000 04422cam a2200433 i 4500
001 2014033128
003 DLC
005 20190729105433.0
008 140829s2014 nyua b 001 0 eng
010 _a 2014033128
020 _a9781594205446
_qhardback
042 _apcc
040 _aDLC
_beng
_erda
_cDLC
_dDLC
_dMvI
050 0 0 _aHB3722
_b.W63 2014
082 0 0 _a330.9/0511
_223
084 _aBUS039000
_aBUS069020
_2bisacsh
100 1 _aWolf, Martin,
_d1946-
245 1 4 _aThe shifts and the shocks :
_bwhat we've learned -- and have still to learn -- from the financial crisis /
_cMartin Wolf.
264 1 _aNew York :
_bPenguin Press,
_c2014.
300 _axxii, 465 pages :
_billustrations ;
_c24 cm
336 _atext
_2rdacontent
337 _aunmediated
_2rdamedia
338 _avolume
_2rdacarrier
520 _a"From the chief economic commentator for the Financial Times, a brilliant tour d'horizon of the new global economy and its trajectory There have been many books that have sought to explain the causes and courses of the financial and economic crisis which began in 2007-8. The Shifts and the Shocks is not another detailed history of the crisis, but the most persuasive and complete account yet published of what the crisis should teach us about modern economies and economics. The book identifies the origin of the crisis in the complex interaction between globalization, hugely destabilizing global imbalances and our dangerously fragile financial system. In the eurozone, these sources of instability were multiplied by the tragically defective architecture of the monetary union. It also shows how much of the orthodoxy that shaped monetary and financial policy before the crisis occurred was complacent and wrong. In doing so, it mercilessly reveals the failures of the financial, political and intellectual elites who ran the system. The book also examines what has been done to reform the financial and monetary systems since the worst of the crisis passed. "Are we now on a sustainable course?" Wolf asks. "The answer is no." He explains with great clarity why "further crises seem certain" and why the management of the eurozone in particular "guarantees a huge political crisis at some point in the future." Wolf provides far more ambitious and comprehensive plans for reform than any currently being implemented. Written with all the intellectual command and trenchant judgment that have made Martin Wolf one of the world's most influential economic commentators, The Shifts and the Shocks matches impressive analysis with no-holds-barred criticism and persuasive prescription for a more stable future. It is a book no one with an interest in global affairs will want to neglect. "--
_cProvided by publisher.
520 _a"The book identifies the origin of the crisis in the complex interaction between globalization, hugely destabilizing global imbalances and our dangerously fragile financial system. In the eurozone, these sources of instability were multiplied by the tragically defective architecture of the monetary union. It also shows how much of the orthodoxy that shaped monetary and financial policy before the crisis occurred was complacent and wrong. In doing so, it mercilessly reveals the failures of the financial, political and intellectual elites who ran the system. The book also examines what has been done to reform the financial and monetary systems since the worst of the crisis passed. "Are we now on a sustainable course?" Wolf asks. "The answer is no." He explains with great clarity why "further crises seem certain" and why the management of the eurozone in particular "guarantees a huge political crisis at some point in the future." Wolf provides far more ambitious and comprehensive plans for reform than any currently being implemented"--
_cProvided by publisher.
504 _aIncludes bibliographical references (pages 401-425) and index.
650 0 _aFinancial crises.
650 0 _aGlobal Financial Crisis, 2008-2009.
650 0 _aInternational finance.
650 0 _aEconomic development.
650 0 _aMonetary policy.
650 0 _aEconomic policy.
650 7 _aBUSINESS & ECONOMICS / Economics / Macroeconomics.
_2bisacsh
650 7 _aBUSINESS & ECONOMICS / International / Economics.
_2bisacsh
948 _au378985
949 _aHB3722 .W63 2014
_wLC
_c1
_hEY8Z
_i33039001337285
596 _a1
903 _a27045
999 _c27045
_d27045