Global Financial Contagion: Building a Resilient World Economy after the Subprime Crisis [Hardcover]

This book provides an authoritative account of the economic and political roots of the 2008 financial crisis.This book provides an authoritative account of the economic and political roots of the 2008 financial crisis, examining why it was triggered in the United States and its lasting impact on both the American and global economies. It provides a detailed and insightful account of how the Obama administration's policy missteps have contributed to America's huge debt and slow recovery, and why the Eurozone's response to its existential crisis has not been effective. Global Financial Contagion will long be regarded as the standard account of the crisis and its aftermath.This book provides an authoritative account of the economic and political roots of the 2008 financial crisis, examining why it was triggered in the United States and its lasting impact on both the American and global economies. It provides a detailed and insightful account of how the Obama administration's policy missteps have contributed to America's huge debt and slow recovery, and why the Eurozone's response to its existential crisis has not been effective. Global Financial Contagion will long be regarded as the standard account of the crisis and its aftermath.This book is an authoritative account of the economic and political roots of the 2008 financial crisis. It examines why it was triggered in the United States, why it morphed into the Great Recession, and why the contagion spread with such ferocity around the globe. It also examines how and why economies  including the Eurozone, Russia, China, India, East Asia, and the Middle East  have been impacted and explores their response to the unprecedented challenges of the crisis and the effectiveness of their policy measures. Global Financial Contagion specifically looks at how the Obama administration's policy missteps have contributed to America's huge debt and slow recovery, why the Eurozone's response to its existential crisis has become a nelƒ