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The characteristic feature of the recent Global Economic Crisis is the speed and extent of the shock transmission. The development of cross-national production networks in recent years has significantly deepened the economic interdependency between countries, and a shock that occurs in one region can be swiftly and extensively transmitted to the rest of the globe. The sudden contraction of world trade and output is a negative outcome of this intertwined global economic system. Based on the method known as international input-output analyses, this book provides a detailed examination of the mec

The book studies the trends that led to the worst financial crisis since the Great Depression, as well as the unfolding of the crisis, in order to provide policy recommendations to improve financial stability. The book starts with changes in monetary policy and income distribution from the 1970s. These changes profoundly modified the foundations of economic growth in the US by destroying the commitment banking model and by decreasing the earning power of households whose consumption has been at the core of the growth process.The main themes of the book are the changes in the f

Cover -- Corporate Governance in the Aftermath of the Global Financial Crisis, Volume I: Relevance and Reforms -- Contents -- Preface -- Acknowledgments -- Introduction -- CHAPTER 1: Financial Markets, Investor Confidence, and Corporate Governance -- CHAPTER 2: An Introduction to Corporate Governance -- CHAPTER 3: Fundamentals of Corporate Governance -- CHAPTER 4: Corporate Governance Drivers and Sources -- CHAPTER 5: Corporate Governance Theories, Education and Research -- Index -- Ad Page -- Back Cover

Intro -- Acknowledgements -- Content -- Abbreviations -- Figures -- Tables -- 1. Introduction -- 2. Theories of Adaptive Efficiency and the Determinants of Crisis Resilience -- 2.1 Definitions of the Main Concepts and Outline of the Analytical Framework -- 2.2 Mancur Olson's Account of Adaptive Efficiency -- 2.2.1 Olson's General Account -- 2.2.2 Olson's Account of the Determinants of Economic Institutions -- 2.2.3 Olson's Account of the Determinants of Crisis Resilience -- 2.2.4 Summary and Limits of Olson's Account -- 2.3 North, Wallis & -- Weingast's Account of Adaptive Efficiency -- 2.3.1 NWW's General Account -- 2.3.2 NWW's Account of the Determinants of Economic Institutions -- 2.3.3 NWW's Account of the Determinants of Crisis Resilience -- 2.3.4 Summary and Limits of NWW's Account -- 2.4 The Missing Aspect of Adaptive Efficiency - The Costs of Adaption and the Importance of Structural Stability -- 2.5 Summary of the Previous Discussion - The Theoretical Concept of Adaptive Efficiency -- 3. The Empirical Approach to Studying the Determinants of Crisis Resilience -- 3.1 Review of the Empirical Literature on Institutions, Interest Groups and Growth -- 3.2 Outline of the Empirical Approach to Testing the Determinants of Crisis Resilience -- 4. The Empirical Analysis of Adaptive Efficiency during the Great Recession 2008 to 2012 -- 4.1 The Definition of the Dependent Variables -- 4.1.1 Literature Review and Discussion of Potential Dependent Variables -- 4.1.2 Operationalizing the Dependent Variables Representing Crisis Resilience -- 4.2 The Selection of Control Variables and Control Models -- 4.2.1 Literature Review of Potential Control Variables -- 4.2.2 Selecting Control Variables -- 4.3 The Empirical Analysis Part I: Economic Institutions and Crisis Resilience -- 4.3.1 Rule of Law and Crisis Resilience.

This topical volume analyzes the impact of the 2008 financial crisis. It considers the origins and explanations of the current crisis, examines the regulatory implications and, with specific focus on developing countries, it provides a strategy for economic growth that can guarantee financial stability in the future

Intro -- La crise économique mondiale de 2007-2009 -- Quand « subprime » signifie dérive de la spéculation -- Contexte -- La mise en place d'un mécanisme pernicieux -- Spéculation et effet de levier -- Déroulement -- Répercussions -- Les États à la rescousse -- Les banques mettent la main au portefeuille -- Doutes sur les dettes souveraines -- Réflexions sur l'équité économique -- Et aujourd'hui ? -- En résumé -- Pour aller plus loin.

Cover -- Contents -- Preface and Acknowledgments -- Introduction -- Chapter 1: The Rock crumbles -- Chapter 2: The Rock rescue -- Chapter 3: Banks on the brink -- Chapter 4: The Financial storm breaks -- Chapter 5: Britain on the brink -- Chapter 6: Britain stands alone -- Chapter 7: Battle for banking survival -- Chapter 8: Banks struggle to rebuild -- Timeline -- Postscript -- Bibliography -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- R -- S -- T -- U -- V -- W.

Intro -- Contents -- 1: A Scandal in Bohemia -- Part I: Busted -- 2: Debt and Destruction -- 3: Cutting Back -- 4: Levered Losses: The Theory -- 5: Explaining Unemployment -- Part II: Boil and Bubble -- 6: The Credit Expansion -- 7: Conduit to Disaster -- 8: Debt and Bubbles -- Part III: Stopping the Cycle -- 9: Save the Banks, Save the Economy? -- 10: Forgiveness -- 11: Monetary and Fiscal Policy -- 12: Sharing -- Afterword -- Acknowledgments -- Notes -- Index.