eJournal USA, mai 2009 : « The Global Financial System : Six Experts Look at the Crisis »

vendredi 15 mai 2009

Experts describe the mechanics of the global financial system presenting their views concerning the cyclical nature of markets, the interdependence of global trade relationships, and the role of regulation.


The End of American Capitalism ? Mark Twain, Lake Wobegon, and the Current Crisis
Mark Blyth, Professor of International Political Economy, Brown University
While the type of financial crisis we face today is unprecedented, crises of capitalism are not. They are commonplace.

International Issues

Debt Man Walking
John B. Judis, Senior Editor, The New Republic
Economists know the fatal flaw in our international monetary system — but they can’t agree on how to fix it.

Globalization and the U.S. Financial System
Charles R. Geisst, Professor of Finance, Manhattan College
Globalization helped fuel the current financial crisis, and it will undoubtedly be employed to help resolve it.

The Role of Regulation

Revise Regulation : The Theory of Market Equilibrium Is Wrong
George Soros, Chairman, Soros Fund Management
While international regulation must be strengthened for the global financial system to survive, we must also beware of going too far. Markets are imperfect, but regulations are even more so.

Global Financial Trouble : Causes, Cures, Responses
Joel P. Trachtman, Professor of International Law, Tufts University
No doubt, economic historians will argue for years to come about the causes of the global financial crisis. The primary causal factor was macroeconomic, but appropriate regulation might have averted or ameliorated the crisis.

A Look at International Trade

The Evolving Global Financial System
Richard Vedder, Distinguished Professor of Economics, Ohio University
During the late 19th and early 20th centuries, there was little coordination of international finances. That changed substantially after World War II, and the change is continuing today.

Le volume est téléchargeable au format pdf sur America.gov