Against the Consensus

Reflections on the Great Recession

Business & Finance, Economics, Money & Monetary Policy, Macroeconomics
Cover of the book Against the Consensus by Justin Yifu Lin, Cambridge University Press
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Author: Justin Yifu Lin ISBN: 9781107289901
Publisher: Cambridge University Press Publication: July 4, 2013
Imprint: Cambridge University Press Language: English
Author: Justin Yifu Lin
ISBN: 9781107289901
Publisher: Cambridge University Press
Publication: July 4, 2013
Imprint: Cambridge University Press
Language: English

In June 2008, Justin Yifu Lin was appointed Chief Economist of the World Bank, right before the eruption of the worst global financial and economic crisis since the Great Depression. Drawing on experience from his privileged position, Lin offers unique reflections on the cause of the crisis, why it was so serious and widespread, and its likely evolution. Arguing that conventional theories provide inadequate solutions, he proposes new initiatives for achieving global stability and avoiding the recurrence of similar crises in the future. He suggests that the crisis and the global imbalances both originated with the excess liquidity created by US financial deregulation and loose monetary policy, and recommends the creation of a global Marshall Plan and a new supranational global reserve currency. This thought-provoking book will appeal to academics, graduate students, policy makers, and anyone interested in the global economy.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

In June 2008, Justin Yifu Lin was appointed Chief Economist of the World Bank, right before the eruption of the worst global financial and economic crisis since the Great Depression. Drawing on experience from his privileged position, Lin offers unique reflections on the cause of the crisis, why it was so serious and widespread, and its likely evolution. Arguing that conventional theories provide inadequate solutions, he proposes new initiatives for achieving global stability and avoiding the recurrence of similar crises in the future. He suggests that the crisis and the global imbalances both originated with the excess liquidity created by US financial deregulation and loose monetary policy, and recommends the creation of a global Marshall Plan and a new supranational global reserve currency. This thought-provoking book will appeal to academics, graduate students, policy makers, and anyone interested in the global economy.

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