Type(s) de contenu et mode(s) de consultation : Texte noté : électronique

Auteur(s) : Turner, Adair  Voir les notices liées en tant qu'auteur

Titre(s) : Between debt and the devil : money, credit, and fixing global finance / Adair Turner [Texte électronique]

Publication : Princeton : Princeton University Press, 2015

Description matérielle : 1 ressource dématérialisée

Note(s) : Versement en lot. - Description d'après la notice de la version imprimée (visionné le 19 juillet 2016).
Adair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye-opening book, he sets the record straight about what really caused the crisis. It didn't happen because banks are too big to fail--our addiction to private debt is to blame. Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth--but it drives real estate booms and busts and leads to financial crisis and depression. Turner explains why public policy needs to manage the growth and allocation of credit creation, and why debt needs to be taxed as a form of economic pollution. Banks need far more capital, real estate lending must be restricted, and we need to tackle inequality and mitigate the relentless rise of real estate prices. Turner also debunks the big myth about fiat money--the erroneous notion that printing money will lead to harmful inflation. To escape the mess created by past policy errors, we sometimes need to monetize government debt and finance fiscal deficits with central-bank money. Between Debt and the Devil shows why we need to reject the assumption that private credit is essential to growth and fiat money is inevitably dangerous. Each has its advantages, and each creates risks that public policy must consciously balance. "
La pagination de l'édition imprimée correspondante est de : xiv, 302 pages

Sujet(s) : Crédit  Voir les notices liées en tant que sujet
Institutions financières  Voir les notices liées en tant que sujet
Politique monétaire  Voir les notices liées en tant que sujet

Indice(s) Dewey :  332 (23e éd.) = Économie financière  Voir les notices liées en tant que sujet

Identifiants, prix et caractéristiques : ISBN 9781400873326

Identifiant de la notice  : ark:/12148/cb452530128

Notice n° :  FRBNF45253012 (notice reprise d'un réservoir extérieur)