02039nam a22003018a 4500001001600000003000700016005001700023006001900040007001500059008004100074020002600115020002900141040002400170050002800194082001900222100003100241245010600272264005200378300005900430336002600489337002600515338003600541500007300577520094200650650003901592776003501631856007101666CR9781139855709UkCbUP20180107143411.0m|||||o||d||||||||cr||||||||||||121105s2013||||enk     s     ||1 0|eng|d  a9781139855709 (ebook)  z9781107038875 (hardback)  aUkCbUPcUkCbUPerda00aHB3717 b2008 .L57 201300a330.9/05112231 aLin, Justin Yifu,eauthor.10aAgainst the Consensus :bReflections on the Great Recession / [electronic resource]cJustin Yifu Lin. 1aCambridge :bCambridge University Press,c2013.  a1 online resource (273 pages) :bdigital, PDF file(s).  atextbtxt2rdacontent  acomputerbc2rdamedia  aonline resourcebcr2rdacarrier  aTitle from publisher's bibliographic system (viewed on 09 Oct 2015).  aIn June 2008, Justin Yifu Lin was appointed Chief Economist of the World Bank, right before the eruption of the worst global financial and economic crisis since the Great Depression. Drawing on experience from his privileged position, Lin offers unique reflections on the cause of the crisis, why it was so serious and widespread, and its likely evolution. Arguing that conventional theories provide inadequate solutions, he proposes new initiatives for achieving global stability and avoiding the recurrence of similar crises in the future. He suggests that the crisis and the global imbalances both originated with the excess liquidity created by US financial deregulation and loose monetary policy, and recommends the creation of a global Marshall Plan and a new supranational global reserve currency. This thought-provoking book will appeal to academics, graduate students, policy makers, and anyone interested in the global economy. 0aGlobal Financial Crisis, 2008-200908iPrint version: z978110703887540uhttp://dx.doi.org/10.1017/CBO9781139855709zCambridge Books Online