• The 2008 Financial Crisis Impacts on China-- How can the G20 Better Support Global Governance? A Chinese Perspective-- The Chinese Savings Rate: Causes and Implications for Imbalances-- Labor Market Reform, Income Inequality and Economic Growth in China-- Institution, Identity and Consumption Heterogeneity: How Hukou Reduces China's Consumption?-- What Accounts for China's Export Market Performance during the Financial Crisis-- The Global Financial Crisis and China's Trade in Services: Impacts and Trade Policy Responses-- How Much Did China's Exports Drop during the 2008-2009 Financial Crisis?-- Employment versus Wage Adjustment and Revaluation of RMB-- China's Sovereign Wealth Fund as Foreign Reserve Manager: Pre- and Post Crisis-- On Industrial Performance during the Global Recession-- Post-Crisis Infrastructure Investment and Economic Growth in China-- The Effects of China's Stimulus Policies and Their Transmission Channels.
• (source: Nielsen Book Data)9789814401876 20160611

This title intends to set out China's Macro Economic Policies, Trade, Exchange Rate Policy and Reserve Management and Industrial Structure and Performance for both researchers and practitioners in governmental and international agencies.
(source: Nielsen Book Data)9789814401876 20160611

• Heading for a fall
• The global financial crisis
• Regulation and reform
• What more can be done?

The Global Financial Crisis overturned decades of received wisdomon how financial markets work, and how best to keep them in check.Since then a wave of reform and re-regulation has crashed overbanks and markets. Financial firms are regulated as neverbefore. But have these measures been successful, and do they go farenough? In this smart new polemic, former central banker andfinancial regulator, Howard Davies, responds with a resounding no . The problems at the heart of the financial crisisremain. There is still no effective co-ordination of internationalmonetary policy. The financial sector is still too big and, far from protecting the economy and the tax payer, recentgovernment legislation is exposing both to even greater risk. To address these key challenges, Davies offers a radicalalternative manifesto of reforms to restore market discipline andcreate a safer economic future for us all.
(source: Nielsen Book Data)9780745688312 20160618

• Contents: Preface 1. Introduction and Overview Maurice Obstfeld, Dongchul Cho and Andrew Mason PART I: HISTORICAL PERSPECTIVES 2. The Global Financial Crisis: Is It Unprecedented? Michael D. Bordo and John S. Landon-Lane 3. Responses of the Korean Economy to the Global Economic Crisis: Another Currency Crisis? Dongchul Cho PART II: INTERNATIONAL PERSPECTIVES 4. The International Financial Markets and Transmission of the Crisis: Determinants of Exchange Market Pressure and Absorption by International Reserves Joshua Aizenman and Michael Hutchison 5. How Did Korean Financial Markets Get Infected by the Global Financial Crisis? Hangyong Lee and Min-Kyu Song 6. Imbalances, Overheating, and the Prospects for Global Recovery Menzie D. Chinn 7. The Great Trade Collapse and Contraction of Exports from Korea during the Global Crisis Hangyu Lee PART III: POLICY PERSPECTIVES 8. Macroeconomic and Financial Policies Before and After the Crisis Barry Eichengreen 9. Macroeconomic Policies of Korea to Cope with the Crisis Hyeon-Wook Kim 10. Are All Emerging Market Crises Alike? Marcos Chamon, Atish Ghosh and Jun Il Kim 11. Structural Fundamentals of Korean Corporations: This Time Was Different Kyung-Mook Lim.
• (source: Nielsen Book Data)9781781006290 20160610

In 2008, the global economy experienced the most severe crash since World War II. A sharp collapse in international trade followed, leaving no country on the globe immune to a sequence of economic shocks. This timely book explores many of the key issues raised in the wake of the global economic crisis and provides an in-depth analysis of crisis transmission to emerging markets. The expert contributors compare the recent crisis with earlier crises, explore international aspects of the crisis from the perspectives of markets and trade, and examine macroeconomic policy responses. In so doing, they address important questions including: How did this crisis differ from those suffered previously? How and why did flaws in financial markets contribute to the crisis? How important were global imbalances and global overheating in explaining the global meltdown? Did different pre-crisis fundamentals generate different post-crisis performances? And, how severe were the economic shocks to countries such as Korea and other emerging economies? Academics, students and policymakers in the fields of economics, international economics, finance money and banking and Asian studies will find this book to be a thought-provoking and stimulating read.
(source: Nielsen Book Data)9781781006290 20160610

• Contents: 1. Introduction: Understanding Neoliberalism Beyond the Free Market Lindy Edwards, Damien Cahill and Frank Stilwell PART I: INTERPRETING NEOLIBERALISM 2. Neoliberalism, Interrupted Jamie Peck, Neil Brenner and Nik Theodore 3. The Crisis of Neoliberalism as a Stepwise Process: From the Great Contraction to the Crisis of Sovereign Debts Gerard Dumenil and Dominique Levy 4. Neoliberalism and the State Martijn Konings PART II: EXAMINING (IN)COHERENCE 5. Free Economy, Strong State Mitchell Dean 6. Neoliberalism through the Lens of 'Embeddedness' Joy Paton 7. The Embedded Neoliberal Economy Damien Cahill PART III: EXPLORING NEOLIBERAL PRACTICE 8. Still Stalled on the Road to Neoliberal Globalization? The Endurance of National Varieties of Capitalism John Mikler 9. The Australian Variant of Neoliberal Capitalism Lynne Chester 10. Ideas and Industrial Governance: Has the Influence of Neoliberalism been Overstated? Elizabeth Thurbon 11. Markets with Equity? Lessons from Australia's Third Way Response to Neoliberalism Benjamin Spies-Butcher PART IV: LOOKING BACK, LOOKING FORWARD 12. The Strange Death of Neoliberalism: The Case of the Missing Corpse Bill Dunn 13. The Future of Neoliberalism J.E. King Index.
• (source: Nielsen Book Data)9781781002346 20160614

In this timely book, leading scholars of neoliberalism, together with emerging researchers from a range of intellectual traditions, reflect upon the nature of neoliberalism in light of the recent and ongoing global financial crisis. What emerges is an enlightening picture of the diversity of neoliberalism. The complex relationships between theory and practice are highlighted as the contributors recognize the need to move beyond the commonplace notion that neoliberalism is simply a system of free markets. Topical chapters examine the implications of the current crisis for neoliberalism, the likelihood of alternatives and how these might arise. Presenting a range of different theoretical approaches to understanding neoliberalism, this book will appeal to academics in the fields of political economy, political science, public policy, human geography, international studies, sociology and regulation studies. Graduate and senior undergraduate students in these fields will also find much to interest them.
(source: Nielsen Book Data)9781781002346 20160614

In this short book, Robert Barro, one of the world's leading economists, examines the causes and consequences of the financial crash. In particular, he looks at the effects of fiscal stimulus packages and suggests that, whilst they may lead to an immediate positive impact on growth, the effect will quickly wear off and the effect of the so-called stimulus packages will then be negative. These are important observations given the pressure that Western governments are under to increase government borrowing in the face of slowing growth rates. The author moves on to discuss what he believes will be the next crisis - a crisis of government indebtedness. This publication is based on a lecture given in July 2011 and such a crisis has, indeed, unfolded. However, Professor Barro expects that this crisis will not be confined to the Eurozone. For example, US states are failing to deal with the problems of both explicit debt and future pensions and social insurance obligations. The author concludes with suggestions as to how governments should deal with these growing problems. This publication should be of interest to all who want to understand the wider economic implications of the financial crisis and the policy response to that crisis.
(source: Nielsen Book Data)9780255366571 20160607

• Contents: Introduction A"scar Dejuan, Eladio Febrero and Maria Cristina Marcuzzo PART I: ECONOMISTS ON TRIAL 1. Who Predicted the Crisis and What Can We Learn from Them? Dirk J. Bezemer 2. A Brief Note on Economic Recessions, Banking Reform and the Future of Capitalism Jesus Huerta de Soto 3. Understanding Crisis: On the Meaning of Uncertainty and Probability Ekaterina Svetlova and Matthias Fiedler 4. Financial Crisis and Risk Measurement: The Historical Perspective and a New Methodology Gumersindo Ruiz and Ramon Trias 5. Did Economic Analysis Fail in the Current Financial Crisis? Julio Segura PART II: WHAT DOES HISTORY TELL US? 6. Does the Current Global Crisis Remind us of the Great Depression? Sunanda Sen 7. Innovation, Growth, Cycles and Finance: Three (or Four or More) Stories from the 1930s and their Lessons Catherine P. Winnett and Adrian B. Winnett 8. Epic Recession and Economic Theory Jack Rasmus 9. Did Asset Prices Cause the Current Crisis? Edith Skriner 10. The Role of the History of Economic Thought in the Development of Economic Theory and Policy Steven Kates PART III: COUNTRY CASES IN A GLOBAL CRISIS 11. Testimony to the Financial Crisis Inquiry Commission by Alan Greenspan Editorial note 12. Long Term Depression and New Markets: Economists and the 2008 Recession Davide Gualerzi 13. Manifestations of the Global Crisis in a Small Open Economy Ivars Brivers 14. The Aftermath of a Long Decade of Real Nil Interest Rates (Spain 1996-2008) A"scar Dejuan and Eladio Febrero.
• (source: Nielsen Book Data)9781849807456 20160606

The 2008-10 financial crisis and the global recession it created is a complex phenomenon that warrants detailed examination. The various essays in this book utilise several alternative paradigms to provide a plausible explanation and a credible cure. Great detail is given to this important analysis from different theoretical perspectives, presenting a clearer understanding of what went wrong and expounding misinterpretations of current theories and practices. Fourteen insightful chapters by eminent scholars investigate the background of the crisis and draw lessons for economic theory and policy. They largely illustrate that the roots of the recession lie in the financial sector which, over the past few decades, has expanded considerably in terms of both size and complexity. They show that financial innovation has decoupled the real and financial sectors - not always to the benefit of economic stability - and argue that financial markets should be regulated more astutely in order to reinforce transparency and accountability. The book concludes that economics as a science should give proper weight to financial variables and integrate them into its models. This fascinating and thought-provoking volume will prove a challenging read for academics, students and researchers in the fields of economics, money, finance and banking, and the history of economics. It will also prove invaluable for economic policymakers at all levels.
(source: Nielsen Book Data)9781849807456 20160606

• 1. Introduction: The Global Financial Crisis: Introduction and Overview M. P. Taylor 2. What were They Thinking? Reports from Interviews with Senior Finance Executives in the Lead-Up to the GFC L. Coleman and S. Pinder 3. How Did the Fed Do? An Empirical Assessment of the Fed's New Initiatives in the Financial Crisis A. Mamun, M. K. Hassan and M. Johnson 4. The Put Problem with Buying Toxic Assets L. Wilson 5. Global Financial Crisis and US Interest Rate Swap Spreads T. Ito 6. Were there Warning Signals from Banking Sectors for the 2008/2009 Global Financial Crisis? J. L. Simpson 7. Extreme Value Modelling for Forecasting Market Crisis Impacts X. Zhao, C. Scarrott, L. Oxley and M. Reale 8. The Correlation Structure of FX Option Markets Before and Since the Financial Crisis G. Chalamandaris and A. E. Tsekrekos 9. Global Capital Market Interdependence and Spillover Effect of Credit Risk: Evidence from the 2007-2009 Global financial crisis W. Cheung, S. Fung and S.-C. Tsai 10. A simple model of trading and Pricing Risky Assets Under Ambiguity: Any Lessons for Policymakers? M. Guidolin and F. Rinaldi 11. Comparing the Performance of Relative Stock Return Differential and Real Exchange Rate in Two Financial Crises D. K. T. Wong and K.-W. Li 12. Permanent and Transitory Dynamics in House Prices and Consumption: Some Implications for the Real Effects of the Financial Crisis F. C. Bagliano and C. Morana 13. Another Consequence of the Economic Crisis: A Decrease in Migrants' Remittances I. Ruiz and C. Vargas-Silva.
• (source: Nielsen Book Data)9780415589147 20160606

The global financial crisis has sent shockwaves through the world's economies, and its effects have been deep and wide-reaching. This book brings together a range of applied studies, covering a range of international and regional experience in the area of finance in the context of the global downturn. The volume includes an exploration of the impact of the crisis on capital markets, and how corporate stakeholders need to be more aware of the decision-making processes followed by corporate executives, as well as an analysis of the policy changes instituted by the Fed and their effects. Other issues covered include research into the approach of solvent banks to toxic assets, the determinants of US interest rate swap spreads during the crisis, a new approach for estimating Value-at-Risk, how distress and lack of active trading can result in systemic panic attacks, and the dynamic interactions between real house prices, consumption expenditure and output. Highlighting the global reach of the crisis, there is also coverage of recent changes in the cross-currency correlation structure, the costs attached to global banking financial integration, the interrelationships among global stock markets, inter-temporal interactions between stock return differential relative to the US and real exchange rate in the two most recent financial crises, and research into the recent slowdown in workers' remittances. This book was published as a special issue of Applied Financial Economics.
(source: Nielsen Book Data)9780415589147 20160606

Bored with endless grandstanding and people being wise after the event? Then The Age of Instability is the one book you should read on the financial crisis. Setting the near collapse of the international financial markets and banking system in a global and historical context, Sunday Times economics editor and bestselling author David Smith looks not only at the political and economic factors that contributed to the fall of Lehmans, collapse of Iceland and disintegration of the subprime mortgage market but also at the emergence of a culture of risk and greed that made it possible to believe that greed was good and the good times would last forever. It provides an authoritative yet accessible guide to what happened, where, and when with practical suggestions for what needs to happen next.
(source: Nielsen Book Data)9781847651914 20160604
The near-collapse of the global banking system was not supposed to happen. In an era of financial globalisation and sophisticated modelling of risk, the manias, panics and crashes of the past had apparently become historical curiosities. Financial derivatives were based on the idea that parcelling up loans and selling them to a wide range of investors across the globe would spread risk - Alan Greenspan said so. Instead these instruments amplified such risk and produced the biggest collapse of financial confidence in the modern era. The apparent ushering in of a new and more uncertain era which looks set to last beyond the immediate crisis has created a sense of panic. And just as there is nothing new in the nature of the panic - except for its scale and global reach - so there is little new in these kinds of shifts in the economic environment. In this bold and cohesive book David Smith asks how did an apparently clear blue economic sky mask the approaching ferocious storm.
(source: Nielsen Book Data)9781846683107 20160604

The dominant accounts of the current financial crisis - focussing on the lack of regulation, out-of-control markets and irresponsible speculation - have not offered us much beyond the kind of information that we can glean from newspaper headlines. This book, drawing on some of the most prominent radical analysts of the system, from Walden Bello to Barbara Ehrenreich, digs deeper, foregrounding the key questions that are still waiting to be asked. Viewing the crisis as a product of the social order that was built during the era of neoliberal capitalism, it presents a more complete and convincing account of its origins, development and consequences. The contributors assess current events and political responses, critically examining official rhetoric and hegemonic narratives to point the way to an understanding of the crisis beyond the subprime headlines.
(source: Nielsen Book Data)9781844674312 20160604

• From Berlin Wall to Wall Street-- A Tale of Two Crises-- Insights from Japan's Lost DecadeA"-- Special Features of the Crisis-- Bonfire of Financial Excesses-- Moral Economy-- New Financial Landscape?-- The World is Round-- Don't Waste the Crisis.
• (source: Nielsen Book Data)9789814313407 20160604

Many books on the 2008 financial crisis and the current recession focus on the financial sector. Unlike them, this book takes the real economy as the starting point and it situates the downturn within the societal context over the last several decades. Important elements of the story include global manufacturing overcapacity and declining profitability, failure of advanced industrial economies to make a quantum jump in discoveries and innovations across a broad range of technologies, ascent of neo-liberalism after the fall of the Berlin Wall, the Asian financial crisis, the Japanese lost decade, and the dot-com boom. This provides the backdrop of the birth of a market society, deregulation, easy credit, and financial excesses. The financial crisis reveals much that has gone astray in the business world over the last few decades - short term thinking, manipulation of figures and image management at the cost of the basics. The financial sector has become an arena for accounting shenanigans and corporate skullduggery. It is also a symptom of deeper social and cultural change. Crisis of a very serious nature functions as a cleansing exercise. Already we have seen debates which re-examine values and ideas, state policy and business practices. If the world could rise to the challenge, history will view the crisis as a blessing in disguise and thus render it in positive terms.
(source: Nielsen Book Data)9789814313407 20160604

• List of Tables and Figures Preface PART I: MONEY The Destruction of the American Dream Macroeconomic Crises Money Supply and Inflation The Cost of Money PART II: DEBT Leverage Can Be Highly Counterproductive Asset Allocation, Credit Regulation and Banking Supervision PART III: CASE STUDIES Household Debt and the Housing Markets Debacle Mea Culpa and the Abuse of Virtual Economy's Freedoms The G-20 Conference, Central Banks and Garbage Collection Trillion of Dollars, Euros and Pounds Thrown at the Problem Notes Bibliography Index.
• (source: Nielsen Book Data)9780230233461 20160604

This book examines the banking crisis of July/August 2007 and its ensuing after-effects in 2008-2009: economic crisis, credit crunch, massive recapitalization of some banks and nationalization of other banks. The author offers his views on the factors which led to this global financial catastrophe and how it could have been avoided.
(source: Nielsen Book Data)9780230233461 20160604