Systemic Fragility in the Global Economy PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Systemic Fragility in the Global Economy PDF full book. Access full book title Systemic Fragility in the Global Economy by Dr, Jack Rasmus. Download full books in PDF and EPUB format.
Author: Dr, Jack Rasmus
Publisher: SCB Distributors
ISBN: 0986076937
Category : Business & Economics
Languages : en
Pages : 200
Get Book
Book Description
Just as contemporary economics failed to predict the 2008-09 crash, and over-estimated the subsequent brief recovery that followed, economists today are again failing to accurately forecast the slowing global economic growth, the growing fragility, and therefore rising instability in the global economy. This book offers a new approach to explaining why mainstream economic analyses have repeatedly failed and why fiscal and monetary policies have been incapable of producing a sustained recovery. Expanding upon the early contributions of Keynes, Minsky and others, it offers an alternative explanation why the global economy is slowing long term and becoming more unstable, why policies to date have largely failed, and why the next crisis may therefore prove even worse than that of 2008- 09. Systemic fragility is rooted in 9 key empirical trends: slowing real investment; a drift toward deflation; money, credit and liquidity explosion; rising levels of global debt; a shift to speculative financial investing; the restructuring of financial markets to reward capital incomes; the restricting of labor markets to lower wage incomes; the failure of Central Bank monetary policies; and the ineffectiveness of fiscal policies. It results from financial, consumer, and government balance sheet fragilities exacerbating each other -- creating a massive centripetal force disaggregating and tearing apart the whole, untameable by either fiscal or monetary means. This book clarifies how the price system in general, and financial asset prices in particular, transform into fundamentally destabilizing forces under conditions of systemic fragility. It explains why the global system has in recent decades become dependent upon, and even addicted to, massive liquidity injections, and how fiscal policies have been counterproductive, exacerbating fragility and instability. Policymakers’ failure to come to grips with how fundamental changes in the structure of the 21st century global capitalist economy—in particular in financial and labor market structures—make the global economy more systemically fragile can only propel it toward deeper instability and crises.
Author: Dr, Jack Rasmus
Publisher: SCB Distributors
ISBN: 0986076937
Category : Business & Economics
Languages : en
Pages : 200
Get Book
Book Description
Just as contemporary economics failed to predict the 2008-09 crash, and over-estimated the subsequent brief recovery that followed, economists today are again failing to accurately forecast the slowing global economic growth, the growing fragility, and therefore rising instability in the global economy. This book offers a new approach to explaining why mainstream economic analyses have repeatedly failed and why fiscal and monetary policies have been incapable of producing a sustained recovery. Expanding upon the early contributions of Keynes, Minsky and others, it offers an alternative explanation why the global economy is slowing long term and becoming more unstable, why policies to date have largely failed, and why the next crisis may therefore prove even worse than that of 2008- 09. Systemic fragility is rooted in 9 key empirical trends: slowing real investment; a drift toward deflation; money, credit and liquidity explosion; rising levels of global debt; a shift to speculative financial investing; the restructuring of financial markets to reward capital incomes; the restricting of labor markets to lower wage incomes; the failure of Central Bank monetary policies; and the ineffectiveness of fiscal policies. It results from financial, consumer, and government balance sheet fragilities exacerbating each other -- creating a massive centripetal force disaggregating and tearing apart the whole, untameable by either fiscal or monetary means. This book clarifies how the price system in general, and financial asset prices in particular, transform into fundamentally destabilizing forces under conditions of systemic fragility. It explains why the global system has in recent decades become dependent upon, and even addicted to, massive liquidity injections, and how fiscal policies have been counterproductive, exacerbating fragility and instability. Policymakers’ failure to come to grips with how fundamental changes in the structure of the 21st century global capitalist economy—in particular in financial and labor market structures—make the global economy more systemically fragile can only propel it toward deeper instability and crises.
Author: Harald A. Benink
Publisher: Springer Science & Business Media
ISBN: 1475723733
Category : Business & Economics
Languages : en
Pages : 290
Get Book
Book Description
Coping with Financial Fragility and Systemic Risk identifies and discusses the sources of perceived fragility in financial institutions and markets and its potential consequences throughout the economy. It then examines private sector solutions for dealing with systemic risk and mitigating the consequences. Finally, the book examines regulatory solutions to these problems.
Author: Ian Goldin
Publisher:
ISBN: 9780691154701
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 0
Get Book
Book Description
The Butterfly Defect addresses the widening gap between systemic risks and their effective management. It shows how the new dynamics of turbo-charged globalization has the potential and power to destabilize our societies. Drawing on the latest insights from a wide variety of disciplines, Ian Goldin and Mike Mariathasan provide practical guidance for how governments, businesses, and individuals can better manage risk in our contemporary world.
Author: Kern Alexander
Publisher: Oxford University Press on Demand
ISBN: 0195166981
Category : Business & Economics
Languages : en
Pages : 329
Get Book
Book Description
The book sets forth the economic rationale for international financial regulation and what role, if any, international regulation can play in effectively managing systemic risk while providing accountability to all affected nations. The book suggests that a particular type of global governance structure is necessary to have more efficient regulation of the international financial system.
Author: Adriano Lucatelli
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 136
Get Book
Book Description
Advocates the transnational regime theory, which provides an instrument for conceptualizing the internationalization of private finance and directing attention to a new way of structuring the international environment. Proposes a policy for helping maintain order and stability in the global financial market.
Author: M. Ayhan Kose
Publisher: World Bank Publications
ISBN: 1464815453
Category : Business & Economics
Languages : en
Pages : 403
Get Book
Book Description
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Author: Douglas W. Arner
Publisher: Cigi Press
ISBN: 9781928096887
Category : Economic policy
Languages : en
Pages : 0
Get Book
Book Description
The 2008 global financial crisis brought the world's economy closer to collapse than ever before. Has enough been done to prevent another crisis?
Author: Mr.Luc Laeven
Publisher: International Monetary Fund
ISBN: 1484363728
Category : Business & Economics
Languages : en
Pages : 34
Get Book
Book Description
The proposed SDN documents the evolution of bank size and activities over the past 20 years. It discusses whether this evolution can be explained by economies of scale or “too big to fail” subsidies. The paper then presents evidence on the extent to which bank size and market-based activities contribute to systemic risk. The paper concludes with policy messages in the area of capital regulation and activity restrictions to reduce the systemic risk posed by large banks. The analysis of the paper complements earlier Fund work, including SDN 13/04 and the recent GFSR chapter on “too big to fail” subsidies, and its policy message is in line with this earlier work.
Author: Michaeline A. Crichlow
Publisher: SUNY Press
ISBN: 1438471319
Category : Business & Economics
Languages : en
Pages : 326
Get Book
Book Description
Essays that examine globalizations effects with an emphasis on the interplay of race and rurality as it occurs across diverse geographies and peoples. Issues of migration, environment, rurality, and the visceral politics of place and space have occupied center stage in recent electoral political struggles in the United States and Europe, suffused by an antiglobalization discourse that has come to resonate with Euro-American peoples. Race and Rurality in the Global Economysuggests that this present fractious global politics begs for closer attention to be paid to the deep-rooted conditions and outcomes of globalization and development. From multiple viewpoints the contributors to this volume propose ways of understanding the ongoing processes of globalization that configure peoples and places via a politics of rurality in a capitalist world economy, and through an optics of raciality that intersects with class, gender, identity, land, and environment. In tackling the dynamics of space and place, their essays address matters such as the heightened risks and multiple states of insecurity in the global economy; the new logics of expulsion and primitive accumulation dynamics shaping a new savage sorting; patterns of resistance and transformation in the face of globalizations political and environmental changes; the steady decline in the livelihoods of people of color globally and their deepened vulnerabilities; and the complex reconstitution of systemic and lived racialization within these processes. This book is an invitation to ask whether our dystopia in present politics can be disentangled from the deepening sense of white fragility in the context of the historical power of globalizations raced effects.
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1498324029
Category : Business & Economics
Languages : en
Pages : 109
Get Book
Book Description
The October 2019 Global Financial Stability Report (GFSR) identifies the current key vulnerabilities in the global financial system as the rise in corporate debt burdens, increasing holdings of riskier and more illiquid assets by institutional investors, and growing reliance on external borrowing by emerging and frontier market economies. The report proposes that policymakers mitigate these risks through stricter supervisory and macroprudential oversight of firms, strengthened oversight and disclosure for institutional investors, and the implementation of prudent sovereign debt management practices and frameworks for emerging and frontier market economies.
