Library Catalog
Amazon cover image
Image from Amazon.com

The Next Economic Disaster : Why It's Coming and How to Avoid It / Richard Vague.

By: Material type: TextTextPublisher: Philadelphia : University of Pennsylvania Press, [2014]Copyright date: ©2014Description: 1 online resource (104 p.) : 24 illusContent type:
Media type:
Carrier type:
ISBN:
  • 9780812247046
  • 9780812291100
Subject(s): DDC classification:
  • 332.722 23
Other classification:
  • online - DeGruyter
Online resources: Available additional physical forms:
  • Issued also in print.
Contents:
Frontmatter -- Contents -- Preface -- Chapter 1: Boom and Crisis -- Chapter 2: The Deleveraging Challenge -- Chapter 3: The Long-Term View -- Conclusion -- Acknowledgments -- Notes
Summary: Current debates about economic crises typically focus on the role that public debt and debt-fueled public spending play in economic growth. This illuminating and provocative work shows that it is the rapid expansion of private rather than public debt that constrains growth and sparks economic calamities like the financial crisis of 2008.Relying on the findings of a team of economists, credit expert Richard Vague argues that the Great Depression of the 1930s, the economic collapse of the past decade, and many other sharp downturns around the world were all preceded by a spike in privately held debt. Vague presents an algorithm for predicting crises and argues that China may soon face disaster. Since American debt levels have not declined significantly since 2008, Vague believes that economic growth in the United States will suffer unless banks embrace a policy of debt restructuring.All informed citizens, but especially those interested in economic policy and history, will want to contend with Vague's distressing arguments and evidence.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9780812291100

Frontmatter -- Contents -- Preface -- Chapter 1: Boom and Crisis -- Chapter 2: The Deleveraging Challenge -- Chapter 3: The Long-Term View -- Conclusion -- Acknowledgments -- Notes

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

Current debates about economic crises typically focus on the role that public debt and debt-fueled public spending play in economic growth. This illuminating and provocative work shows that it is the rapid expansion of private rather than public debt that constrains growth and sparks economic calamities like the financial crisis of 2008.Relying on the findings of a team of economists, credit expert Richard Vague argues that the Great Depression of the 1930s, the economic collapse of the past decade, and many other sharp downturns around the world were all preceded by a spike in privately held debt. Vague presents an algorithm for predicting crises and argues that China may soon face disaster. Since American debt levels have not declined significantly since 2008, Vague believes that economic growth in the United States will suffer unless banks embrace a policy of debt restructuring.All informed citizens, but especially those interested in economic policy and history, will want to contend with Vague's distressing arguments and evidence.

Issued also in print.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)