that the U.S. would experience a sudden stop of capital flows, which would unavoidably drag the world economy into a deep … instead that the root imbalance was of a different kind: The entire world had an insatiable demand for safe debt instruments … of exposing the economy to a systemic panic. This structural problem can be alleviated if governments around the world …

. Martin Jacques, author, When China Rules the World: The End of the Western World and the Birth of a New Global Order The … times provocative, assessment of the course of the macro-monetary problems of the world since the "great recession" struck … and quantitative easing lift the advanced world back to growth, or will they be dragged down by the overhang of debt …

1. The rapidly changing world economy -- 2. The great recession -- 3. Global finance and payments imbalances -- 4. The … role of monetary policy -- 5. The post-crisis world -- 6. China's prospects and challenges -- 7. The US external position …

Why are there so many crises in the world? Is it true that the global system is today riskier and more dangerous than …

As trade flows expanded and trade agreements proliferated after World War II, governments-most notably the United …