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This book investigates the changing nature of economic policies following the Global Financial Crisis of 2007-2009. Well-respected, international scholars come together to discuss the level of economic growth following the crisis, concerns over inequality in industrialised countries, and labour market policies. Topics covered range from monetary and fiscal policies since the GFC to the effect of post-GFC policies on the labour market and the environment. This is the thirteenth volume in the series International Papers in Political Economy (IPPE). This series consists of an annual volume with a single theme. The objective of the IPPE is the publication of papers dealing with important topics within the broad framework of Political Economy. .--

1. Introduction / Professor Nicholas Ryder, Dr. Umut Turksen and Dr. Sabine Hassler -- 2. Risk, recklessness and policing the financial markets / Jonathan Fisher QC -- 3. Credible deterrence and consumer protection through the imposition of financial penalties : lessons for the Financial Conduct Authority / Peter Cartwright -- 4. LIBOR manipulation : the limits and potential of corporate criminal liability / Robert Stokes -- 5. Implications of anti-money laundering law for accountancy in the European Union : a comparative study / Umut Turksen -- 6. Solicitors and complying with the anti-money laundering framework : reporting suspicions, applying for consent and tipping-off / Andrew Campbell and Elise Campbell -- 7. The good, the bad and the fraud : securitisation and financial crime in light of the global financial crisis / Anastasia Nesvetailova and Andrei Sandu -- 8. Corruption, money laundering, secrecy and societal responsibility of banks / Indira Carr and Rob Jago -- 9. Virtual currency in a virtual world : virtually unstoppable? / Alan S. Reid -- 10. Are the current laws and potential enforcement measures effective in achieving the accountability of bank directors for their actions, or the actions of the banks they manage? A comparison of UK and US approaches / Henry Hillman.

"The book provides a theoretically and historically informed analysis of the global economic crisis. It makes original contributions to theories of value, of crisis and of the state and uses these to develop a rich empirical study of the changing character of capitalism in the twentieth century and beyond. It defends, uses and develops Marxist theory while arguing particularly against jumping too quickly from abstract concepts to a concrete understanding of the crisis. Instead, it uses what Marx described in his notebooks as an 'obvious' analytical ordering to progress from a general analysis of economy and society to a discussion of recent economic transformations and the specifics of the crisis and its aftermath. Dunn argues that appropriately reconceived, a critical Marxism can incorporate and enrich rather than rejecting insights from other traditions. He disputes general characterisations of capitalism to the crisis and theories which see finance and the contemporary financial crises as largely detached from other aspects of the economy and society. Providing a thoroughly socialised and historically based account, this book will be vital reading students and scholars of political economy, international political economy, Marxism, sociology, geography and development studies"--

1. Introduction / Jason Begley [and others] -- 2. Creating local economic resilience : co-operation, innovation and firms' absorptive capacity / Jonathan Michie and Christine Oughton -- 3. Global economic crises and local fortunes : the case of Oxfordshire and Buckinghamshire / Rupert Waters and Helen Smith -- 4. Regional capabilities and industrial resiliency : specialization and diversification dynamics in Lowell, Massachusetts / Michael H. Best -- 5. From recession to re-industrialization : a case study of employment changes in North Carolina / Ian Taplin and Minh-Trang Thi Nguyen -- 6. Institutional change, industrial logics and internationalization : growth of the auto and it sectors in India / Anthony D'Costa -- 7. A system abandoned : twenty years of management, corporate governance and labour market reforms in Japan / Holger Bungsche -- 8. China and the global recession / Jason Begley and Tom Donnelly -- 9. North American and European responses to crisis in the motor vehicle industry / James M. Rubenstein -- 10. Addressing 'strategic failure' : widening the public interest in the UK financial and energy sectors / J. Robert Branston [and others].

This book argues that while deregulation definitely aided it, it cannot be the basis for the crisis. Instead of concentrating on the financial side alone, this work attempts to bring the real economy into focus by using a heterodox framework which challenges the current dominant thinking in the discipline. It examines, theoretically and empirically, whether increased income and wealth inequalities and business concentration contributed to the instability in the US economy.

"The collapse of the United States sub-prime mortgage market and 'Credit Crunch' have been blamed on the risky behaviour of financial institutions by many commentators, regulatory agencies and politicians. This edited volume explores how financial crime played a significant role in the global economic crises. The volume features contributions from internationally renowned academic and practitioner experts in the field who pinpoint some of the most important facets of financial crime which have emerged over recent years. Key subjects include: the possibility of criminalising reckless risk-taking on the financial markets; the duty of banks to prevent money-laundering and corruption; the growth of the Shadow Banking System; and the manipulation of LIBOR by banks. The book illustrates the global nature of financial crime, and highlights the complex relationships between regulatory bodies, law enforcement agencies and private actors in the attempt to limit the harmful effect of white collar crime on the stability of the financial sector. This book will be of great use and interest to scholars, practitioners and students within the field of financial crime, banking and finance law, and international political economy"--

The Global Financial Crisis is now widely acknowledged to be the most severe economic downturn since the 1930s. It is unique not only in its gravity and scope, but also in its underlying causes and wider social, political, and economic implications. It continues to generate heated debate amongst economists, historians, pundits, political scientists and the general public. But is has been by and large neglected by philosophers and professional ethicists. Global Financial Crisis: the Ethical Issues begins to remedy this neglect. -- Publisher description.