Lost Decades - Menzie D. Chinn, Jeffry A. Frieden

Lost Decades

The Making of America's Debt Crisis and the Long Recovery
Buch | Hardcover
304 Seiten
2011
WW Norton & Co (Verlag)
978-0-393-07650-9 (ISBN)
24,85 inkl. MwSt
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Two acclaimed political economists explore the origins and long-term effects of the financial crisis in historical and comparative perspective.
Welcome to Argentina: by 2008 the United States had become the biggest international borrower in world history, with almost half of its 6.4 trillion dollar 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 fueled the economy until the collapse of late 2008.

The authors explore the political and economic roots of this crisis as well as its long-term effects. They explain the political strategies behind the Bush administration's policy of funding massive deficits with the foreign borrowing that fed the crisis. They see the continuing impact of our huge debt in a slow recovery ahead. Their clear, insightful, and comprehensive account will long be regarded as the standard on the crisis.

Menzie D. Chinn teaches at the University of Wisconsin, Madison, and coauthors the influential blog Econbrowser. Jeffry A. Frieden is the Stanfield Professor of International Peace at Harvard University. A specialist on the politics of international financial relations, he is also coauthor, with Menzie Chinn, of Lost Decades, a history of the 2008 financial crisis.

Erscheint lt. Verlag 4.10.2011
Verlagsort New York
Sprache englisch
Maße 165 x 244 mm
Gewicht 480 g
Themenwelt Wirtschaft Betriebswirtschaft / Management Finanzierung
Wirtschaft Volkswirtschaftslehre Finanzwissenschaft
ISBN-10 0-393-07650-4 / 0393076504
ISBN-13 978-0-393-07650-9 / 9780393076509
Zustand Neuware
Informationen gemäß Produktsicherheitsverordnung (GPSR)
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