From financial crisis to global recovery
By: Padma Desai
Publisher: Columbia University Press
Published: 2011
Place of publication: New York
Language: eng
Number of pages: 254
ISBN-13: 9780231157865; 9780231527743
Subjects: Economic policy; Financial crises; Recessions; Global Financial Crisis, 2008-2009; Economic conditions
Description: This book is about the complexities of economic policy and financial reform. It 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. It also discusses the Treasury-Federal Reserve rescue deals that saved several financial institutions and the involvement of Congress in passing restorative policies. An analysis of stress tests and other economic measures follows, as well as an assessment of whether the U.S. economy is truly on the mend.
Notes: Includes bibliographical references and index.
Table of contents: title: Financial crisis origin; title: Banking sector stress tests: United States versus the European Union; title: Is the U.S. economy on the mend?; title: Global recovery prospects: North America and Europe, Asia, and South America; title: Hedge funds and derivatives, credit default swaps, and rating agencies; title: U.S. and EU regulatory proposals: how strict? How cooperative?; title: Will the dollar remain a reserve currency?; title: The Great Depression and the current financial crisis; title: The future of American capitalism.