Against the Consensus: Reflections on the Great Recession

Against the Consensus: Reflections on the Great Recession

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.

Country	USA
Author	Justin Yifu Lin
Binding	Hardcover
Brand	Brand: Cambridge University Press
EAN	9781107038875
Edition	1st Edition
Feature	Used Book in Good Condition
ISBN	1107038871
IsEligibleForTradeIn	1
Label	Cambridge University Press
Manufacturer	Cambridge University Press
NumberOfItems	1
NumberOfPages	273
PublicationDate	2013-08-26
Publisher	Cambridge University Press
Studio	Cambridge University Press
ReleaseDate	0000-00-00

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