TY  - BOOK
ED  - Grant, Wyn
ED  - Wilson, Graham K.
AB  - The Global Financial Crisis (GFC) is the most serious economic crisis since the Great Depression. Many books have explored its causes, but this book systematically explores its consequences. The focus is primarily on the policy and political consequences of the GFC. This book asks how governments responded to the challenge and what the political consequences of the combination of the GFC itself and policy responses to it have been. Based on workshops held in the United States and the United Kingdom, it brings together leading academics to consider the divergent ways in which particular countries have responded in different ways to the crisis, including China, France, the United Kingdom, and the United States. Part of what is happening is a structural shift in economic power from east to west, but China has its fragilities while Germany offers an example of a largely successful Western model. The book also assesses attempts to develop global economic governance and to reform financial regulation and looks critically at the role of credit rating agencies. Unlike earlier crises, no new paradigm has emerged to challenge existing ways of thinking, meaning that neoliberalism has emerged relatively unscathed. The crisis has lacked a coherent and innovative intellectual response and has been characterized by remarkable policy stability.
DO  - 10.1093/acprof:oso/9780199641987.001.0001
ID  - OAPEN ID: 453476
ID  - OAPEN ID: OCN: 1030815777
ID  - OAPEN ID: http://library.oapen.org/handle/20.500.12657/33857
KW  - neoliberalism
KW  - structural change
KW  - financial regulation
KW  - global financial crisis
KW  - China
KW  - International Monetary Fund
KW  - Non-commercial activity
KW  - United States
L1  - https://library.oapen.org/bitstream/20.500.12657/33857/1/453476.pdf
L1  - https://library.oapen.org/bitstream/20.500.12657/33857/1/453476.pdf
L1  - https://library.oapen.org/bitstream/20.500.12657/33857/1/453476.pdf
L1  - https://library.oapen.org/bitstream/20.500.12657/33857/1/453476.pdf
LA  - English
LK  - https://directory.doabooks.org/handle/20.500.12854/32453
PB  - Oxford University Press
PY  - 2012
SN  - 9780199641987
TI  - Consequences of the Global Financial Crisisnull
ER  - 
