From financial crisis to global recovery / Padma Desai.

Format:

Book

Author/Creator:

Desai, Padma.

Language:

English

Subjects (All):

Global Financial Crisis, 2008-2009.

Financial crises--United States.

Financial crises.

Recessions--United States.

Recessions.

United States--Economic conditions--2009-.

United States.

United States--Economic policy--2009-.

Physical Description:

1 online resource (273 p.)

Place of Publication:

New York : Columbia University Press, c2011.

Language Note:

English

Summary:

In this book, Padma Desai makes the complexities of economic policy and financial reform accessible to a wide audience. Merging a compelling narrative with scholarly research, she begins with a systematic breakdown of the factors leading to America's recent recession, describing the monetary policy, tax practices, subprime mortgage scandals, and lax regulation that contributed to the crisis. She also discusses the Treasury-Fed rescue deals that saved several financial institutions and the involvement of Congress in passing restorative policies. Desai follows with an analysis of stress tests and other economic measures, and she frankly assesses whether the U.S. economy is truly on the mend. Expanding her view, she considers the prospects for recovery in North America as a whole, as well as in Europe, Asia, and South America, and the extent and value of U.S. and E.U. regulatory proposals. Refocusing on American financial practices, Desai evaluates hedge funds and derivatives, credit default swaps, and rating agencies, pondering whether the dollar can remain a reserve currency. She concludes with a historical comparison of the Great Depression and the Great Recession, weighing the effect of the economic collapse on the future of American capitalism.

Contents:

Financial crisis origin

Banking sector stress tests: United States versus the European Union

Is the U.S. economy on the mend?

Global recovery prospects: North America and Europe, Asia, and South America

Hedge funds and derivatives, credit default swaps, and rating agencies

U.S. and EU regulatory proposals: how strict? How cooperative?

Will the dollar remain a reserve currency?

The Great Depression and the current financial crisis

The future of American capitalism.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9786613094056

9781283094054

1283094053

9780231527743

0231527748

OCLC:

727325966