Framing The Global Economic Downturn

Author : Paul 't Hart,Karen Tindall
Publisher : ANU E Press
Page : 362 pages
File Size : 43,8 Mb
Release : 2009-09-01
Category : Political Science
ISBN : 9781921666056

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Framing the Global Economic Downturn by Paul 't Hart,Karen Tindall Pdf

The global economic downturn that followed the collapse of major US financial institutions is no doubt the most significant crisis of our times. Its effects on corporate and governmental balance sheets have been devastating, as have been its impacts on the employment and well being of tens of millions of citizens. It continues to pose major challenges to national policymakers and institutions around the world. Managing public uncertainty and anxiety is vital in coping with financial crises. This requires not just prompt action but, most of all, persuasive communication by government leaders. At the same time, the very occurrence of such crises raises acute questions about the effectiveness and robustness of current government policies and institutions. With the stakes being so high, defining and interpreting what is going on, how and why it happened, and what ought to be done now become key questions in the political and policy struggles that crises invariably unleash. In this volume, we study how heads of government, finance ministers and national bank governors in eight countries as well as the EU engage in such 'framing contests', and how their attempts to interpret the cascading events of the economic downturn were publicly received. Using systematic content analysis of speeches and media coverage, this volume offers a unique comparative assessment of public leadership in times of crisis.

Author : Hossein Jalilian
Publisher : Flipside Digital Content Company Inc.
Page : 241 pages
File Size : 47,5 Mb
Release : 2014-11-11
Category : Business & Economics
ISBN : 9789814519663

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Surviving the Global Financial and Economic Downturn by Hossein Jalilian Pdf

In terms of magnitude of impact, the global financial and economic downturn was the worst of the three crises. That it caused the first ever growth contraction in the post-conflict period was sufficient rationale for the series of studies that substantiate this book. Like the two shocks that preceded it however, the way it impacted on Cambodia cannot be understood in isolation from the overall post-conflict milieu. The thesis here is not that endogenous factors caused the crisis. It is simply that endogenous factors shaped the impact of the crisis and a historical, as opposed to a static, analysis better illuminates the nature of the impact. This book is an in-depth comprehensive examination of the impact of the global financial and economic crisis on Cambodia. It probes into the effects of the shock at macro, sectoral and micro levels using qualitative and quantitative techniques.

Author : Christian Suter,Mark Herkenrath
Publisher : LIT Verlag Münster
Page : 352 pages
File Size : 53,9 Mb
Release : 2012
Category : Global Financial Crisis, 2008-2009
ISBN : 9783643800732

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World Society in the Global Economic Crisis by Christian Suter,Mark Herkenrath Pdf

This volume examines the considerable economic, social and political consequences of the present global crisis for world society. It focuses on central issues including crisis impacts on world society structures, crisis perceptions and public discourses, and experience of global crisis at local and regional levels.

Author : Philip Cooke
Publisher : Routledge
Page : 394 pages
File Size : 47,8 Mb
Release : 2013-01-17
Category : Business & Economics
ISBN : 9781136223037

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Re-framing Regional Development by Philip Cooke Pdf

Turbulence characterises the current global scene. This book uses complementary theoretical approaches to understand and help prescribe policies to ‘re-frame’ the regional development problem in turbulent times. These approaches are: evolutionary complexity; evolutionary economic geography; emergence theory; and resilience theory. From below, they address the four major crises creating a ‘perfect storm’ for societies and economics involving: the climate change crisis; the energy crisis; the banking and financial crisis; and the global economic crisis. This book analyses and proposes ways in which regional economies, in particular, are having to be ‘reframed’ to address these crises. First, many must evolve in new ways, possibly moving back from the ‘service economy’ towards a new, greener form of manufacturing of goods as well as services. Accordingly, regional economies are innovating in new ways. Amongst these are the quest for ‘relatedness’ within their own regional orbits, and promoting ‘modularity’ as a mode of analysis and a policy stance to stimulate innovation across industry and geographical borders. Finally, regional economies and societies are discovering that, from a ‘resilience’ perspective, they must find answers to the higher levels of governance with which they increasingly struggle. In this respect regional economies are in ‘transition’ and regional processes are ‘emergent’. The transition seeks to address the four crises, involving re-balancing, re-directing and re-framing future policy and practice. This book describes many of the novel ‘framings’ involved in understanding the new ways in which this major task is being addressed in theory, policy and everyday practice.

Author : Nicholas R. Lardy
Publisher : Peterson Institute
Page : 213 pages
File Size : 51,9 Mb
Release : 2012
Category : China
ISBN : 9780881326475

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Sustaining China's Economic Growth After the Global Financial Crisis by Nicholas R. Lardy Pdf

Author : Youssef Cassis,Jean-Jacques Van Helten
Publisher : Unknown
Page : 272 pages
File Size : 48,8 Mb
Release : 2021
Category : Economic development
ISBN : 0755626656

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Legacy of the Global Financial Crisis by Youssef Cassis,Jean-Jacques Van Helten Pdf

"Much has been written on the financial crisis of 2008 - the most severe economic downturn since the Great Depression - analysing its causes and the risks for the future of the global economy. This book takes an alternative approach which focuses on the legacy of the global financial crisis, what is remembered and what lessons have been drawn from it. This volume provides perspectives on this legacy from a variety of contributors including banking practitioners, central bankers, regulators, politicians, academics, and senior journalists. They offer insight into what remains of the crisis in terms of public and industry awareness, changes to the post-2008 financial architecture, lessons from the national experiences of highly exposed small economies, and considers this legacy in terms of oversight by regulatory regimes. These diverse perspectives are drawn together here to ask how we can ensure that these lessons will be transmitted to the new generation of global financiers."--

Author : Mats Benner
Publisher : Edward Elgar Publishing
Page : 273 pages
File Size : 55,8 Mb
Release : 2013-01-01
Category : Business & Economics
ISBN : 9781781952016

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Before and Beyond the Global Economic Crisis by Mats Benner Pdf

ÔThis outstanding book examines whether and how the finance-led growth model can be transformed. The authorsÕ insightful analyses make significant contributions to our understanding of the global economic crisis since 2008 and the search for possible new paths beyond the crisis.Õ Ð Stein Kuhnle, University of Bergen, Norway and Hertie School of Governance, Germany ÔThis book sheds a powerful light on the current uncertainty of the world economy. Indispensable reading for understanding the roots of the crisis and the possible ways out.Õ Ð Carlota Perez, Technological University of Tallinn, Estonia and London School of Economics, UK This timely and far-reaching book addresses the long-term impact of the recent global economic crisis. New light is shed on the crisis and its historical roots, and resolutions for a more robust, resilient future socio-economic model are prescribed. Leading experts across a range of field including macroeconomics, politics, economic history, social policy, linguistics and global economic relations address key issues emerging from the crisis. They consider whether a new era in interactions between state, society and markets is actually dawning, and whether the finance-led economic growth model will be transformed into a new and more stable model. The role of the crisis in economy, polity and society, in shaking up existing institutional regimes and in paving the way for new ones is also discussed. Post-crisis combinations of state-society-economy relations are identified, and the question of whether the crisis has led to the reconsideration of economic relations and their institutional embeddedness is explored. This challenging book will provide a thought provoking read for academics, students and researchers focusing on economics, political science and sociology. Policymakers in the fields of economic, industrial and social policy will also find this book to be an informative point of reference.

Author : Youssef Cassis,Jean-Jacques van Helten
Publisher : Bloomsbury Publishing
Page : 241 pages
File Size : 47,9 Mb
Release : 2021-08-12
Category : Political Science
ISBN : 9780755626632

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The Legacy of the Global Financial Crisis by Youssef Cassis,Jean-Jacques van Helten Pdf

Much has been written on the financial crisis of 2008 – the most severe economic downturn since the Great Depression – analysing its causes and the risks for the future of the global economy. This book takes an alternative approach which focuses on the legacy of the global financial crisis, what is remembered and what lessons have been drawn from it. This volume provides perspectives on this legacy from a variety of contributors including central bankers, regulators, politicians, academics, and journalists. They offer insight into what remains of the crisis in terms of public and industry awareness, changes to the post-2008 financial architecture, lessons from the national experiences of highly exposed small economies, and considers this legacy in terms of oversight by regulatory regimes. These diverse perspectives are drawn together here to ask how we can ensure that these lessons will be transmitted to the new generation of global financiers.

Author : Financial Crisis Inquiry Commission
Publisher : Cosimo, Inc.
Page : 692 pages
File Size : 48,8 Mb
Release : 2011-05-01
Category : Political Science
ISBN : 9781616405410

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The Financial Crisis Inquiry Report by Financial Crisis Inquiry Commission Pdf

The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

Author : Sharyn O'Halloran,Thomas Groll
Publisher : Columbia University Press
Page : 454 pages
File Size : 49,7 Mb
Release : 2019-10-08
Category : History
ISBN : 9780231549998

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After the Crash by Sharyn O'Halloran,Thomas Groll Pdf

The 2008 crash was the worst financial crisis and the most severe economic downturn since the Great Depression. It triggered a complete overhaul of the global regulatory environment, ushering in a stream of new rules and laws to combat the perceived weakness of the financial system. While the global economy came back from the brink, the continuing effects of the crisis include increasing economic inequality and political polarization. After the Crash is an innovative analysis of the crisis and its ongoing influence on the global regulatory, financial, and political landscape, with timely discussions of the key issues for our economic future. It brings together a range of experts and practitioners, including Joseph Stiglitz, a Nobel Prize winner; former congressman Barney Frank; former treasury secretary Jacob Lew; Paul Tucker, a former deputy governor of the Bank of England; and Steve Cutler, general counsel of JP Morgan Chase during the financial crisis. Each poses crucial questions: What were the origins of the crisis? How effective were international and domestic regulatory responses? Have we addressed the roots of the crisis through reform and regulation? Are our financial systems and the global economy better able to withstand another crash? After the Crash is vital reading as both a retrospective on the last crisis and an analysis of possible sources of the next one.

Author : Hossein Jalilian
Publisher : Unknown
Page : 236 pages
File Size : 53,8 Mb
Release : 2014
Category : Cambodia
ISBN : 9814379891

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Surviving the Global and Economic Downturn by Hossein Jalilian Pdf

Author : Lawrence Crooks
Publisher : Unknown
Page : 324 pages
File Size : 46,8 Mb
Release : 2012-12-24
Category : Electronic
ISBN : 148026993X

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Global Economic Storms (expanded Edition) by Lawrence Crooks Pdf

The Great Depression, like the Great Recession of 2008-2009, has been incorrectly framed as the result of a failure of our banking and investment institutions. This narrow focus on our financial institutions as the key causes of this type of crisis, while ignoring the rest of the economy, has dominated the discussion and our understanding of these events for close to a century. Yet we still have no clear explanation for the slow economic and employment growth that followed each of these two crises, or for the reasons behind the formation of the massive asset bubbles that preceded them and that seem to fly in the face of our belief in rational, efficient financial markets.Like major storms and other weather events, these economic convulsions have understandable underlying causes. This book provides a broader framework in which to understand these fundamental forces and how they shaped the events of the Great Depression and our recent Recession. These two global economic storms were not the only ones of the industrial age but were preceded by the Long Depression, which started in 1873 and also impacted the rest of the world.It is only in the last two centuries that we have experienced rapid economic growth that was faster than population growth. This rapid growth was clustered in the early industrializing countries and was unequal as industrialization initially diffused across Europe and the US. The US today finds itself in a similar position to the British Empire in 1873, which was the start of the transition from British to US economic dominance. Not understanding the underlying forces and causes of these three economic storms confines us to incomplete and ineffective solutions today. Global Economic Storms is the first and only book to probe to the root causes of these great crises and to lay out a rational approach to addressing those that loom on our horizon.

Author : Laurent Ferrara,Ignacio Hernando,Daniela Marconi
Publisher : Springer
Page : 298 pages
File Size : 46,9 Mb
Release : 2018-06-13
Category : Business & Economics
ISBN : 9783319790756

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International Macroeconomics in the Wake of the Global Financial Crisis by Laurent Ferrara,Ignacio Hernando,Daniela Marconi Pdf

This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.

Author : M. Ayhan Kose,Franziska Ohnsorge
Publisher : World Bank Publications
Page : 475 pages
File Size : 46,7 Mb
Release : 2021-03-19
Category : Business & Economics
ISBN : 9781464815287

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A Decade after the Global Recession by M. Ayhan Kose,Franziska Ohnsorge Pdf

This year marks the tenth anniversary of the 2009 global recession. Most emerging market and developing economies weathered the global recession relatively well, in part by using the sizable fiscal and monetary policy ammunition accumulated during prior years of strong growth. However, their growth prospects have weakened since then, and many now have less policy space. This study provides the first comprehensive stocktaking of the past decade from the perspective of emerging market and developing economies. Many of these economies have now become more vulnerable to economic shocks. The study discusses lessons from the global recession and policy options for these economies to strengthen growth and prepare for the possibility of another global downturn.

Author : Yihong Liu
Publisher : Springer Nature
Page : 266 pages
File Size : 42,8 Mb
Release : 2022-01-13
Category : Political Science
ISBN : 9789811677632

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Crisis Rhetoric and Policy Change in China by Yihong Liu Pdf

This book explores how China's political system responds to crisis. A crisis is an episode whose impact cannot be controlled merely by astute on-the-ground incident management, particularly in cases involving widespread doubt about the legitimacy of established policy paradigms or the political order as a whole. Crisis can create “political windows” for advocacy groups challenging established policies in pluralist democracies. The political battle between competing definitions of an uncertain and ambiguous situation among the various actors provides them with crisis-induced opportunity space for dramatic policy change. However, the process of crisis-induced policy change, mainly by crisis framing, in non-west regimes like China has not been adequately addressed. As China's leadership foregrounds legitimacy in “victory” over COVID-19, and a new era of climate change disasters begins, this dynamic model of crisis and recuperation will offer food for thought for scholars of Chinese and global politics.