This book examines the banking crisis of July/August 2007 and its ensuing after-effects in 2008-2009: economic crisis, credit crunch, massive recapitalization of some banks and nationalization of other banks. The author offers his views on the factors which led to this global financial catastrophe and how it could have been avoided. INDICE: List of Tables and Figures - Preface - PART I: MONEY - The Destruction of the American Dream - Macroeconomic Crises - Money Supply and Inflation- The Cost of Money - PART II: DEBT - Leverage Can Be Highly Counterproductive - Asset Allocation, Credit Regulation and Banking Supervision - PART III: CASE STUDIES - Household Debt and the Housing Markets Debacle - Mea Culpa and the Abuse of Virtual Economy's Freedoms - The G-20 Conference, Central Banks andGarbage Collection - Trillion of Dollars, Euros and Pounds Thrown at the Problem - Notes - Bibliography - Index
- ISBN: 978-0-230-23346-1
- Editorial: Palgrave Macmillan
- Encuadernacion: Cartoné
- Páginas: 288
- Fecha Publicación: 08/07/2009
- Nº Volúmenes: 1
- Idioma: Inglés