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Книги Justin Yifu Lin
Against the Consensus: Reflections on the Great Recession
Автор: Justin Yifu Lin
Издательство: Cambridge University Press, 2013
Жанр: Cambridge University Press
Страниц: 273 страницы
Загрузил: wasilisa, 15 декабря 2016
   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 both the crisis and global imbalances originated from 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.
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