by Luís Mira Amaral · tapa blanda · ISBN 9789898184375
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In this book, Luís Mira Amaral explains in a simple and objective way the roots of the crisis, addressing the macroeconomic imbalances on a global scale, the deregulation of the American financial system, securitization and the creation of the shadow banking sector. The author analyzes the anti-crisis policies of governments and central banks, as well as the difficulties in abandoning these policies in the post-crisis period. It also examines the bailout of banks by public authorities and the consequences for the real economy of the financial crisis. In addition, he reflects on the future of banking and its business models, the International Accounting Standards and the functioning of Rating Agencies. Finally, it explores the future of the Eurozone, the scenarios of evolution of the world economy in the 21st century and the adjustments in the European Social Model forced by globalization.
