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The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy

Door Richard C. Koo

Categorie	Economie & Management
Boeknummer	#351713-ZB17
Titel	The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy
Auteur	Koo, Richard C.
Boektype	Gebonden hardcover met stofomslag
Uitgeverij	Singapore : John Wiley & Sons
Jaar van uitgave	2015
ISBN10	1119028124
ISBN13	9781119028123
Taal	Engels
Beschrijving	Original boards, gilt lettered spine, dust jacket, 8vo.
Samenvatting	Compare global experiences during the balance sheet recession and find out what is needed for a full recovery The Escape from Balance Sheet Recession and the QE Trap details the many hidden dangers remaining as the world slowly recovers from the balance sheet recession of 2008. When noted economist Richard Koo's The Holy Grail of Macro-economics was published in 2008, it served as a wake-up call to Americans and Europeans about the impending balance sheet recessions. In his next-step resource, The Escape from Balance Sheet Recession and the QE Trap: A Hazardous Road for the World Economy, Koo issues a warning about the unique political and economic pitfalls that stand in the way of recovery from this rare type of recession. The Escape examines the similarities between Japan in the past a... (Lees verder)nd the West today and presents the basic mechanics of balance sheet recessions. In this book, the author highlights the recent developments in the global economy and contends that the U. S. policy makers who understood the dangers of balance sheet recession steered the country away from the fiscal cliff, which is why it is doing better than Europe. However, the U. S., together with the U. K. and Japan could still face a major challenge in unwinding the quantitative easing (QE), the problematic policy byproduct of a balance sheet recession, in what Koo calls the "QE trap." This book also examines the influence of "Abenomics" (the economic policy of the Abe administration in Japan). It offers a detailed explanation of why this policy has great potential, and if properly leveraged Japan should be able to put the long balance sheet recession and its after-effects behind it for good. The Escape also contends that the European policy makers remain unaware of the balance sheet recession concept and its dire implications. As a result, they are repeating every mistake Japan made during the last two decades including conflating balance sheet problems with structural problems. To remedy this ominous situation, Koo outlines a practical solution to the Euro problem. On China, readers will gain a different historical perspective as Koo argues that western commentators have forgotten their own history when they talk about rebalancing of the Chinese economy. Richard Koo's warnings about the balance sheet recession were prescient in forecasting the 2008 economic collapse and the slow recovery thereafter. Now, The Escape offers Western nations an opportunity to develop a clear understanding of the economic problems they face today and details a solution for overcoming their predicament in order to return to economic normalcy.
Pagina's	320
Conditie	Goed
Prijs	€ 15,00

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