03877nam 2200709 a 450 991046368650332120200520144314.01-283-09405-397866130940560-231-52774-810.7312/desa15786(CKB)3280000000000118(EBL)908809(OCoLC)727325966(SSID)ssj0000536891(PQKBManifestationID)12202398(PQKBTitleCode)TC0000536891(PQKBWorkID)10549826(PQKB)11456083(StDuBDS)EDZ0000455064(MiAaPQ)EBC908809(DE-B1597)458791(OCoLC)979967662(DE-B1597)9780231527743(PPN)233900187sudoc(PPN)201885271(Au-PeEL)EBL908809(CaPaEBR)ebr10469186(CaONFJC)MIL309405(EXLCZ)99328000000000011820110120d2011 uy 0engur|n|---|||||txtccrFrom financial crisis to global recovery[electronic resource] /Padma DesaiNew York Columbia University Pressc20111 online resource (273 p.)Description based upon print version of record.0-231-15786-X Includes bibliographical references and index.Financial crisis origin -- Banking sector stress tests: United States versus the European Union -- Is the U.S. economy on the mend? -- Global recovery prospects: North America and Europe, Asia, and South America -- Hedge funds and derivatives, credit default swaps, and rating agencies -- U.S. and EU regulatory proposals: how strict? How cooperative? -- Will the dollar remain a reserve currency? -- The Great Depression and the current financial crisis -- The future of American capitalism.In this book, Padma Desai makes the complexities of economic policy and financial reform accessible to a wide audience. Merging a compelling narrative with scholarly research, she begins with a systematic breakdown of the factors leading to America's recent recession, describing the monetary policy, tax practices, subprime mortgage scandals, and lax regulation that contributed to the crisis. She also discusses the Treasury-Fed rescue deals that saved several financial institutions and the involvement of Congress in passing restorative policies. Desai follows with an analysis of stress tests and other economic measures, and she frankly assesses whether the U.S. economy is truly on the mend. Expanding her view, she considers the prospects for recovery in North America as a whole, as well as in Europe, Asia, and South America, and the extent and value of U.S. and E.U. regulatory proposals. Refocusing on American financial practices, Desai evaluates hedge funds and derivatives, credit default swaps, and rating agencies, pondering whether the dollar can remain a reserve currency. She concludes with a historical comparison of the Great Depression and the Great Recession, weighing the effect of the economic collapse on the future of American capitalism.Global Financial Crisis, 2008-2009Financial crisesUnited StatesRecessionsUnited StatesUnited StatesEconomic conditions2009-United StatesEconomic policy2009-Electronic books.Global Financial Crisis, 2008-2009.Financial crisesRecessions330.973Desai Padma119417MiAaPQMiAaPQMiAaPQBOOK9910463686503321From financial crisis to global recovery2444147UNINA