Description

Book Synopsis
What began as a bursting of the U.S. housing market bubble and a rise in foreclosures has ballooned into a global financial and economic crisis. The world now appears to have entered a global recession that is causing widespread business contraction, increases in unemployment, and shrinking government revenues. Some of the largest and most venerable banks, investment houses, and insurance companies have either declared bankruptcy or have had to be rescued financially. The world is facing the worst economic conditions since the great depression. The crisis has exposed fundamental weaknesses in financial systems world-wide, demonstrated how interconnected and interdependent economics are today and has posed vexing policy dilemmas for governments. This book is an analysis of the global financial crisis and its policy implications.

Global Financial Crisis

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    A Hardback by Haley J Scott

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      Publisher: Nova Science Publishers Inc
      Publication Date: Publication Date: 05/07/2011
      ISBN13: 9781616686314, 978-1616686314
      ISBN10: 1616686316
      Also in:
      Economics

      Description

      Book Synopsis
      What began as a bursting of the U.S. housing market bubble and a rise in foreclosures has ballooned into a global financial and economic crisis. The world now appears to have entered a global recession that is causing widespread business contraction, increases in unemployment, and shrinking government revenues. Some of the largest and most venerable banks, investment houses, and insurance companies have either declared bankruptcy or have had to be rescued financially. The world is facing the worst economic conditions since the great depression. The crisis has exposed fundamental weaknesses in financial systems world-wide, demonstrated how interconnected and interdependent economics are today and has posed vexing policy dilemmas for governments. This book is an analysis of the global financial crisis and its policy implications.

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