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999			_c113935 _d113935
001			15827943
003			OSt
005			20200910125346.0
008			090615s2009 ii a b 000 e eng d
010			_a 2009346310
020			_a9788125036999
025			_aI-E-2009-346310; 79-91
035			_a(OCoLC)405331301
035			_a(OCoLC)ocn405331301
037			_aLibrary of Congress -- New Delhi Overseas Office _cRs350.00
040			_aDKAGE _beng _cDKAGE _dDLC
042			_alccopycat _alcode
043			_aa-ii---
050	0	0	_aHB3717 2008 _b.G56 2009
082	0	4	_a332.042 GLO _222
245	0	0	_aGlobal economic & financial crisis : _bEssays from Economic and political weekly.
246	3		_aGlobal economic and financial crisis
260			_aHyderabad : _bOrient BlackSwan in association with Sameeksha Trust, _c2009.
300			_aviii, 368 p. : _bill. ; _c22 cm.
504			_aIncludes bibliographical references.
505			_aBook Description Orient Blackswan Pvt. Ltd., 2009. Soft cover. Condition: New. First edition. A collapse in housing prices in the United States in the middle of 2007 led to a rise in defaults in loan repayments and then rapidly to major losses in financial institutions across the world. The financial crisis of 2007 and 2008 took little time to turn into the global economic crisis of 2008 and 2009, leaving no country and no sector untouched and has become the worst contraction since the Depression of the 1930s. The structure of financial â??innovationâ? that drove growth for close to a quarter of a century has turned out to be a house of cards. Governments and central banks are now rethinking the organization and role of banks. The incentives given to executives of the financial institutions to promote profits at all costs have been put under scrutiny. This volume puts together a collection of essays on a number of aspects of the global economic and financial crisis that were first published in the Economic & Political Weekly in early 2009. Economists and policy makers from across the world cover six areas from a global and Indian perspective. One set of articles discusses the structural causes of the financial crisis. A second focuses on banking and offers solutions for the future. A third examines the role of the US dollar in the unfolding of the crisis. A fourth area of study is the impact on global income distribution. A fifth set of essays takes a long-term view of policy choices confronting the governments of the world. A separate section assesses the downturn in India, the state of the domestic financial sector, the impact on the informal economy and the reforms necessary to prevent another crisis. This book is essential reading for anyone interested in and concerned about the global economic and financial crisis. Printed Pages: 368
650		0	_aGlobal Financial Crisis, 2008-2009.
650		0	_aEconomic history _y21st century.
651		0	_aIndia _xEconomic conditions _y21st century.
710	2		_aSameeksha Trust (Mumbai, India)
730	0		_aEconomic and political weekly.
906			_a7 _bcbc _ccopycat _d3 _encip _f20 _gy-gencatlg
942			_2ddc _cBK