Financial stability in the aftermath of the 'Great Recession' [electronic resource] /
Arestis, P.author.
Karakitsos, E.author.
The financial crisis and the ensued 'great recession' are primarily caused by the excessive liquidity that was created in the last thirty years or so of inequality that benefited greatly the financial sector, deregulation and financial liberalisation as well as financial innovation.
Bibliographic Level Mode of Issuance: Monograph
Includes bibliographical references and index.
Introduction -- Origins of the Great Recession -- The theoretical framework that underpins the origins of the Great Recession -- Too much liquidity : the source of the trouble -- Anaemic recovery : the US housing market and the consumer -- Anaemic recovery : the vicious circle of investment and consumption -- The sovereign debt crisis -- Lessons from the great recession for both theory and economic policy -- Financial stability and proposals to restore it.
The financial crisis and the ensued 'great recession' are primarily caused by the excessive liquidity that was created in the last thirty years or so of inequality that benefited greatly the financial sector, deregulation and financial liberalisation as well as financial innovation.
Economic theory.
Macroeconomics.
International economics.
Microeconomics.
Economic Theory/Quantitative Economics/Mathematical Methods.
Macroeconomics/Monetary Economics//Financial Economics.
International Economics.
Microeconomics.