"In this incisive fifth edition of Financial Crises and Recession in the Global Economy, Roy E. Allen examines the … major financial instabilities, crises, and evolutionary trends since the 1970s and through the recent Covid-19 pandemic … on the political economy of financial crises and further advances his human ecology economics framework to help guide …

This new edition of Financial Crises and Recession in the Global Economy explores the major financial instabilities and … thinking, which explains the continuing occurrence of large-scale financial crises. Roy E. Allen examines how key financial …

solutions prescribed. The conclusion is that long-term effects of financial crises--financial liberalization and integration … whether these long-term benefits will balance or even outweigh the enormous short-term costs of the crises … Nordic crises …

1980 and discusses these crises in the context of continuing economic globalization. This updated and fully revised edition … -- 3. New uses and forms of money, monetary velocity, and wealth transfers -- 4. Financial crises and recession -- 5 …