Crash and Beyond: Causes and Consequences of the Global Financial Crisis

5 avg rating
( 1 ratings by Goodreads )
 
9780199578016: Crash and Beyond: Causes and Consequences of the Global Financial Crisis
View all copies of this ISBN edition:
 
 

In 2007-2008 the world was plunged into a financial and economic crash. This book explores the multiple entwined roots of the crash, including the build-up of global economic imbalances, the explosion in the use of novel financial instruments, the mismanagement of risk, and the specific roles played by housing and debt. It reviews the evidence that on the eve of the crash all was not well and that many political and finance industry leaders ignored the dangers. The book details the key events of the crash, and explains the main amplification mechanisms. Instead of a blow-by-blow account of the numerous bank rescue programs, it uses an economics lens to dissect the logic of each category of rescue measure to make them more digestible for the lay reader. It pays particular attention to the hidden ways in which rescue measures worked and their longer-term consequences, and investigates why some approaches were favoured over others, who will ultimately bear the costs, what political constraints shaped outcomes, and to what degree new risks were created and problems only delayed. Half the book is devoted to the numerous policy struggles after the crash. It evaluates fiscal and monetary policy measures used to rescue economies, efforts to tackle unemployment, proposals for dealing with collapsing housing markets, the widespread application of austerity and the battles over long-term sovereign debt. A chapter is devoted to the handling of the Eurozone crash and policymakers struggles to fix it, and another to the continuing risks of global economic instabilities, some old and some newly-created. It reviews reforms of mortgage markets, monetary policy and banking designed to make such disasters less likely in the future. Written before, during, and in the years immediately after the crash, the book is a lively chronicle and engaging analysis of the events and thinking of these years and of the economic and political constraints that shaped responses. The book's arguments ta

"synopsis" may belong to another edition of this title.

Review:

“Andrew Farlow has written a most entertaining book on the Financial Crash, (Before, During and Beyond), that hides considerable scholarship (a 20 page bibliography of academic papers) behind a lively tale of the human frailties revealed. If I had to recommend a single volume on what happened to the inquisitive non-expert, this would be it.”

Charles Goodhart, Emeritus Professor, Banking and Finance, London School of Economics

“Andrew Farlow has added his strong voice to [the] gathering discussion...compelling reading...a fine addition to the crisis/recession discourse...a fine start on banking reform...Does Farlow point the way to the definitive text on the crisis...?”

Joel Campbell, International Affairs

“[Farlow] does not simplify his analysis to reach quick fixes...Farlow does it with the flair of a novelist or a journalist. Indeed, his book is a bridge between an academic treatise and a journalistic account. While doing this, he does not sacrifice the nuances of financial analysis or the rigours of an economist...His chapters on the crash and rescue (4 to 6) provide original material...The most interesting account relates to the collapse of Lehman Brothers...Farlow is clinical in his analysis...The present reviewer has not come across a similar account of Lehman collapse in any other study...[Farlow] has gone deep into the bail-out attempts...Similarly, his discussions on quantitative easing (QE) are balanced and incisive...[A] scholarly book which enriches our understanding of the crisis...[Farlow] says he would be happy if the book serves as a collective memory of the crash and its bitter aftertaste and acts as guidance or warning to handle future crises. Indeed, he has succeeded.”

K. Subramanian, The HINDU

“Andrew Farlow’s book is rare in showing how [the] various factors interacted to create the gravest situation faced by the global economy since the Great Depression that followed the crash of 1929...Farlow’s focus on the importance of income inequality and deficiency of demand is refreshingly Keynesian in flavour...If we are to search for a single underlying cause of the crisis, it is in fact here...Crash and Beyond does much more than simply consider the causes of the crisis; it also looks to the policy response. It considers what policymakers have got right, who will bear the costs and what needs to be changed. At this point, Farlow sounds alarm bells, arguing that many of the policies that have helped in the short term (such as aiding the banks and the policy of quantitative easing) have created new risks.”

Victoria Bateman, Times Higher Education

“In 2004-05, [Farlow] wrote about how, after the equity bubble in the late 1990s, money was flowing into debt, especially mortgage finance, and how this could lead to another crisis. The theoretical possibility he thought of materialised soon...The crisis gave Farlow a reputation as an economic astrologer, and brought him many invitations to speak and attest. While this book deals with the crisis, it has a broader subject...This is not a dry and dusty book in economics; much drama has gone into it. Farlow covers the theoretical debates; but he also goes deep into the events and sequences, the errors and consequences.”

Ashok V Desai, Businessworld

“Very, very compelling research...refreshing...fascinating the way [Farlow] writes about it, the way [he] describes it, and the research [he] brings...in a very readable fashion...dealing with extremely sophisticated systems and to boil it down to where the average person can start to really comprehend what took place so that they can better understand how to react in the future...It is very, very important we look back and understand better what took place and make more informed decisions when it comes to our own finances or how we vote...Absolutely fascinating.”

Bill Kearney, Financial Spectrum, WKXL Concord News Radio

"Instead of a blow-by-blow account of the numerous bank rescue programmes, [Farlow’s] book uses an economics lens to dissect the logic of each category of rescue measure to make them more digestible for the lay reader...Half the book is devoted to the numerous policy struggles after the crash. Written before, during and in the years immediately after the crash, the book is a lively chronicle and engaging analysis of the events and thinking of these years and of the economic and political constraints that shaped responses...a timely analysis...a scholarly, yet highly accessible, account that will appeal to a wide audience and contribute to the public debate about the lessons to be learnt and future policy options.”

India Business Review

“A name to watch...A lively narrative, scholarly but with lay appeal, too.”

Oxford Today

About the Author:

Andrew Farlow is Research Fellow in Economics at Oriel College, University of Oxford. Educated in economics at the University of Cambridge and the University of Oxford, he currently works in a range of areas of financial economics, including financial bubbles and instability, and global health financing. He has provided advice to a wide variety of public and private sector organizations including: Credit Suisse First Boston; the World Health Organisation; UK Department for International Development; Bill and Melinda Gates Foundation; George Institute for International Health; Office of Health Economics, London; TB Alliance; Aeras Global TB Foundation; Médecins Sans Frontières; Wellcome Trust; and a range of governments.

"About this title" may belong to another edition of this title.

Shipping: £ 7.50
From United Kingdom to U.S.A.

Destination, rates & speeds

Add to Basket

Other Popular Editions of the Same Title

9780198822783: Crash and Beyond: Causes and Consequences of the Global Financial Crisis

Featured Edition

ISBN 10:  0198822782 ISBN 13:  9780198822783
Publisher: Oxford University Press, 2018
Softcover

9780191617812: Crash and Beyond

Not Avail, 2014
Softcover

Top Search Results from the AbeBooks Marketplace

1.

Farlow, Andrew
Published by Oxford Univ Pr (2011)
ISBN 10: 019957801X ISBN 13: 9780199578016
New Hardcover Quantity Available: 1
Seller:
Revaluation Books
(Exeter, United Kingdom)

Book Description Oxford Univ Pr, 2011. Hardcover. Condition: Brand New. 1st edition. 448 pages. 9.21x6.14x0.12 inches. In Stock. Seller Inventory # 019957801X

More information about this seller | Contact this seller

Buy New
£ 13.63
Convert currency

Add to Basket

Shipping: £ 7.50
From United Kingdom to U.S.A.
Destination, rates & speeds

2.

Andrew Farlow
Published by Oxford University Press OUP
ISBN 10: 019957801X ISBN 13: 9780199578016
New Quantity Available: 2
Seller:
Books Puddle
(New York, NY, U.S.A.)

Book Description Oxford University Press OUP. Condition: New. pp. xiv + 418. Seller Inventory # 262071832

More information about this seller | Contact this seller

Buy New
£ 20.28
Convert currency

Add to Basket

Shipping: £ 3.04
Within U.S.A.
Destination, rates & speeds

3.

Farlow Andrew
Published by Oxford University Press
ISBN 10: 019957801X ISBN 13: 9780199578016
New Quantity Available: 2
Seller:
Majestic Books
(London, United Kingdom)

Book Description Oxford University Press. Condition: New. pp. xiv + 418. Seller Inventory # 6824647

More information about this seller | Contact this seller

Buy New
£ 20.33
Convert currency

Add to Basket

Shipping: £ 5.50
From United Kingdom to U.S.A.
Destination, rates & speeds

4.

Andrew Farlow
Published by Oxford University Press (2013)
ISBN 10: 019957801X ISBN 13: 9780199578016
New Hardcover First Edition Quantity Available: 1
Seller:
Vedams eBooks (P) Ltd
(New Delhi, India)

Book Description Oxford University Press, 2013. Hardcover. Condition: New. Dust Jacket Condition: New. 1st Edition. In 2008 the world was plunged into financial and economic crisis. This book explores the multiple roots of the crisis, including the build-up of global economic imbalances, the explosion in the use of novel financial instruments, the mismanagement of risk, and the specific roles played by housing and debt. It reviews the evidence that, on the eve of the crisis, all was not well and that many policy makers and finance industry leaders ignored the dangers. The book examines in depth the measures taken to rescue the financial system and to stabilize the global economy. It strives to be fair in judgment, bearing in mind what policy makers knew at the time and the fast-changing nature of the problems they faced. It pays particular attention to the short-term impacts and longer-term consequences of the measures taken, and investigates why some approaches were favored over others, who will ultimately bear the costs, what political constraints shaped outcomes, and to what degree new risks were created and problems only delayed. The book describes the many difficulties that lie ahead when rescue measures--such as quantitative easing, large government deficits, and bank rescue schemes--are unwound. It explores the continuing challenges of achieving a more balanced global economy, the often painful balance-sheet adjustments that will need to be made in both the private and the public sectors, the options for financial reform, and the hazards that financial bubbles will continue to pose. The book's arguments take on added authority given that the author had identified, and called attention to, key features of the crisis before it unfolded. It is a very timely analysis of how policy makers arrived where they are now and of the many hurdles that still lie ahead. It provides a lively and accessible account that will appeal to a wide audience and contribute to an informed public debate about the lessons to be learnt and about future policy options. Seller Inventory # 111952

More information about this seller | Contact this seller

Buy New
£ 26.44
Convert currency

Add to Basket

Shipping: £ 11.78
From India to U.S.A.
Destination, rates & speeds

5.

Andrew Farlow
Published by Oxford University Press, United Kingdom (2013)
ISBN 10: 019957801X ISBN 13: 9780199578016
New Hardcover Quantity Available: 1
Seller:
Book Depository hard to find
(London, United Kingdom)

Book Description Oxford University Press, United Kingdom, 2013. Hardback. Condition: New. Language: English. Brand new Book. In 2007-2008 the world was plunged into a financial and economic crash. This book explores the multiple entwined roots of the crash, including the build-up of global economic imbalances, the explosion in the use of novel financial instruments, the mismanagement of risk, and the specific roles played by housing and debt. It reviews the evidence that on the eve of the crash all was not well and that many political and finance industry leaders ignored the dangers.The book details the key events of the crash, and explains the main amplification mechanisms. Instead of a blow-by-blow account of the numerous bank rescue programs, it uses an economics lens to dissect the logic of each category of rescue measure to make them more digestible for the lay reader. It pays particular attention to the hidden ways in which rescue measures worked and their longer-term consequences, and investigates why some approaches were favoured over others, who will ultimatelybear the costs, what political constraints shaped outcomes, and to what degree new risks were created and problems only delayed.Half the book is devoted to the numerous policy struggles after the crash. It evaluates fiscal and monetary policy measures used to rescue economies, efforts to tackle unemployment, proposals for dealing with collapsing housing markets, the widespread application of austerity and the battles over long-term sovereign debt. A chapter is devoted to the handling of the Eurozone crash and policymakers struggles to fix it, and another to the continuing risks of global economic instabilities, some oldand some newly-created. It reviews reforms of mortgage markets, monetary policy and banking designed to make such disasters less likely in the future. Written before, during, and in the years immediately after the crash, the book is a lively chronicle and engaging analysis of the events andthinking of these years and of the economic and political constraints that shaped responses.The book's arguments take on added authority given that the author had identified, and called attention to, key features of the crash before it happened. It is a very timely analysis of how policymakers arrived where they are now and of the many hurdles that still lie ahead. It provides a scholarly yet highly accessible account that will appeal to a wide audience and contribute to the public debate about the lessons to be learnt and future policy options. Seller Inventory # BTE9780199578016

More information about this seller | Contact this seller

Buy New
£ 51.89
Convert currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, rates & speeds

6.

CRASH AND BEYOND CAUSES AND CONSEQUENCES OF THE GLOBAL FINANCIAL CRISIS (HARDBACK) -
ISBN 10: 019957801X ISBN 13: 9780199578016
New Quantity Available: 1
Print on Demand
Seller:
Herb Tandree Philosophy Books
(Stroud, GLOS, United Kingdom)

Book Description 2019. Condition: NEW. 9780199578016 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. Print on Demand title, produced to the highest standard, and there would be a delay in dispatch of around 10 working days. For all enquiries, please contact Herb Tandree Philosophy Books directly - customer service is our primary goal. Seller Inventory # HTANDREE01567720

More information about this seller | Contact this seller

Buy New
£ 46.58
Convert currency

Add to Basket

Shipping: £ 8
From United Kingdom to U.S.A.
Destination, rates & speeds

7.

ANDREW FARLOW
ISBN 10: 019957801X ISBN 13: 9780199578016
New Quantity Available: 1
Seller:
University Bookstore
(DELHI, DELHI, India)

Book Description Condition: New. This is Brand New. Seller Inventory # Oxford-07-04122019-4275

More information about this seller | Contact this seller

Buy New
£ 73.18
Convert currency

Add to Basket

Shipping: £ 8.41
From India to U.S.A.
Destination, rates & speeds

8.

Farlow, Andrew
Published by Oxford University Press (2013)
ISBN 10: 019957801X ISBN 13: 9780199578016
New Hardcover Quantity Available: 1
Seller:
Vikram Jain Books
(New Delhi, India)

Book Description Oxford University Press, 2013. Hardcover. Condition: New. Seller Inventory # BD1-9780199578016

More information about this seller | Contact this seller

Buy New
£ 113.23
Convert currency

Add to Basket

Shipping: £ 5.47
From India to U.S.A.
Destination, rates & speeds

9.

Farlow, Andrew
Published by Oxford University Press (2013)
ISBN 10: 019957801X ISBN 13: 9780199578016
New Hardcover Quantity Available: 1
Seller:
BookVistas
(New Delhi, India)

Book Description Oxford University Press, 2013. Hardcover. Condition: New. 6.3 x 9.3 cm. Seller Inventory # BD1-9780199578016

More information about this seller | Contact this seller

Buy New
£ 113.23
Convert currency

Add to Basket

Shipping: £ 5.47
From India to U.S.A.
Destination, rates & speeds