عنوان

Fault lines :

(Number (ISBN

0691146837

(Number (ISBN

9780691146836 (acid-free paper)

Number

dltt

Title Proper

Fault lines :

General Material Designation

[Book]

Other Title Information

how hidden fractures still threaten the world economy /

First Statement of Responsibility

Raghuram G. Rajan

Place of Publication, Distribution, etc.

Princeton :

Name of Publisher, Distributor, etc.

Princeton University Press,

Date of Publication, Distribution, etc.

c2010

Specific Material Designation and Extent of Item

x, 260 p. ;

Dimensions

24 cm

Text of Note

Includes bibliographical references (p. 231-246) and index

Text of Note

Let them eat credit -- Exporting to grow -- Flighty foreign financing -- A weak safety net -- From bubble to bubble -- When money is the measure of all worth -- Betting the bank -- Reforming finance -- Improving access to opportunity in America -- The fable of the bees replayed

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Text of Note

Raghuram Rajan was one of the few economists who warned of the global financial crisis before it hit. Rajan shows how the individual choices that collectively brought about the economic meltdown--made by bankers, government officials, and ordinary homeowners--were rational responses to a flawed global financial order in which the incentives to take on risk are incredibly out of step with the dangers those risks pose. He traces the deepening fault lines in a world overly dependent on the indebted American consumer to power global economic growth and stave off global downturns. He exposes a system where America's growing inequality and thin social safety net create tremendous political pressure to encourage easy credit and keep job creation robust, no matter what the consequences to the economy's long-term health; and where the U.S. financial sector, with its skewed incentives, is the critical but unstable link between an overstimulated America and an underconsuming world

Economic history-- 21st century

Global Financial Crisis, 2008-2009

Income distribution-- United States-- History-- 21st century

United States, Social conditions, 21st century

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Number

Edition

Class number

Class number

Book number

Book number

Rajan, Raghuram

Date of Transaction

20110610090648.0

Electronic name

[Book]

Y