Modern Financial Crises: Argentina, United States and Europe
Beniamino Moro and Victor A. Beker, "Modern Financial Crises: Argentina, United States and Europe"
English | ISBN: 3319209906 | 2015 | 276 pages | PDF | 4 MB
English | ISBN: 3319209906 | 2015 | 276 pages | PDF | 4 MB
This book is devoted to the analysis of the three main financial crises that have marked this century: 2001 Argentina’s defaulting on its external debt, the American subprime crisis in 2008, and the current European debt crisis in Europe. The book pursues three major objectives: firstly, to accurately portray these three financial crises; secondly, to analyze what went wrong with mainstream economic theory, which was unable to foresee these types of economic turmoil; and thirdly, to review macroeconomic theory, re-evaluating Keynes’ original contribution to economic analysis and pointing out the need to rebuild macroeconomics with a view to studying economic illness rather than trying to prove the non-existence of economic problems.