Abstract
The book demonstrates that a complex set of the US monetary, fiscal, and geopolitical policies were responsible for the Global Financial Crisis of 2008. The paradoxes, however, consisted in the rational economic, financial and political foundations of these well-intentioned policies that, nevertheless, led to disastrous results. The GFC, therefore, appeared to be not only a crisis of financial and economic activity, but also a crisis of popular academic theories of economics and markets.
| Translated title of the contribution | Epicenter: Paradoxes of Global Financial Crisis |
|---|---|
| Original language | Russian |
| Place of Publication | Saint-Petersburh |
| Publisher | Higher School of Economics Saint Petersburg |
| Number of pages | 224 |
| Volume | 48 |
| ISBN (Print) | 9785903816071 |
| Publication status | Published - 10 May 2010 |
Keywords
- global financial crisis
- monetary policy
- federal reserve
- fiscal policy
