Lost Decades The Making of America's Debt Crisis and the Long Recovery

Name: Lost Decades The Making of America's Debt Crisis and the Long Recovery
Availability: InStock
ISBN: 9780393344103

ISBN-10: 039334410X

ISBN-13: 9780393344103

Edition: 2012

Authors: Menzie D. Chinn, Jeffry A. Frieden

List price: $23.95

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Description:

The U.S. economy lost the first decade of the twenty-first century to an ill-conceived boom and subsequent bust. It is in danger of losing another decade to the stagnation of an incomplete recovery. How did this happen? Read this lucid explanation of the origins and long-term effects of the recent financial crisis, drawn in historical and comparative perspective by two leading political economists.By 2008 the United States had become the biggest international borrower in world history, with more than two-thirds of its $6 trillion federal debt in foreign hands. The proportion of foreign loans to the size of the economy put the United States in league with Mexico, Indonesia, and other…

Book details

List price: $23.95
Copyright year: 2012
Publisher: W. W. Norton & Company, Incorporated
Publication date: 10/1/2012
Binding: Paperback
Pages: 306
Size: 0.55" wide x 0.83" long x 0.08" tall
Weight: 0.528
Language: English

Menzie D. Chinn teaches at the University of Wisconsin, Madison, and coauthors the influential blog Econbrowser.



Figures


Preface


Acknowledgments



Welcome to Argentina: How America Borrowed Its Way into a Debt Crisis



Borrowing, Boom, and Bust: The Capital Flow Cycle



Risky Business Models



The Death Spiral



Bailout



Economy in Shock



The World's Turn



What Is to Be Done?



Conclusion


Notes


Index