Oil, dollars, debt, and crises : the global curse of black gold / Mahmoud A. El-Gamal, Amy Myers Jaffe.

Format:

Book

Author/Creator:

El-Gamal, Mahmoud A., 1963-

Contributor:

Jaffe, Amy.

Language:

English

Subjects (All):

Petroleum industry and trade.

Petroleum products--Prices.

Petroleum products.

Financial crises.

Physical Description:

xiv, 217 pages : illustrations ; 23 cm

Place of Publication:

Cambridge ; New York : Cambridge University Press, 2010.

Summary:

"Oil, Dollars, Debt, and Crises studies the causes of the current oil and global financial crisis and shows how America's and the world's growing dependence on oil has created a repeating pattern of banking, currency, and energy-price crises. Unlike other books on the current financial crisis, which have focused on U.S. indebtedness and American trade and economic policy, Oil, Dollars, Debt, and Crises shows the reader a more complex picture in which transfers of wealth to and from the Middle East result in a perfect storm of global asset and financial market bubbles, increased unrest, terrorism and geopolitical conflicts, and eventually rising costs for energy. Only by addressing long-term energy policy challenges in the West, economic development challenges in the Middle East, and the investment horizons of financial market players can policy makers ameliorate the forces that have been causing repeating global economic crises"--Provided by publisher.

Contents:

Machine generated contents note: 1. The challenges of resource curses and globalization; 2. New Middle East: childhood 1973-84 and adolescence 1985-95; 3. Road to the status quo: 1996-2008; 4. Globalization of Middle East dynamics; 5. Dollars and debt: the end of the dollar era?; 6. Motivations to attack or abandon the dollar; 7. Resource curses, global volatility, and crises; 8. Ameliorating the cycle; Conclusion.

Notes:

Includes bibliographical references (pages 210-215) and index.

ISBN:

9780521720700

0521720702

9780521896146

0521896142

OCLC:

432978287

Online:

Cover image