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Lost Decades: The Making of America's Debt Crisis and the Long Recovery - Couverture souple

Chinn, Menzie D.; Frieden, Jeffry A.

 
9780393344103: Lost Decades: The Making of America's Debt Crisis and the Long Recovery
Couverture souple
ISBN 10 : 039334410X ISBN 13 : 9780393344103
Editeur : WW Norton & Co, 2012

Synopsis

This lucid explanation of the origins and long-term effects of the recent financial crisis draws on historical and comparative perspective by two leading political economists. By 2008 the United States had become the biggest international borrower in world history, with almost half of its $6 trillion federal debt in foreign hands. The proportion of foreign loans to the size of the economy put the United States in league with Mexico, Pakistan and other third-world debtor nations. The massive inflow of foreign funds financed the booms in housing prices and consumer spending that fuelled the economy until the collapse of late 2008. Menzie D.Chinn and Jeffry A. Frieden explain the political and economic roots of this crisis as well as its long-term effects. They explore the political strategies behind the Bush administration's policy of funding massive deficits with the foreign borrowing. They show that the crisis was foreseen by many and was avoidable through appropriate policy measures. They examine the continuing impact of the United States' huge debt on the continuing slow recovery from the recession. Lost Decades will long be regarded as the standard account of the crisis and its aftermath.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l'auteur

Menzie D. Chinn teaches at the University of Wisconsin, Madison and runs the influential blog Econbrowser. Jeffry A. Frieden teaches at Harvard University and is the author of Global Capitalism: Its Fall and Rise in the Twentieth Century. Author blog: www.econbrowser.com

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
WW Norton & Co
Date d'édition
2012
Langue
anglais
ISBN 10 
039334410X
ISBN 13 
9780393344103
Reliure
Broché
Nombre de pages
306
Coordonnées du fabricant
non disponible
Personne responsable
gpsr@libri.de
gpsr@libri.de

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