Against the Consensus
eBook - PDF

Against the Consensus

Reflections on the Great Recession

  1. English
  2. PDF
  3. Available on iOS & Android
eBook - PDF

Against the Consensus

Reflections on the Great Recession

About this book

In June 2008, Justin Yifu Lin was appointed Chief Economist of the World Bank, right before the eruption of the worst global financial and economic crisis since the Great Depression. Drawing on experience from his privileged position, Lin offers unique reflections on the cause of the crisis, why it was so serious and widespread, and its likely evolution. Arguing that conventional theories provide inadequate solutions, he proposes new initiatives for achieving global stability and avoiding the recurrence of similar crises in the future. He suggests that the crisis and the global imbalances both originated with the excess liquidity created by US financial deregulation and loose monetary policy, and recommends the creation of a global Marshall Plan and a new supranational global reserve currency. This thought-provoking book will appeal to academics, graduate students, policy makers, and anyone interested in the global economy.

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Yes, you can access Against the Consensus by Justin Yifu Lin in PDF and/or ePUB format, as well as other popular books in Economics & Macroeconomics. We have over one million books available in our catalogue for you to explore.

Information

Publisher
Cambridge University Press
Year
2013
Print ISBN
9781107038875
eBook ISBN
9781107288010
Topic
Economics
Subtopic
Macroeconomics
Index
Economics

Table of contents

  1. Cover
  2. Contents
  3. List of Figures
  4. List of Tables
  5. List of Boxes
  6. Preface
  7. Overview
  8. Part 1 WhatCausedthe2008–9GlobalCrisis?
  9. Chapter 1 The world economy and the 2008–9 crisis
  10. Chapter 2 The real causes of the crisis
  11. Chapter 3 Financial deregulation and the housing bubble
  12. Chapter 4 What’s wrong with the Eurozone
  13. Chapter 5 Why China’s reserves have risen so much
  14. Part 2 AWin-WinPathtoRecovery
  15. Chapter 6 Infrastructure investments – beyond Keynesianism
  16. Chapter 7 A massive global infrastructure initiative
  17. Part 3 HowPoorCountriesCanCatchUp:FlyingGeeseandLeadingDragons
  18. Chapter 8 The mystery of the great divergence
  19. Chapter 9 The mechanics and benefits of structural change
  20. Chapter 10 Lessons from the failures and successes of structural transformation
  21. Chapter 11 Unique opportunities for poor countries
  22. Part 4 TowardaBraveNewWorldMonetarySystem
  23. Chapter 12 The evolution of the international monetary system
  24. Chapter 13 Emerging pressures and policy challenges
  25. Chapter 14 (In)stability of the emerging multiple reserve currency system
  26. Chapter 15 The thinking behind the main reform proposals
  27. Chapter 16 Costs and benefits of major reform proposals
  28. Chapter 17 A proposal for a new global reserve currency: paper gold (“p-gold”)
  29. Chapter 18 Why it still matters
  30. References
  31. Index