Title: Against the consensus : reflections on the great recession /
Authors: Lin, Justin Yifu, 1952-
Year: 2013
Subjects: Global Financial Crisis, 2008-2009; Recessions History; Finanzkrise.; Rezession; Wirtschaftspolitik; China Economic policy.; China
Abstract: Based on his experience as Chief Economist of the World Bank, Justin Yifu Lin offers unique reflections on the causes and consequences of the problems in the global economy. He suggests new policy proposals for avoiding another recession, including a global Marshall Plan and a new supranational global reserve currency.
Contents: Preface -- Overview -- Part I. What Caused the 2008-9 Global Crisis?: 1. The world economy and the 2008-9 crisis -- 2. The real causes of the crisis -- 3. Financial deregulation and the housing bubble -- 4. What's wrong with the Eurozone -- 5. Why China's reserves rose so much -- Part II. A Win-Win Path to Recovery: 6. Infrastructure investments: beyond Keynesianism -- 7. A massive global infrastructure initiative -- Part III. How Poor Countries Can Catch up: Flying Geese and Leading Dragons: 8. The mystery of the great divergence -- 9. The mechanics and benefits of structural change -- 10. Lessons from the failures and successes of structural transformation -- 11. Unique opportunities for poor countries -- Part IV. Toward a Brave New World Monetary System: 12. The evolution of the international monetary system -- 13. Emerging pressures and policy challenges -- 14. (In)stability of the emerging multiple reserve currency system -- 15. The thinking behind the main reform proposals -- 16. Costs and benefits of major reform proposals -- 17. A proposal for a new global reserve currency: paper gold ('p-gold') -- 18. Why it still matters -- References -- Index.