Economic crises as a result of distrust / Emilio Gullini, editor.

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Bibliographic Details
Other Authors: Gullini, Emilio
Format: eBook
Language:English
Published: New York : Nova Science Publishers, ©2010.
Series:Global recession--causes, impacts and remedies series.
Subjects:
Online Access:Click for online access
Table of Contents:
  • ECONOMIC CRISES AS A RESULT OF DISTRUST; TABLE OF CONTENTS; PREFACE; CHINESE FOREIGN EXCHANGE INTERVENTIONS; EXECUTIVE SUMMARY; I. INTRODUCTION; II. HOW ECONOMIC FACTORS DETERMINE EXCHANGE RATES AND INTERNATIONAL ACCOUNTS; III. MASSIVE INTERVENTION SINCE 2000; IV. ECONOMIC CONSEQUENCES; A. Effects on China; B. Effects on the United States; V. DANGERS AHEAD; VI. CONCLUSION; APPENDIX: WHAT ARE INTERNATIONAL ACCOUNTS?; End Notes; FINANCIAL CRISIS: LESSONS FROM CHILE; SUMMARY; COMPARING FINANCIAL CRISES; THE CHILEAN BANKING CRISIS OF 1981-84; THE GOVERNMENT RESPONSE; Debt Restructuring.
  • Restoring Bank Balance SheetsRestructuring Distressed Banks; POSSIBLE LESSONS FROM CHILE'S BANK CRISIS; End Notes; FINANCIAL CRISIS: LESSONSFROM SWEDEN; SUMMARY; BACKGROUND; DEREGULATION; THE FINANCIAL CRISIS; LESSONS LEARNED FROM SWEDEN'S EXPERIENCE; End Notes; FINANCIAL MARKET TURMOIL AND U.S. MACROECONOMIC PERFORMANCE; SUMMARY; INTRODUCTION; EVIDENCE OF TIGHTER CREDIT CONDITIONS; THE EFFECT OF TIGHTER CREDIT CONDITIONS ON MACROECONOMIC ACTIVITY; Impact of Tight Credit on Residential Investment; Impact of Tight Credit on Business Investment; Impact of Tight Credit on Consumer Spending.
  • The Effect on Consumer Spending of Falling Asset Values Reducing Household WealthThe Double-Edged Influence of the International Sector on GDP; International Flows of Goods; International Flows of Capital (Assets); AN ESTIMATE OF THE POTENTIAL DRAG ON REAL GDP GROWTH FROM A DIMINISHED FLOW OF CREDIT; A Simulation of the Effect of a Diminished Credit Flow on Real GDP; ECONOMIC POLICY RESPONSES TO THE CREDIT CRISIS; Conventional Macroeconomic Policy; Monetary Policy; Fiscal Policy; The Fed as "Lender of Last Resort"; Extraordinary Measures (Large Scale Intervention); How Will TARP Work?
  • Will TARP Solve the Problem?FORECASTING THE U.S. ECONOMY'S PATHTHROUGH THE FINANCIAL CRISIS; End Notes; FINANCIAL MELTDOWN ANDPOLICY RESPONSE; INTRODUCTION; UNDERLYING CAUSES; INDEPENDENCE IS AN UNSUSTAINABLE BUSINESS MODEL FOR INVESTMENT BANKS; FAIR VALUE ACCOUNTING; INTERVENTION PRINCIPLES; FANNIE MAE AND FREDDIE MAC; LEHMAN BROTHERS; MERRILL LYNCH; AMERICAN INTERNATIONAL GROUP (AIG); FEDERAL RESERVE; FINANCIAL PRECIPICE; Breaking the Buck Causes Runs on Money Market Mutual Funds; BIRTH OF A COMPREHENSIVE PLAN; WEEKEND AND MONDAY DEVELOPMENTS; HEDGE FUNDS; CONCLUSION; End Notes.
  • GOVERNMENT POLICY BLUNDERS AND GLOBAL FINANCIAL CRISISMACROECONOMIC POLICY FACTORS; MICROECONOMIC POLICY FACTORS; UNINTENDED CONSEQUENCES FROMFINANCIAL REGULATIONS; UNINTENDED CONSEQUENCES FROM HOUSING POLICIES PROMOTING HOME OWNERSHIP; MISALIGNED PRIVATE INCENTIVES; METHODOLOGICAL ERRORS; CONCLUSION; End Notes; HOOVER'S LETHAL ECONOMICPOLICY MIX; MONETARY CAUSES OF THE 1920S STOCK MARKET BUBBLE AND ITS POPPING; ACQUIESCENCE IN MONETARY CONTRACTION AND THREE ROUNDS OF BANK FAILURES; CORPORATISM; PROTECTIONISM.