ENGLISH

Modern Financial Crises: Argentina, United States and Europe

By Beniamino Moro , Victor A. Beker (auth.)

Book information

Publisher
Springer International Publishing
Year
2016
ISBN
978-3-319-20990-6, 978-3-319-20991-3
DOI
10.1007/978-3-319-20991-3
Language
english
Format
PDF
Filesize
4 MB (4043468 bytes)
Series
Financial and Monetary Policy Studies 42
Edition
1
Pages
XVII, 257\261
Time added
2015-11-25 16:51:03
Financial Economics; Macroeconomics/Monetary Econo

Description

This book is devoted to the analysis of the three main financial crises that have marked this century: 2001 Argentina’s defaulting on its external debt, the American subprime crisis in 2008, and the current European debt crisis in Europe. The book pursues three major objectives: firstly, to accurately portray these three financial crises; secondly, to analyze what went wrong with mainstream economic theory, which was unable to foresee these types of economic turmoil; and thirdly, to review macroeconomic theory, re-evaluating Keynes’ original contribution to economic analysis and pointing out the need to rebuild macroeconomics with a view to studying economic illness rather than trying to prove the non-existence of economic problems.

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