Description
Through a series of engaging chapters, the book delves into the long history of debt in human societies, tracing its role in economic development, warfare, and social change. It examines the anatomy of financial crises, analyzing the factors that lead to these events and the devastating consequences they can have.
The book also explores the concept of systemic risk, a complex and elusive phenomenon that can have catastrophic effects on the entire financial system. It examines the role of financial networks, feedback loops, and non-linearities in the propagation of systemic risk, and it discusses the challenges of measuring and managing this risk.
Moving beyond theory, the book investigates the global debt cycle, a recurring pattern of boom and bust that has characterized the world economy for centuries. It analyzes the role of central banks, fiscal policy, and international capital flows in driving the debt cycle, and it discusses the implications of this cycle for economic stability and social welfare.
Finally, the book considers the future of debt and financial systems in light of emerging challenges such as climate change, technological change, and rising inequality. It discusses the need for comprehensive financial reform, international cooperation, and a new social contract that can address the systemic risks and fragilities of the global economy.
With its interdisciplinary approach and accessible writing style, this book is essential reading for anyone seeking to understand the complex world of debt, financial fragility, and systemic risk. It is a valuable resource for economists, policymakers, financial professionals, and anyone with an interest in the future of the global economy.
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Language : English
Dimensions : 6 x 9 inches
Pages : 185 pages
Pasquale De Marco stands as a prolific author whose literary prowess knows no bounds. With a passion for storytelling that transcends genres, he has made a name for himself as a versatile writer with the extraordinary ability to captivate readers across diverse literary landscapes. His journey as an author is marked by an insatiable curiosity, a love for the written word, and a relentless commitment to sharing knowledge and experiences with the world.
Pasquale De Marco collaborates with a dedicated team of ghostreaders who assist him in evaluating and editing the manuscripts. His collaborators are not only skilled professionals but also avid readers who purchase and read books as a personal hobby. This unique blend of creativity allows Pasquale to push the boundaries of traditional publishing, making literature more accessible and diverse.






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