Financial crises and recession in the global economy / Roy E. Allen.
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Full Text (via Internet Archive) |
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| Format: | eBook |
| Language: | English |
| Published: |
Cheltenham, UK ; Northampton, Mass. :
Edward Elgar,
1999.
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| Edition: | 2nd ed. |
| Subjects: |
Table of Contents:
- 1. Expansion and Globalization of Financial Markets
- I. Rapid Expansion of International Finance
- II. Global Information Revolution and Global Finance
- III. Governmental Deregulation and International Finance
- IV. Financial Market Globalization and Interest Rate Parity
- V. Financial Strategy Parities
- 2. Financial Market Globalization and New Trade Patterns
- I. Saver and Dissaver Countries
- II. Case Study of US-Foreign Trade, 1981-
- III. New Definitions of Trade and the Folly of Protectionism
- 3. New Uses and Forms of Money, Monetary Velocity, and Wealth Transfers
- I. Transactions and Asset Demands for Money, and Monetary Velocity
- II. Financial Globalization and Monetary Velocity
- III. Decline of (m1) Income Velocity in the US
- IV. Decline of (m1) Income Velocity in the UK and Germany
- V. Recent History of Money and Wealth
- VI. Policy Implications. Appendix. Regressions of US (m1) Income Velocity and Related Variables
- 4. Financial Crises and Recession
- I. Common Patterns
- II. 1982 Recessionary Period
- III. Stock Market Crash of 1987
- IV. World Debt Crisis, 1982-
- V. Early 1990s Recessionary Period
- VI. 1994-95 Mexican Crisis
- VII. Japan's Crisis, 1989-
- VIII. Asia's Crisis, 1997-
- 5. International Adjustments and Political Responses
- I. New Political Economy of Money
- II. Role of the G7
- III. Role of the World Bank and the IMF
- IV. National Strategies in the Global Economy
- V. Conclusions.