Mahmoud A. El-Gamal, Amy Myers Jaffe

Oil, Dollars, Debt, and Crises

Mitarbeit: Baker, James A.

• Broschiertes Buch

Produktbeschreibung

Oil, Dollars, Debt, and Crises studies the causes of the current oil and global financial crisis and shows how America's and the world's growing dependence on oil has created a repeating pattern of banking, currency, and energy-price crises. Unlike other books on the current financial crisis, which have focused on US indebtedness and American trade and economic policy, Oil, Dollars, Debt, and Crises shows the reader a more complex picture in which transfers of wealth to and from the Middle East result in a perfect storm of global asset and financial market bubbles, increased unrest, terrorism and geopolitical conflicts, and eventually rising costs for energy. Only by addressing long-term energy policy challenges in the West, economic development challenges in the Middle East, and the investment horizons of financial market players can policymakers ameliorate the forces that have been causing repeating global economic crises.

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Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 232
• Erscheinungstermin: 7. Juni 2018
• Englisch
• Abmessung: 229mm x 152mm x 13mm
• Gewicht: 310g
• ISBN-13: 9780521720700
• ISBN-10: 0521720702
• Artikelnr.: 28025547

Autorenporträt

Mahmoud A. El-Gamal, Ph.D., is Chair of the Department of Economics and Professor of Economics and Statistics at Rice University in Houston, Texas, where he also holds the endowed Chair in Islamic Economics, Finance, and Management. Before joining Rice in 1998, he was an Associate Professor of Economics at the University of Wisconsin in Madison. He has also worked as an Assistant Professor of Economics at the University of Rochester and the California Institute of Technology. During 1995-6, he worked as an economist in the Middle East Department of the International Monetary Fund. During the second half of 2004, he served as scholar in residence on Islamic finance at the U.S. Department of Treasury. He has published extensively in the areas of econometrics, economic dynamics, financial economics, economics of the Middle East, and the economic analysis of Islamic law. His most recent book was Islamic Finance: Law, Economics, and Practice (Cambridge University Press, 2006).

Inhaltsangabe

1. The challenges of resource curses and globalization; 2. New Middle East: childhood 1973-84 and adolescence 1985-95; 3. Road to the status quo: 1996-2008; 4. Globalization of Middle East dynamics; 5. Dollars and debt: the end of the dollar era?; 6. Motivations to attack or abandon the dollar; 7. Resource curses, global volatility, and crises; 8. Ameliorating the cycle; Conclusion.

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1. The challenges of resource curses and globalization
2. New Middle East: childhood 1973-84 and adolescence 1985-95
3. Road to the status quo: 1996-2008
4. Globalization of Middle East dynamics
5. Dollars and debt: the end of the dollar era?
6. Motivations to attack or abandon the dollar
7. Resource curses, global volatility, and crises
8. Ameliorating the cycle
Conclusion.

Rezensionen

'Oil, Dollars, Debt, and Crises is impressively prescient in highlighting the risks associated with major imbalances in the global financial system. The book moves well beyond economic analysis to assess other factors that shape production decisions by major energy exporters. Above all, the authors continually - and rightly - stress the global nature of the challenges confronting us. The authors give Oil, Dollars, Debt, and Crises a richness of analytic texture rare in books of its kind.' James A. Baker III, Former US Secretary of State, from the Foreword