{"product_id":"the-global-economic-system-george-chacko-9780134119717","title":"The Global Economic System: How Liquidity Shocks Affect Financial Institutions and Lead to Economic Crises","description":"Written for financial professionals, the authors thoroughly explain the modern global credit system; the roles of banks, hedge funds, insurers, central banks, mortgage markets, and other participants; and the credit-related instruments they rely on. In particular, the authors illuminate the crucial importance of liquidity, and show why liquidity failures have been the key cause of all major market crashes for the past several decades. \u003cb\u003e\u003ci\u003eThe Global Financial System\u003c\/i\u003e\u003c\/b\u003e thoroughly examines economic environments in which slow de-leveraging leads to prolonged sluggish growth, and compares today's environment to other periods of deleveraging, such as the Great Depression and the Japanese economic meltdown of the '90s and '00s. It predicts potential pathways for the current crisis, and offers essential guidance to both policymakers and investment decision-makers.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e George Chacko,Carolyn Evans,Hans Gunawan\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0134119711\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780134119717\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e FT Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 06\/12\/2011\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 288\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.71lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.25h x 5.37w x 0.61d","brand":"George Chacko","offers":[{"title":"Paperback","offer_id":48443295498495,"sku":"9780134119717","price":34.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_cbba7b7e-afd1-4d2a-b76e-fa4b7db625df.jpg?v=1777204546","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-global-economic-system-george-chacko-9780134119717","provider":"WR Book House","version":"1.0","type":"link"}