Title: Modern financial crises : Argentina, United States and Europe /
Authors: Moro, Beniamino, 1945-; Beker, Víctor A.
Year: 2016
Subjects: Financial crises Argentina; Financial crises United States; Financial crises Europe
Abstract: "This book is devoted to the analysis of the three main financial crises that have marked this century: 2001 Argentina's defaulting on its external debt, the American subprime crisis in 2008, and the current European debt crisis in Europe. The book pursues three major objectives: firstly, to accurately portray these three financial crises; secondly, to analyze what went wrong with mainstream economic theory, which was unable to foresee these types of economic turmoil; and thirdly, to review macroeconomic theory, re-evaluating Keynes' original contribution to economic analysis and pointing out the need to rebuild macroeconomics with a view to studying economic illness rather than trying to prove the non-existence of economic problems." -- Back cover.
Contents: 1. The core characteristics of financial crises -- 2. Argentina's debt crisis -- 3. The American financial crisis -- 4. The run on repo and the policy interventions to struggle the great crisis -- 5. from the American financial meltdown to the European banking and public debt crises -- 6. The European crisis and the accumulation of TARGET2 imbalances -- 7. The European debt crisis -- 8. The theoretical debate on the great crisis -- 9. From the economic crisis to the crisis of economics -- 10. Rethinking macroeconomics in light of the great crisis -- 11. Current issues and policies -- 12. Open problems and conclusions.