Fixing Global Finance

Fixing Global Finance

Description

The latest book from Financial Times columnist Martin Wolf explains why global imbalances cause financial crises-including the one ravaging the United States right now-and outlines the steps for ending this destructive cycle. Reviewing global financial crises since 1980, Wolf lays bare the links between the microeconomics of finance and the macroeconomics of the balance of payments, demonstrating how the subprime lending crisis in the United States fits into a pattern that includes the economic shocks of 1997, 1998, and early 1999 in Latin America, Russia, and Asia. He explains why the United States is now the "borrower and spender of last resort," makes the case that this is an untenable arrangement, and argues that global economic security depends on the ability of emerging economies to develop robust financial systems based on domestic currencies. Sharply and clearly argued, Wolf's prescription for fixing global finance illustrates why he has been described as "the world's preeminent financial journalist."

Download Fixing Global Finance (9780801890482).pdf, available at andyharris08.org for free.

Details

Author(s)
Martin Wolf
Format
Hardback | 248 pages
Dimensions
152 x 229 x 23mm | 476g
Publication date
03 Mar 2009
Publisher
JOHNS HOPKINS UNIVERSITY PRESS
Publication City/Country
Baltimore, MD, United States
Language
English
Illustrations note
71 Line drawings, black and white
ISBN10
0801890489
ISBN13
9780801890482
Bestsellers rank
1,367,011