The Escape from Balance Sheet Recession and the Qe Trap
Richard C. Koo
Gebundenes Buch

The Escape from Balance Sheet Recession and the Qe Trap

A Hazardous Road for the World Economy

Versandkostenfrei!
Versandfertig in 2-4 Wochen
37,99 €
inkl. MwSt.
Weitere Ausgaben:
PAYBACK Punkte
19 °P sammeln!
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. 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. Koo 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. However, because of the liberal dosage of quantitative easing already implemented, the United States, the United Kingdom, and Japan may face a treacherous path to normalcy in what Koo calls the QE Trap. He argues that it is necessary to understand balance sheet recession in order to resolve the Eurozone crisis, particularly the competitiveness problems.
* 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. The Escape from Balance Sheet Recession and the QE Trap offers the world cure for balance sheet recession.