Kod: 04855442
Investigating why the 1990s was a decade of financial crises that almost precipitated a global market crash, this book explores the reasons why the global economy still struggles with the aftermath of these crises and discusses th ... więcej
58.66 €
Zwykle: 65.14 €
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Investigating why the 1990s was a decade of financial crises that almost precipitated a global market crash, this book explores the reasons why the global economy still struggles with the aftermath of these crises and discusses the possibility that volatile financial markets in the future will have real impacts on whole industries and national economic systems. The author highlights the central role that domestic and international financial markets play in determining the economic growth rate, unemployment rate and international payments position of capitalist economies. He explains why the primary function of financial markets is to create liquidity and demonstrates that a liquid market cannot be efficient, and an efficient market cannot be liquid. He also proves that preventing liquidity problems from developing in national and international financial markets is the key element in fostering prosperity. Statistical evidence and theoretical analysis are combined to demonstrate why orthodox prescriptions for "liberalizing" labour, product and capital markets are the wrong policies for promoting a civilized society in the 21st century.
Kategoria Książki po angielsku Economics, finance, business & management Economics Macroeconomics
58.66 €
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