Before the onset of the global financial crisis in late 2008, countries in Eastern Europe and Central Asia (ECA) experienced strong economic growth. Demand for electricity increased steadily with gross domestic product (GDP). GDP grew, on average, 6.5 percent between 2000 and 20…
Discusses the analysis behind the designation of BRIC, an acronym for Brazil, Russia, India, and China, as the four high-growth countries of the twenty-first century and looks at other countries of the world which are also posed for high growth in the future.
This book studies unemployment and inflation in economic crises, first considering the scenario of a demand shock in Europe. In that case, monetary and fiscal interaction would cause widespread oscillations in European unemployment and European inflation. And what is more, there…
"Global crises are very rare events. After the Great Depression and the Great Stagflation, new macroeconomic paradigms associated with a new policy regime emerged. This book addresses how some macroeconomic ideas have failed and examines which theories researchers should preserv…
Over the last several decades, the United States has undergone one of the most radical social and economic transformations in its history: Finance has become America's dominant industry, while manufacturing has nearly disappeared. The financial sector has become increasingly cri…
The next financial collapse will resemble nothing in history. Deciding upon the best course to follow will require comprehending a minefield of risks, while poised at a crossroads, pondering the death of the dollar." The international monetary system has collapsed three times in…
