781493910922
This book deals at some length with the question: Since there are many more poor than rich, why don’t the poor just tax the rich heavily and reduce the inequality? In the 19th century and the first half of the 20th century, the topic of inequality was discussed widely. Ending or reducing inequality was a prime motivating factor in the emergence of communism and socialism. The book discusses why later in the 20th century, inequality has faded out as an issue. Extensive tables and graphs of data are presented showing the extent of inequality in America, as well as globally. It is shown that a combination of low taxes on capital gains contributed to a series of real estate and stock bubbles that provided great wealth to the top tiers, while real income for average workers stagnated. Improved commercial efficiency due to computers, electronics, the Internet and fast transport allowed production and distribution with fewer workers, just as the advent of electrification, mechanization, production lines, vehicles and trains in the 1920s and 1930s produced the same stagnating effect.
