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The Consequences of the Global Financial Crisis - The Rhetoric of Reform and Regulation (Paperback)
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The Consequences of the Global Financial Crisis - The Rhetoric of Reform and Regulation (Paperback)
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This is an open access title available under the terms of a CC
BY-NC-ND 3.0 International licence. It is free to read at Oxford
Scholarship Online and offered as a free PDF download from OUP and
selected open access locations. The Global Financial Crisis is the
most serious economic crisis since the Great Depression, and
although many have explored its causes, relatively few have focused
on its consequences. Unlike earlier crises, no new paradigm seems
yet to have come forward to challenge existing ways of thinking and
neo-liberalism has emerged relatively unscathed. This crisis,
characterized by a remarkable policy stability, has lacked a
coherent and innovative intellectual response. This book, however,
systematically explores the consequences of the crisis, focusing
primarily on its impact on policy and politics. It asks how
governments responded to the challenges that the crisis has posed,
and the policy and political impact of the combination of both the
Global Financial Crisis itself and these responses. It brings
together leading academics to consider the divergent ways in which
particular countries have responded to the crisis, including the
US, the UK, China, Europe, and Scandinavia. The book also assesses
attempts to develop global economic governance and to reform
financial regulation, and looks critically at the role of credit
rating agencies.
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