Modern Financial Crises Argentina, United States and Europe [Paperback]

This book is devoted to the analysis of the three main financial crises that have marked this century: 2001 Argentinas defaulting on its external debt, the American subprime crisis in 2008, and the current European debt crisis in Europe. The book pursues three major objectives: firstly, to accurately portray these three financial crises; secondly, to analyze what went wrong with mainstream economic theory, which was unable to foresee these types of economic turmoil; and thirdly, to review macroeconomic theory, re-evaluating Keynes original contribution to economic analysis and pointing out the need to rebuild macroeconomics with a view to studying economic illness rather than trying to prove the non-existence of economic problems.

Introduction: The Core Characteristics of Financial Crises.- The Case?of Argentina: Argentina?s Debt?Crisis.- The American 2007 - 2009?Subprime Crisis: The American Financial Crisis.-?The Run on Repo and the Policy Interventions to Struggle the Great Crisis.-?The European Public Debt Crisis: From the American Financial Meltdown?to the European Banking and Public Debt Crisis.- The European Crisis and the Accumulation of TARGET2 Imbalances.-?The European Debt Crisis.-?The Impact of the Great Crisis on Economic Tought: The Theoretical Debate on the?Great Crisis.- From the Economic Crisis to the Crisis of Economics.-?Rethinking Macroeconomics in Light of?the Great Crisis.- Current Issues and Conclusions: Current Issues and Policies.- Open Problems and Conclusions.

This book is devoted to the analysis of the three main financial crises that have marked this century: 2001 Argentinas defaulting on its external debt, the American subprime crisis in 2008, and the current European debt crisis in Europe. The book pursues three major objectives: firstly, to accurately portray these three financial crises; secondly, to analyze what went wrong with mainstream economic theory, which was unable to foresee these types of economic turmoilCÄ