Learn from Japan which experienced the same predicament afflicting the West fifteen years earlier Discover how unwinding of quantitative easing will affect the United States, the United Kingdom, Japan, as well as the emerging world Examine solutions to the Eurozone problems caused by two balance sheet recessions eight years apart Gain insight into China s problems from the West s own experiences with urbanisation Koo, who developed the concept of balance sheet recession based on Japan s experience, took the revolution in macroeconomics started by John Maynard Keynes in 1936 to a new height, koo issues warnings against those who are too ready to argue for structural reforms when the problems are actually with balance sheets.
Koo anticipated the current predicament in the West long before others and issued warnings in his previous books: Balance Sheet Recession and The Holy Grail of Macroeconomics, he argues that it is necessary to understand balance sheet recession in order to resolve the Eurozone crisis, particularly the competitiveness problems.
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, this new book illustrates how history is repeating itself in Europe while the United States, which learnt from the Japanese experience, is doing better by avoiding the fiscal cliff.
On China, readers will gain a very different historical perspective as Koo argues that western commentators have forgotten their own history when they talk about the re-balancing of the Chinese economy, author and leading economist Richard Koo explains the unique political and economic pitfalls that stand in the way of recovery from this rare type of recession that was largely overlooked by economists.
The Escape from Balance Sheet Recession and the QE Trap offers the world cure for balance sheet recession, he re-examines Japan s two decades of experiences with this rare recession and offers an insider view on the Abenomics.
Автор: Loeffler Bruce.
Жанр книги: Наука, обучение.
Объем: 280 стр. 20 иллюстраций
Возрастное ограничение: 0+
Правообладатель: John Wiley & Sons Limited
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