Finance at the Threshold: Rethinking the Real and Financial Economies Budd Christopher Houghton
Finance at the Threshold: Rethinking the Real and Financial Economies Budd Christopher Houghton Every banking crisis, whatever its particular circumstances, has two features in common with every…
Specifikacia Finance at the Threshold: Rethinking the Real and Financial Economies Budd Christopher Houghton
Finance at the Threshold: Rethinking the Real and Financial Economies Budd Christopher Houghton
Every banking crisis, whatever its particular circumstances, has two features in common with every previous one. For many the recent hiatus in inter-bank lending has been seen as a blip - enormous in size and global in scope, but, nonetheless, a blip. Each has been preceded by a period of excessive monetary ease, and by ill thought out regulatory changes.
In it the author asks: Why did the banks stop lending to one another, and why now? Finance at the Threshold offers a unique perspective from an English economic and monetary historian. Was it merely a matter of over-loose credit due to the relaxation of traditional prudence, or did global finance find itself at its limits?
Have government bail-outs saved the day or merely postponed the problem? Christopher Houghton Budd offers a radical view of the global financial crisis, spanning a wide gamut of current thinking. He argues that we
University at the Threshold
Finance and the Good Society