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Book Cover
Book
Author Attali, Jacques.

Title After the crisis : how did this happen? / Jacques Attali
Published Portland, Or. : Eska Publishing ; Dulles, VA : Distribution in North America, IPM: International Publishers Marketing, [2010]
©2010

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Location Call no. Vol. Availability
 WATERFT BUSINESS  332.042 Att/Atc  AVAILABLE
Description 180 pages ; 19 cm
Contents Contents note continued: ch. 5 The Theoretical Framework of Crises and Solutions: the Conflict between the Requirements of Democracy and the Markets -- Markets -- Democracy and "Insiders" -- Disloyalty and the Rule of the Financier -- The Disappearance of the Rule of Law -- The Triumph of Financial Capitalism -- The Triggering of a Financial Crisis -- The Solution: Rebalancing the Market by a Rule of Law -- ch. 6 An Emergency Plan -- Restore Order in Each National Economy -- Strengthen European Regulation -- Set up a Global Financial Regulation System -- International Governance -- Large-scale Worldwide Public Works -- ch. 7 The Final Warning, Promises for the Future -- Financial Crises to Come
Machine generated contents note: ch. 1 Lessons Learnt From Past Crises -- ch. 2 How it All Began -- Insufficient Demand -- Debt-Created Demand -- The Drop in Interest Rates -- Leverage and Wealth Effect -- Frantic Pursuit of Savings: Securitization and Derivative Products -- Insurers Create CDSs and Monolines to Overcome the Difficulty of Attracting Capital -- The Blindness of Credit Rating Agencies -- The Explosion of Global Debt -- Those who had Foreseen the Crisis -- Why Didn't We Listen to Them? -- Finance and Cocaine -- The Reversal of the Subprime Market - The Economy of Panic -- Chronology -- ch. 3 The Day Capitalism Almost Disappeared -- ch. 4 Threats Still to Come -- The New Stakes of the Financial System -- Threatened Insurers -- Estimates -- The Recession -- Depression -- Bankruptcy of Developed Countries and the Future of "Chimerica" -- Exchange Crisis -- The Social -- Ideological and Political Crisis --
Summary How did we come to this? Everything seemed to be going well, the world's economic growth was the fastest ever in history; everything led us to believe that this was going to continue, all around the world, thanks to abundant savings and outstanding technical progress. Then, without any warning, we found ourselves at the dawn of the most serious global recession for eighty years. On the face of it, nothing seemed to happen between these two events, except that some American families found themselves unable to continue to repay their mortgages. --
The goal of this book is to explain this mystery as simply as possible, with a view to solving it, in order to prevent the crisis from deteriorating into a worldwide political catastrophe and to insure that it never happens again. --Book Jacket
Subject Global Financial Crisis, 2008-2009.
ISBN 2747215482
9782747215480