| 000 | 03099cam a2200397 i 4500 | ||
|---|---|---|---|
| 001 | 18736827 | ||
| 005 | 20180807133415.0 | ||
| 008 | 150810s2016 njua b 001 0 eng | ||
| 010 | _a 2015015015 | ||
| 020 | _a9780691169644 (hardback : alk. paper) | ||
| 020 | _a0691169640 (hardback : alk. paper) | ||
| 040 |
_aDLC _beng _cDLC _erda _dDLC |
||
| 042 | _apcc | ||
| 050 | 0 | 0 |
_aHG3881 _b.T88 2016 |
| 082 | 0 | 0 |
_a332.042 T942b 2016 _223 |
| 100 | 1 |
_aTurner, Adair _918549 |
|
| 245 | 1 | 0 |
_aBetween debt and the devil : _bmoney, credit, and fixing global finance / _cAdair Turner. |
| 260 |
_aPrinceton University Press _bPrinceton _c2016 |
||
| 300 |
_axiv, 302 pages : _billustrations ; _c25 cm |
||
| 504 | _aIncludes bibliographical references and index. | ||
| 520 | _a"Adair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye-opening book, he sets the record straight about what really caused the crisis. It didn't happen because banks are too big to fail--our addiction to private debt is to blame. Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth--but it drives real estate booms and busts and leads to financial crisis and depression. Turner explains why public policy needs to manage the growth and allocation of credit creation, and why debt needs to be taxed as a form of economic pollution. Banks need far more capital, real estate lending must be restricted, and we need to tackle inequality and mitigate the relentless rise of real estate prices. Turner also debunks the big myth about fiat money--the erroneous notion that printing money will lead to harmful inflation. To escape the mess created by past policy errors, we sometimes need to monetize government debt and finance fiscal deficits with central-bank money. Between Debt and the Devil shows why we need to reject the assumption that private credit is essential to growth and fiat money is inevitably dangerous. Each has its advantages, and each creates risks that public policy must consciously balance. "-- | ||
| 650 | 0 |
_aFinanzas Internacionales _97626 |
|
| 650 | 0 |
_aFinanzas. _93952 |
|
| 650 | 0 |
_aInstituciones financieras _918550 |
|
| 650 | 0 |
_aCreditos _915158 |
|
| 650 | 0 |
_aCrisis financiera _918551 |
|
| 650 | 0 |
_aPolítica monetaria _91165 |
|
| 650 | 0 |
_aPolítica económica _9336 |
|
| 650 | 7 |
_aEconomía y negocios _98765 |
|
| 650 | 7 |
_aEconomía y Negocios /finanzas públicas _2bisacsh _918552 |
|
| 650 | 7 |
_aEconomía y negocios / condiciones económicas. _2bisacsh _918553 |
|
| 650 | 7 |
_aEconomía y negocios / Gobierno y negocios _2bisacsh _918554 |
|
| 650 | 7 |
_aEconomía y negocios / Economía _2bisacsh _918555 |
|
| 942 |
_2ddc _cLIBRO |
||
| 999 |
_c11243 _d11243 |
||