Get 40% off print & eBooks in Business, Economics, Finance & Management! Ends Oct 17, 2018

The Global Financial Crisis in Retrospect

Evolution, Resolution, and Lessons for Prevention

Authors: Elson, Anthony

  • Examines the financial practices, economic policies, and regulatory frameworks that supported the buildup and transition to the crisis
  • Analyzes the key challenges for macroeconomic policy and regulatory practice in the wake of the crisis 
  • Identifies specific lessons to guide effective reforms that will minimize the risk of similar crises in the future
see more benefits

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-1-137-59750-2
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $139.99
price for USA
  • ISBN 978-1-137-59749-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book provides a uniquely comprehensive explanation of the 2008-2009 global financial crisis and resulting scholarly research in the context of building an agenda for reform. With the clarity provided by almost a decade of hindsight and a careful eye toward planning for prevention, Elson guides readers through both historical fact and scholarly interpretation, highlighting areas where careful critique of and changes in the international financial architecture and the mainstream macroeconomic paradigm can promote greater financial stability in the future. Given the great public concern over growing income and wealth inequality, the book examines their links to the increased financialization of the economy, both prior to and since the crisis. Finally, the book identifies a number of lessons that need to be recognized if adequate and effective reforms are to be introduced to avoid a financial crisis of similar magnitude in the future. 

Comprehensive enough for university students and sufficiently innovative for financial policymakers, this book will appeal to a wide range of readers interested in understanding not just where the crisis has brought us, but what key economists have said about it and how we can strengthen our financial system oversight to deal with the continuing challenges of globalization.

About the authors

Anthony Elson is an international economist, writer, and university lecturer in the Washington, DC, area. For a number of years, he was a senior staff member of the International Monetary Fund and consultant with the World Bank. He has also taught at the Duke Center for International Development, the Paul H. Nitze School for Advanced International Studies at Johns Hopkins University, and Yale University.

Reviews

“Elson … offers a study of the aforementioned crisis, which was triggered by the subprime mortgage market. … the book ably reflects a technocrat’s vision of progressively integrated international financial systems and governance. … A thorough, authoritative postmortem, highly recommended for professional economists, scholars, and university students.” (Kirkus Reviews,  kirkusreviews.com, March, 2017)


Table of contents (9 chapters)

  • Introduction

    Elson, Anthony

    Pages 1-18

  • The Financial Crisis of 2008–09: Fragile Banking, Economic Bust and Deflationary Consequences

    Elson, Anthony

    Pages 19-43

  • Why Did Economists Get It So Wrong?

    Elson, Anthony

    Pages 45-69

  • The Challenge for Macroeconomic Policy in the Wake of the Crisis

    Elson, Anthony

    Pages 71-111

  • The Role of the International Financial Architecture Prior to and Since the Global Financial Crisis

    Elson, Anthony

    Pages 113-146

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-1-137-59750-2
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $139.99
price for USA
  • ISBN 978-1-137-59749-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Loading...

Bibliographic Information

Bibliographic Information
Book Title
The Global Financial Crisis in Retrospect
Book Subtitle
Evolution, Resolution, and Lessons for Prevention
Authors
Copyright
2017
Publisher
Palgrave Macmillan US
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-137-59750-2
DOI
10.1057/978-1-137-59750-2
Hardcover ISBN
978-1-137-59749-6
Edition Number
1
Number of Pages
XV, 255
Number of Illustrations and Tables
12 illustrations in colour
Topics