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From Financial Crisis to Global Recovery

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Abstract:

The EconLit abstract of the reviewed work begins: Presents an introduction for economics and finance undergraduate students to the financial crisis, using a combination of scholarly research and narrative. Discusses the financial crisis origin; banking sector stress tests -- the United States versus the European Union; whether the U.S. economy is on the mend; global recovery prospects -- North America and Europe, Asia, and South America; hedge funds and derivatives, credit default swaps, and rating agencies; U.S. and EU regulatory proposals -- how strict and how cooperative; the dollar's future as a reserve currency; the Great Depression and the current financial crisis; and the future of American capitalism. Desai is Gladys and Roland Harriman Professor of Comparative Economic Systems and Director of the Center for Transition Economies at Columbia University. Index.

Document Type: Book Review

DOI: https://doi.org/10.1257/jel.50.2.513.r9

Publication date: 2012-06-01

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