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.
This work explores the IMF's role within the politics of austerity by providing a path-breaking comprehensive analysis of how the IMF approach to fiscal policy has evolved since 2008, and how the IMF worked to alter advanced economy policy responses to the global financial crisis and the Eurozone crisis. It updates our understanding of how the IMF seeks to wield ideational power by analysing the Fund's post-crash their ability to influence what constitutes legitimate knowledge, and their ability fix meanings attached to economic policies within the social process of constructing economic orthodoxy. This text is interested in the politics of economic ideas, focused on the assumptive foundations of different approaches to economic policy, and how the interpretive framework through which authoritative voices evaluate economic policy is an important site of power in world politics.
"Over the last two decades there has been a notable increase in the number of corporate governance codes and principles, as well as a range of improvements in structures and mechanisms. Despite this, corporate governance failed to prevent a widespread default of fiduciary duties of corporate boards and managerial responsibilities in the finance industry, which contributed to the 2007-2010 global financial crisis. This book brings together leading scholars from North America, Europe, Asia-Pacific and the Middle East to provide fresh and critical analytical insights on the systemic failures of corporate governance linked to the global financial crisis. Contributors draw from a range of disciplines to demonstrate the severe limitations of the dominant corporate governance framework and its associated market-oriented approach. They provide suggestions on how the governance problems could be tackled to prevent or mitigate any future financial crisis and explore new directions for post-crisis corporate governance research and reforms"--
Financial crisis origin -- Banking sector stress tests: United States versus the European Union -- Is the U.S. economy on the mend? -- Global recovery prospects: North America and Europe, Asia, and South America -- Hedge funds and derivatives, credit default swaps, and rating agencies -- U.S. and EU regulatory proposals: how strict? How cooperative? -- Will the dollar remain a reserve currency? -- The Great Depression and the current financial crisis -- The future of American capitalism
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. .--