The consequences of the global financial crisis : the rhetoric of reform and regulation /
The Global Financial Crisis is the most serious economic crisis since the Great Depression, and although many have explored its causes, relatively few have focused on its consequences. Unlike earlier crises, no new paradigm seems yet to have come forward to challenge existing ways of thinking and ne...
| Other Authors: | , |
|---|---|
| Format: | eBook |
| Language: | English |
| Published: |
Oxford :
Oxford University Press,
2012.
|
| Series: | Online access: OAPEN Open Research Library (ORL)
|
| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | The Global Financial Crisis is the most serious economic crisis since the Great Depression, and although many have explored its causes, relatively few have focused on its consequences. Unlike earlier crises, no new paradigm seems yet to have come forward to challenge existing ways of thinking and neo-liberalism has emerged relatively unscathed. This crisis, characterized by a remarkable policy stability, has lacked a coherent and innovative intellectual response. This book, however, systematically explores the consequences of the crisis, focusing primarily on its impact on policy and politics. It asks how governments responded to the challenges that the crisis has posed, and the policy and political impact of the combination of both the Global Financial Crisis itself and these responses. It brings together leading academics to consider the divergent ways in which particular countries have responded to the crisis, including the US, the UK, China, Europe, and Scandinavia. 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. |
|---|---|
| Physical Description: | 1 online resource (xiv, 272 pages) : illustrations |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9780191635007 0191635006 1280777451 9781280777455 9780191741586 0191741582 |