The Global Debt Crisis

Author : M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara
Publisher : World Bank Publications
Page : 403 pages
File Size : 52,5 Mb
Release : 2021-03-03
Category : Business & Economics
ISBN : 9781464815454

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Global Waves of Debt by M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara Pdf

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Author : Paul E. Peterson,Daniel J. Nadler
Publisher : Brookings Institution Press
Page : 253 pages
File Size : 45,6 Mb
Release : 2014
Category : Business & Economics
ISBN : 9780815704874

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The Global Debt Crisis by Paul E. Peterson,Daniel J. Nadler Pdf

" Debt crises have placed strains not only on the European Union's nascent federal system but also on the federal system in the United States. Old confrontations over fiscal responsibility are being renewed, often in a more virulent form, in places as far flung as Detroit, Michigan, and Valencia, Spain, to say nothing of Greece and Cyprus. Increasing the complexity of the issue has been public sector collective bargaining, now a component of most federal systems. The attendant political controversies have become the debate of a generation. Paul Peterson and Daniel Nadler have assembled experts from both sides of the Atlantic to break down the structural flaws in federal systems of government that have led to economic and political turmoil. Proposed solutions offer ways to preserve and restore vibrant federal systems that meet the needs of communities struggling for survival in an increasingly unified global economy. Contributors: Andrew G. Biggs (American Enterprise Institute); César Colino (National Distance Education University, Madrid); Eloísa del Pino (Instituto de Políticas y Bienes Públicos, Madrid); Henrik Enderlein (Hertie School of Governance, Berlin); Cory Koedel (University of Missouri); Carlos Xabel Lastra-Anadón (Harvard University); Daniel Nadler (Harvard University); Shawn Ni (University of Missouri); Amy Nugent (Government of Ontario, Canada); James Pearce (Mowat Centre, University of Toronto, Canada); Paul E. Peterson (Harvard University); Michael Podgursky (University of Missouri); Jason Richwine (Washington, D.C.); Jonathan Rodden (Stanford Uni versity); Daniel Shoag (Harvard University); Richard Simeon (University of Toronto, Canada); Camillo von Müller (University of St. Gallen, Switzerland, and Leuphana University, Germany); Daniel Ziblatt (Harvard University) "

Author : A. Pettifor
Publisher : Springer
Page : 190 pages
File Size : 44,9 Mb
Release : 2006-10-02
Category : Political Science
ISBN : 9780230236752

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The Coming First World Debt Crisis by A. Pettifor Pdf

In this book, Ann Pettifor examines the issues of debt affecting the 'first world' or OECD countries, looking at the history, politics and ethics of the coming debt crisis and exploring the implications of high international indebtedness for governments, corporations, households, individuals and the ecosystem.

Author : Anonim
Publisher : USCCB
Page : 36 pages
File Size : 41,9 Mb
Release : 1999
Category : Business & Economics
ISBN : 1574553291

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A Jubilee Call for Debt Forgiveness by Anonim Pdf

Author : Scott B. MacDonald,Margie Lindsay,David L. Crum
Publisher : Burns & Oates
Page : 278 pages
File Size : 41,6 Mb
Release : 1990
Category : Business & Economics
ISBN : UCSD:31822004970711

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The Global Debt Crisis by Scott B. MacDonald,Margie Lindsay,David L. Crum Pdf

Author : Out Of Print
Publisher : Basic Books
Page : 316 pages
File Size : 50,8 Mb
Release : 1984-10-31
Category : Business & Economics
ISBN : 0465026818

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Global Debt Crisis by Out Of Print Pdf

Author : George K. Zestos
Publisher : Routledge
Page : 326 pages
File Size : 54,5 Mb
Release : 2015-10-05
Category : Business & Economics
ISBN : 9781317627630

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The Global Financial Crisis by George K. Zestos Pdf

Although banking and sovereign debt crises are not unusual, the crisis that has unfolded across the world since 2007 has been unique in both its scale and scope. It has also been unusual in being both triggered by, and mainly affecting, developed economies. Starting with the US subprime mortgage crisis, and the recession in 2007-2009, the problem soon erupted into financial crisis in Europe. A few of these countries came to the brink of bankruptcy, and were rescued by the EU and the IMF on the condition they adopt austerity measures. The detrimental social effects of the crisis in both the US and Europe are still emerging. Although there have been several studies published on the US crisis in particular, there has so far been an absence of an accessible comparative overview of both crises. This insightful text aims to fill this gap, offering a critical overview of causes, policy responses, effects and future implications. Starting with the historical context and mutation of the crisis, the book explores the policies, regulations, and governance reforms that have been implemented to cope with the US subprime mortgage crisis. A parallel analysis considers the causes of the European sovereign debt crisis and the responses of the European Union (EU), examining why the EU is as yet unable to resolve the crisis. This book is supported with eResources that include essay questions and class discussion questions in order to assist students in their understanding. This uniquely comprehensive and readable overview will be of interest and relevance to those studying financial crises, financial governance, international economics and international political economy.

Author : Martin Guzman,José Antonio Ocampo,Joseph E. Stiglitz
Publisher : Columbia University Press
Page : 307 pages
File Size : 40,9 Mb
Release : 2016-05-10
Category : Business & Economics
ISBN : 9780231542029

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Too Little, Too Late by Martin Guzman,José Antonio Ocampo,Joseph E. Stiglitz Pdf

The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and address too little. Though unresolved debt crises impose enormous costs on societies, many recent restructurings have not been deep enough to provide the conditions for economic recovery (as illustrated by the Greek debt restructuring of 2012). And if the debtor decides not to accept the terms demanded by the creditors, finalizing a restructuring can be slowed by legal challenges (as illustrated by the recent case of Argentina, deemed as "the trial of the century"). A fresh start for distressed debtors is a basic principle of a well-functioning market economy, yet there is no international bankruptcy framework for sovereign debts. While this problem is not new, the United Nations and the global community are now willing to do something about it. Providing guidance for those who intend to take up reform, this book assesses the relative merits of various debt-restructuring proposals, especially in relation to the main deficiencies of the current nonsystem. With contributions by leading academics and practitioners, Too Little, Too Late reflects the overwhelming consensus among specialists on the need to find workable solutions.

Author : Jason Goodwin
Publisher : iUniverse
Page : 142 pages
File Size : 43,6 Mb
Release : 2016-09-17
Category : Business & Economics
ISBN : 9781491795149

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The Global Debt Crisis and How We Can Get out of It by Jason Goodwin Pdf

“People of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” Those words come from Henry Ford, and they are truer today than ever. Banks continue to purchase assets with other people’s money, which contributed to the global debt crisis that devastated so many individuals and families. Jason Goodwin, a lifelong student of the economy, outlines how the banking and monetary system work in this book that not only informs but will make you downright angry. He focuses on topics such as • countries like Greece that are hamstrung by massive debt, • causes of the global debt crisis, and • economic policies that make it difficult for households to pay their bills and get ahead in life. He also examines how banks become investors when companies offer shares to the public via initial public offerings. Banks use other people’s money to become the largest investors of these companies, which can cause massive socio-economic problems. Get truthful answers on why the world is suffering a debt crisis along with practical solutions to solve the problem with this insightful overview of the global economy.

Author : Stephen P. Riley
Publisher : Springer
Page : 217 pages
File Size : 40,9 Mb
Release : 2016-07-27
Category : Political Science
ISBN : 9781349228201

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The Politics of Global Debt by Stephen P. Riley Pdf

The Politics of Global Debt is a detailed political analysis of the origins and consequences of the `global debt crisis' which emerged in the early 1980s. It assesses both `imperialist' and `New Right' interpretations of the crisis, and also presents a series of case studies of the effects of external debt upon Africa, Latin America, Eastern Europe and Asia. The book focusses upon the `sovereign debt' of states, and its management, and examines the ways in which global economic structures, inefficient policies, weak institutions, and corrupt political leaders contribute to a global debt crisis which has both international and domestic roots.

Author : Ishrat Husain,Ishac Diwan
Publisher : World Bank Publications
Page : 326 pages
File Size : 49,8 Mb
Release : 1989
Category : Business & Economics
ISBN : 0821312464

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Dealing with the Debt Crisis by Ishrat Husain,Ishac Diwan Pdf

The debt crisis in perspective; Debt management in the late 1980s; Debt reduction and recontracting.

Author : John H. Makin
Publisher : Basic Books (AZ)
Page : 281 pages
File Size : 52,6 Mb
Release : 1986-02-01
Category : Business & Economics
ISBN : 0465026826

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The Global Debt Crisis by John H. Makin Pdf

A distinguished economist details the causes, history, and potentially disastrous consequences of the 700-billion-dollar international debt crisis and assesses the implications for American banks, businesses, government, and taxpayers

Author : Mohamed Rabie
Publisher : Springer
Page : 235 pages
File Size : 43,6 Mb
Release : 2017-10-31
Category : Business & Economics
ISBN : 9783319662152

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The Global Debt Crisis and Its Socioeconomic Implications by Mohamed Rabie Pdf

This fascinating and ambitious book proposes a new strategy ("the Ramo Plan") to tackle the current global socioeconomic crisis. Issuing a direct challenge to the status quo, the author lays out a bold set of policies to overcome the West-East divide and lead us to a more successful and secure future. Alongside the presentation of a new economic approach, this book provides a thorough survey of the major forces behind the decline in economic growth rates. It examines the state of the major world economies, explores the impact of the global debt crisis, identifies the income and wealth gaps in the United States and other countries, and explains the relationship between these issues and the spread of alienation, radicalism and terrorism. Imaginative and refreshing, this is valuable and original reading for students and academics interested in international political economy, economic development, sustainable development, and social economics, as well as global policy, area studies, globalization studies, and international relations.

Author : Menzie D. Chinn,Jeffry A. Frieden
Publisher : W. W. Norton & Company
Page : 259 pages
File Size : 53,6 Mb
Release : 2011-09-19
Category : Business & Economics
ISBN : 9780393080506

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Lost Decades: The Making of America's Debt Crisis and the Long Recovery by Menzie D. Chinn,Jeffry A. Frieden Pdf

A clear, authoritative guide to the crisis of 2008, its continuing repercussions, and the needed reforms ahead. The U.S. economy lost the first decade of the twenty-first century to an ill-conceived boom and subsequent bust. It is in danger of losing another decade to the stagnation of an incomplete recovery. How did this happen? Read this lucid explanation of the origins and long-term effects of the recent financial crisis, drawn in historical and comparative perspective by two leading political economists. By 2008 the United States had become the biggest international borrower in world history, with more than two-thirds of its $6 trillion federal debt in foreign hands. The proportion of foreign loans to the size of the economy put the United States in league with Mexico, Indonesia, and other third-world debtor nations. The massive inflow of foreign funds financed the booms in housing prices and consumer spending that fueled the economy until the collapse of late 2008. This was the most serious international economic crisis since the Great Depression of the 1930s. Menzie Chinn and Jeffry Frieden explain the political and economic roots of this crisis as well as its long-term effects. They explore the political strategies behind the Bush administration’s policy of funding massive deficits with foreign borrowing. They show that the crisis was foreseen by many and was avoidable through appropriate policy measures. They examine the continuing impact of our huge debt on the continuing slow recovery from the recession. Lost Decades will long be regarded as the standard account of the crisis and its aftermath.

Author : Barry Eichengreen,Peter H. Lindert
Publisher : MIT Press
Page : 304 pages
File Size : 46,9 Mb
Release : 1992
Category : Business & Economics
ISBN : 0262550229

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The International Debt Crisis in Historical Perspective by Barry Eichengreen,Peter H. Lindert Pdf

Eichengreen and Lindert bring together original studies that assess the historical record to see what lessons can be learned for resolving today's crisis.