The Resource Global imbalances and the collapse of globalised finance, Anton Brender, Florence Pisani ; [translated into English by Francis Wells]

Global imbalances and the collapse of globalised finance, Anton Brender, Florence Pisani ; [translated into English by Francis Wells]

Label
Global imbalances and the collapse of globalised finance
Title
Global imbalances and the collapse of globalised finance
Statement of responsibility
Anton Brender, Florence Pisani ; [translated into English by Francis Wells]
Creator
Contributor
Subject
Language
  • eng
  • fre
  • eng
Summary
  • The world economy is just starting to recover from the most disastrous episode in the history f financial globalisation. Understanding what happened is essential. Anton Brender and Florence Pisani, both economics with Dexia Asset Management and teaching at Paris-Dauphine University, argue in this book that the main problems were deeply rooted and are to be found in two tightly linked developments that for many years were left largely uncontrolled the increase in the intensity of international transfers of savings--the so-called ̀global imbalances'--and a wave of innovations--globalised finance--that have changed the way savings and the risks associated with their investment can be transferred
  • Globalised finance allwed continuously increasing amounts of emerging countries' savings, invested in ̀risk-free' assets, to finance loans thta were far frm being risk free. The risks attendant on those loans did not vanish of course, they were carried by the risk-takers of the globalised financial system. Hedge-funds, investment banks, fof-balance-sheet vehicles, etc. functioned here as parts of a genuine alternative banking system, taking on the bulk of the liquidity, interest-rate and credit risks generated by the mismatch between the assets that emerging regions' savers were ready to--or could--invest in and the liabilities developed countries' borrowers issued. Unfortunately, n one was in charge of keeping in check eitther the quantity of risk being accumalated in this way oor the quality of the loans generating those risks. The consequence was terrible the only force that could finally rein in the continuous deepening of the global imbalances was the collapse of gloabalised finance. --Book Jacket
Cataloging source
BWX
http://library.link/vocab/creatorName
Brender, Anton
Illustrations
illustrations
Index
no index present
LC call number
HG3882
LC item number
.B746 2010
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Pisani, Florence
  • Brender, Anton
  • Brender, Anton
http://library.link/vocab/subjectName
  • Global Financial Crisis
  • Balance of payments
  • Global Financial Crisis, 2008-2009
  • International finance
  • International economic integration
  • Financial crises
  • Finances internationales
  • Déséquilibres des paiements
  • Système monétaire international
  • Crédit à risques
  • Mondialisation
  • Crise financière
  • Balance of payments
  • Financial crises
  • International economic integration
  • International finance
  • Monde
Label
Global imbalances and the collapse of globalised finance, Anton Brender, Florence Pisani ; [translated into English by Francis Wells]
Instantiates
Publication
Note
The text is derived from two works by Brender and Pisani previously published in French: Les déséquilibres financiers internationaux (2007) and La crise de la finance globalisée (2009)
Bibliography note
Includes bibliographical references (p. 175-179)
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Dimensions
24 cm
Extent
ii, 179 pages
Isbn
9789290799436
Isbn Type
(pbk.)
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
  • (OCoLC)644521497
  • (OCoLC)ocn644521497
Label
Global imbalances and the collapse of globalised finance, Anton Brender, Florence Pisani ; [translated into English by Francis Wells]
Publication
Note
The text is derived from two works by Brender and Pisani previously published in French: Les déséquilibres financiers internationaux (2007) and La crise de la finance globalisée (2009)
Bibliography note
Includes bibliographical references (p. 175-179)
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Dimensions
24 cm
Extent
ii, 179 pages
Isbn
9789290799436
Isbn Type
(pbk.)
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
  • (OCoLC)644521497
  • (OCoLC)ocn644521497

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