All fall down debt, deregulation and financial crises
All Fall Down traces the ways in which changes in financial structure and regulation eroded monetary control and led to historically high levels of debt relative to GDP in both developed and emerging economies. Rising stocks of debt drove the global financial system into crisis in 2008 when househol...
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| Format: | eBook |
| Language: | English |
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Northampton, MA
Edward Elgar Pub., Inc.
2018, 2018
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| Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
Table of Contents:
- 17. Liquidity expansion in the period before the crisis
- Part V: Debt and the collapse of monetary control
- 18. The failure to halt the emergence and growth of the debt bubble
- 19. Rising imbalances in credit flows
- 20. Mounting risks of the continuing debt bubble in the new millennium
- 21. How eroding monetary tools facilitated debt creation
- 22. Monetary tools: what they are and how they function
- 23. The inability of capital requirements to prevent or moderate financial crises XXX
- 24. How crisis reshaped the monetary toolkit
- Part VI: An agenda for monetary reform
- 25. Introducing a systemic approach
- 26. Creating a system-wide asset-based reserve system
- 27. Implementing policy under the current and proposed systems
- 28. Implications of the proposed system for the conduct of policy
- Part VII: reforming the privatized international monetary system
- 29. Can the SDR replace the dollar and other national currencies as a reserve asset?
- Contents: 1. Introduction and summary
- Part I: the unraveling of the 1930s-era framework
- 2. The Euro market erodes US financial structure
- 3. Commercial paper guarantees and the emergence of a parallel banking system
- 4. ERISA moves savings into securities markets
- Part II: deregulation and financial innovation create the context for crisis
- 5. An overview of financial restructuring and its consequences
- 6. Securitization
- 7. Weaving the web of interconnectedness
- 8. Opaque markets and opaque balance sheets
- 9. Growing concentration leads to "too big to fail"
- 10. Regulating the post-crisis system
- 11. Mending the financial safety net for savers
- Part III: The advent of globalization
- 12. Dollar hegemony
- 13. Foreign exchange reserves
- 14. An overview of developments in global financial markets in the 1990s
- Part IV: Building toward crisis in the global economy
- 15. Concerns and warnings
- 16. Crises in the periphery of the global system
- 30. Restructuring flows of private international investment into emerging and developing economies
- 31. Reforming the international payments system
- Part VIII: Conclusion
- 32. Building toward crisis in the global economy - again
- Bibliography
- Index
- Includes bibliographical references