{"product_id":"fixing-global-finance-martin-wolf-9780801895739","title":"Fixing Global Finance","description":"\u003cp\u003eSince 2008, when \u003ci\u003eFixing Global Finance\u003c\/i\u003e was first published, the collapse of the housing and credit bubbles of the 2000s has crippled the world's economy. In this updated edition, \u003ci\u003eFinancial Times\u003c\/i\u003e columnist Martin Wolf explains how global imbalances helped cause the financial crises now ravaging the U.S. economy and outlines steps for ending this destructive cycle--of which this is the latest and biggest. An expanded conclusion recommends near- and long-term measures to stabilize and protect financial markets in the future. \u003cbr\u003e \u003cbr\u003eReviewing global financial crises since 1980, Wolf lays bare the links between the microeconomics of finance and the macroeconomics of the balance of payments, demonstrating how the subprime lending crisis in the United States fits into a pattern that includes the economic shocks of 1997, 1998, and early 1999 in Latin America, Russia, and Asia. He explains why the United States became the \"borrower and spender of last resort,\" makes the case that this was an untenable arrangement, and argues that global economic security depends on radical reforms in the international monetary system and the ability of emerging economies to borrow sustainably in domestic currencies.\u003c\/p\u003e\u003cp\u003eSharply and clearly argued, Wolf's prescription for fixing global finance illustrates why he has been described as \"the world's preeminent financial journalist.\"\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Martin Wolf\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0801895731\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780801895739\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Johns Hopkins University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 03\/25\/2010\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 272\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.85lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.90h x 6.00w x 0.70d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eReference and Research Bk News\u003c\/i\u003e 08\/01\/2010 pg. 121","brand":"Martin Wolf","offers":[{"title":"Paperback","offer_id":45477236211967,"sku":"9780801895739","price":25.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_3c46f29e-a64b-4e38-9565-a88cdfae53db.jpg?v=1715919427","url":"https:\/\/www.whiterainbookhouse.com\/products\/fixing-global-finance-martin-wolf-9780801895739","provider":"WR Book House","version":"1.0","type":"link"}