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Modern Financial Crises - Argentina, United States and Europe (Hardcover, 1st ed. 2016)
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Modern Financial Crises - Argentina, United States and Europe (Hardcover, 1st ed. 2016)
Series: Financial and Monetary Policy Studies, 42
Expected to ship within 12 - 17 working days
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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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