LEADER 04118nam 22006492 450 001 9910779981803321 005 20151005020623.0 010 $a1-139-89190-1 010 $a1-107-28990-4 010 $a1-107-28932-7 010 $a1-107-29422-3 010 $a1-107-29142-9 010 $a1-139-85570-0 010 $a1-107-29037-6 010 $a1-107-29314-6 035 $a(CKB)2550000001108210 035 $a(EBL)1303747 035 $a(OCoLC)855022906 035 $a(SSID)ssj0000893817 035 $a(PQKBManifestationID)11545775 035 $a(PQKBTitleCode)TC0000893817 035 $a(PQKBWorkID)10906611 035 $a(PQKB)10020957 035 $a(UkCbUP)CR9781139855709 035 $a(MiAaPQ)EBC1303747 035 $a(Au-PeEL)EBL1303747 035 $a(CaPaEBR)ebr10740482 035 $a(CaONFJC)MIL508553 035 $a(EXLCZ)992550000001108210 100 $a20121105d2013|||| uy| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aAgainst the consensus $ereflections on the great recession /$fJustin Yifu Lin$b[electronic resource] 210 1$aCambridge :$cCambridge University Press,$d2013. 215 $a1 online resource (xxix, 247 pages) $cdigital, PDF file(s) 300 $aTitle from publisher's bibliographic system (viewed on 05 Oct 2015). 311 $a1-107-03887-1 311 $a1-299-77302-8 320 $aIncludes bibliographical references and index. 327 $aPreface -- Overview -- Part I. What Caused the 2008-9 Global Crisis?: 1. The world economy and the 2008-9 crisis -- 2. The real causes of the crisis -- 3. Financial deregulation and the housing bubble -- 4. What's wrong with the Eurozone -- 5. Why China's reserves rose so much -- Part II. A Win-Win Path to Recovery: 6. Infrastructure investments: beyond Keynesianism -- 7. A massive global infrastructure initiative -- Part III. How Poor Countries Can Catch up: Flying Geese and Leading Dragons: 8. The mystery of the great divergence -- 9. The mechanics and benefits of structural change -- 10. Lessons from the failures and successes of structural transformation -- 11. Unique opportunities for poor countries -- Part IV. Toward a Brave New World Monetary System: 12. The evolution of the international monetary system -- 13. Emerging pressures and policy challenges -- 14. (In)stability of the emerging multiple reserve currency system -- 15. The thinking behind the main reform proposals -- 16. Costs and benefits of major reform proposals -- 17. A proposal for a new global reserve currency: paper gold ('p-gold') -- 18. Why it still matters -- References -- Index. 330 $aIn June 2008, Justin Yifu Lin was appointed Chief Economist of the World Bank, right before the eruption of the worst global financial and economic crisis since the Great Depression. Drawing on experience from his privileged position, Lin offers unique reflections on the cause of the crisis, why it was so serious and widespread, and its likely evolution. Arguing that conventional theories provide inadequate solutions, he proposes new initiatives for achieving global stability and avoiding the recurrence of similar crises in the future. He suggests that the crisis and the global imbalances both originated with the excess liquidity created by US financial deregulation and loose monetary policy, and recommends the creation of a global Marshall Plan and a new supranational global reserve currency. This thought-provoking book will appeal to academics, graduate students, policy makers, and anyone interested in the global economy. 606 $aGlobal Financial Crisis, 2008-2009 606 $aRecessions$xHistory$y21st century 607 $aChina$xEconomic policy 615 0$aGlobal Financial Crisis, 2008-2009. 615 0$aRecessions$xHistory 676 $a330.9/0511 700 $aLin$b Justin Yifu$f1952-$0283743 801 0$bUkCbUP 801 1$bUkCbUP 906 $aBOOK 912 $a9910779981803321 996 $aAgainst the consensus$93696543 997 $aUNINA