000 04882cam a22004578i 4500
001 18285526
005 20180417151801.0
008 140829s2014 nyu b 001 0 eng
906 _a7
_bcbc
_corignew
_d1
_eecip
_f20
_gy-gencatlg
925 0 _aacquire
_b1 shelf copy
_xpolicy default
010 _a 2014033128
020 _a9781594205446 (hardback)
040 _aDLC
_beng
_erda
_cDLC
_dDLC
042 _apcc
050 0 0 _aHB3722
_b.W63 2014
082 0 0 _a330.9/0511
_223
084 _aBUS039000
_aBUS069020
_2bisacsh
100 1 _aWolf, Martin,
_d1946-
245 1 4 _aThe shifts and the shocks :
_bwhat we've learned-and have still to learn-from the financial crisis /
_cMartin Wolf.
263 _a1409
264 1 _aNew York :
_bPenguin Press,
_c2014.
300 _apages cm
336 _atext
_2rdacontent
337 _aunmediated
_2rdamedia
338 _avolume
_2rdacarrier
520 _a"From the chief economic commentator for the Financial Times, a brilliant tour d'horizon of the new global economy and its trajectory There have been many books that have sought to explain the causes and courses of the financial and economic crisis which began in 2007-8. The Shifts and the Shocks is not another detailed history of the crisis, but the most persuasive and complete account yet published of what the crisis should teach us about modern economies and economics. The book identifies the origin of the crisis in the complex interaction between globalization, hugely destabilizing global imbalances and our dangerously fragile financial system. In the eurozone, these sources of instability were multiplied by the tragically defective architecture of the monetary union. It also shows how much of the orthodoxy that shaped monetary and financial policy before the crisis occurred was complacent and wrong. In doing so, it mercilessly reveals the failures of the financial, political and intellectual elites who ran the system. The book also examines what has been done to reform the financial and monetary systems since the worst of the crisis passed. "Are we now on a sustainable course?" Wolf asks. "The answer is no." He explains with great clarity why "further crises seem certain" and why the management of the eurozone in particular "guarantees a huge political crisis at some point in the future." Wolf provides far more ambitious and comprehensive plans for reform than any currently being implemented. Written with all the intellectual command and trenchant judgment that have made Martin Wolf one of the world's most influential economic commentators, The Shifts and the Shocks matches impressive analysis with no-holds-barred criticism and persuasive prescription for a more stable future. It is a book no one with an interest in global affairs will want to neglect. "--
_cProvided by publisher.
520 _a"The book identifies the origin of the crisis in the complex interaction between globalization, hugely destabilizing global imbalances and our dangerously fragile financial system. In the eurozone, these sources of instability were multiplied by the tragically defective architecture of the monetary union. It also shows how much of the orthodoxy that shaped monetary and financial policy before the crisis occurred was complacent and wrong. In doing so, it mercilessly reveals the failures of the financial, political and intellectual elites who ran the system. The book also examines what has been done to reform the financial and monetary systems since the worst of the crisis passed. "Are we now on a sustainable course?" Wolf asks. "The answer is no." He explains with great clarity why "further crises seem certain" and why the management of the eurozone in particular "guarantees a huge political crisis at some point in the future." Wolf provides far more ambitious and comprehensive plans for reform than any currently being implemented"--
_cProvided by publisher.
504 _aIncludes bibliographical references and index.
650 0 _aFinancial crises.
650 0 _aGlobal Financial Crisis, 2008-2009.
650 0 _aInternational finance.
650 0 _aEconomic development.
650 0 _aMonetary policy.
650 0 _aEconomic policy.
650 7 _aBUSINESS & ECONOMICS / Economics / Macroeconomics.
_2bisacsh
650 7 _aBUSINESS & ECONOMICS / International / Economics.
_2bisacsh
856 4 2 _3Cover image
_uftp://ppftpuser:welcome@ftp01.penguingroup.com/Booksellers and Media/Covers/2008_2009_New_Covers/9781594205446.jpg
963 _aJeannette A. Williams; phone: 212-366 2488; email: jeannette.williams@us.penguingroup.com; bc: victoria.klose@us.penguingroup.com
942 _04
999 _c10899
_d10891