LEADER 03877nam 2200709 a 450 001 9910463686503321 005 20200520144314.0 010 $a1-283-09405-3 010 $a9786613094056 010 $a0-231-52774-8 024 7 $a10.7312/desa15786 035 $a(CKB)3280000000000118 035 $a(EBL)908809 035 $a(OCoLC)727325966 035 $a(SSID)ssj0000536891 035 $a(PQKBManifestationID)12202398 035 $a(PQKBTitleCode)TC0000536891 035 $a(PQKBWorkID)10549826 035 $a(PQKB)11456083 035 $a(StDuBDS)EDZ0000455064 035 $a(MiAaPQ)EBC908809 035 $a(DE-B1597)458791 035 $a(OCoLC)979967662 035 $a(DE-B1597)9780231527743 035 $a(PPN)233900187$9sudoc 035 $a(PPN)201885271 035 $a(Au-PeEL)EBL908809 035 $a(CaPaEBR)ebr10469186 035 $a(CaONFJC)MIL309405 035 $a(EXLCZ)993280000000000118 100 $a20110120d2011 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFrom financial crisis to global recovery$b[electronic resource] /$fPadma Desai 210 $aNew York $cColumbia University Press$dc2011 215 $a1 online resource (273 p.) 300 $aDescription based upon print version of record. 311 $a0-231-15786-X 320 $aIncludes bibliographical references and index. 327 $aFinancial 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. 330 $aIn 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. 606 $aGlobal Financial Crisis, 2008-2009 606 $aFinancial crises$zUnited States 606 $aRecessions$zUnited States 607 $aUnited States$xEconomic conditions$y2009- 607 $aUnited States$xEconomic policy$y2009- 608 $aElectronic books. 615 0$aGlobal Financial Crisis, 2008-2009. 615 0$aFinancial crises 615 0$aRecessions 676 $a330.973 700 $aDesai$b Padma$0119417 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463686503321 996 $aFrom financial crisis to global recovery$92444147 997 $aUNINA