Cover; Contents; List of Tables and Figures; Notes on the Contributors; 1 Introduction; 2 The Lessons from the Current Crisis for Macro-theory and Policy; 3 The Conventional Views of the Global Crisis: A Critical Assessment; 4 The Global Crisis and the Governance of Power in Finance; 5 Income Distribution and Borrowing: Growth and Financial Balances in the US Economy; 6 Re-structuring the Financial Sector to Reduce its Burden on the Economy; 7 Regulate Financial Systems, or Financial Institutions?; 8 Institutional Investment and Financial Regulation: An International Comparison
9 Rethinking the Lending of Last Resort Function: A Historical and Contemporary Perspective10 The Necessity of Reforming the International Monetary System; 11 Neoliberalism, Income Distribution and the Causes of the Crisis; Index
Summary
This topical volume analyzes the impact of the 2008 financial crisis. It considers the origins and explanations of the current crisis, examines the regulatory implications and, with specific focus on developing countries, it provides a strategy for economic growth that can guarantee financial stability in the future
