Global Imbalances And The Collapse Of Globalised Finance

Download Global Imbalances And The Collapse Of Globalised Finance full books in PDF, epub, and Kindle. Read online free Global Imbalances And The Collapse Of Globalised Finance ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Global Imbalances and the Collapse of Globalised Finance

Global Imbalances and the Collapse of Globalised Finance
Author :
Publisher :
Total Pages : 200
Release :
ISBN-10 : UCSD:31822036478964
ISBN-13 :
Rating : 4/5 ( Downloads)

Book Synopsis Global Imbalances and the Collapse of Globalised Finance by : Anton Brender

Download or read book Global Imbalances and the Collapse of Globalised Finance written by Anton Brender and published by . This book was released on 2010 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy is just starting to recover from the most disastrous episode in the history of financial globalisation. Understanding what happened is essential. Anton Brender and Florence Pisani, both economists with Dexia Asset Management and teaching at Paris-Dauphine University, argue in this book that the main problems were deeply rooted and are to be found in two tightly linked developments that for many years were left largely uncontrolled: the increase in the intensity of international transfers of savings - the so-called 'global imbalances' - and a wave of innovations - globalised finance - that have changed the way savings and the risks associated with their investment can be transferred. Globalised finance allowed continuously increasing amounts of emerging countries' savings, invested in 'risk-free' assets, to finance loans that were far from being risk-free. The risks attendant on those loans did not vanish of course: they were carried by the risk-takers of the globalised financial system. Hedge-funds, investment banks, off-balance-sheet vehicles, etc. functioned here as parts of a genuine alternative banking system, taking on the bulk of the liquidity, interest-rate and credit risks generated by the mismatch between the assets that emerging regions' savers were ready to - or could - invest in and the liabilities developed countries' borrowers issued. Unfortunately, no one was in charge of keeping in check either the quantity of risk being accumulated in this way or the quality of the loans generating those risks. The consequence was terrible: the only force that could finally rein in the continuous deepening of the global imbalances was the collapse of globalised finance.


Global Imbalances and the Collapse of Globalised Finance Related Books

Global Imbalances and the Collapse of Globalised Finance
Language: en
Pages: 200
Authors: Anton Brender
Categories: Business & Economics
Type: BOOK - Published: 2010 - Publisher:

DOWNLOAD EBOOK

The world economy is just starting to recover from the most disastrous episode in the history of financial globalisation. Understanding what happened is essenti
Understanding Financial Accounts
Language: en
Pages: 424
Authors: OECD
Categories:
Type: BOOK - Published: 2017-11-06 - Publisher: OECD Publishing

DOWNLOAD EBOOK

Understanding Financial Accounts seeks to show how a range of questions on financial developments can be answered with the framework of financial accounts and b
The Globalization Paradox
Language: en
Pages: 442
Authors: Dani Rodrik
Categories: Political Science
Type: BOOK - Published: 2012-05-17 - Publisher: OUP Oxford

DOWNLOAD EBOOK

For a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Yet there have been consistent wa
The Sovereign Debt Crisis
Language: en
Pages: 0
Authors: Anton Brender
Categories: Business & Economics
Type: BOOK - Published: 2013 - Publisher:

DOWNLOAD EBOOK

"The Sovereign Debt Crisis," 2012 edition, looked at how governments ran up substantial deficits in order to avert a worldwide depression and their subsequent a
OECD Insights Economic Globalisation Origins and consequences
Language: en
Pages: 157
Authors: Huwart Jean-Yves
Categories:
Type: BOOK - Published: 2013-04-11 - Publisher: OECD Publishing

DOWNLOAD EBOOK

This publication reviews the major turning points in the history of economic integration, and in particular the pace at which it has accelerated since the 1990s