Modern Financial Crises

Name: Modern Financial Crises
Brand: Springer Nature
SKU: 9783319209906
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Springer Nature

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9783319209906

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Product Description

This book is devoted to the analysis of the three main financial crises that have marked this century: 2001 Argentinas defaulting on its external debt, the American subprime crisis in 2008, and the current European debt crisis in Europe. The book pursues three major objectives: firstly, to accurately portray these three financial crises; secondly, to analyze what went wrong with mainstream economic theory, which was unable to foresee these types of economic turmoil; and thirdly, to review macroeconomic theory, re-evaluating Keynes original contribution to economic analysis and pointing out the need to rebuild macroeconomics with a view to studying economic illness rather than trying to prove the non-existence of economic problems.

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