The world economy entered the third decade of this century with uncertainties and challenges of COVID-19 pandemic before it had fully recovered from the lingering aftereffects of the financial crisis. The financial crisis ended a period of overall global economic growth and price stability...

Intro -- CONTENTS -- Preface -- Chapter 1. At Inception -- Chapter 2. The Great Depression -- The Prelude to Disaster -- The Speculative Bubble -- The Great Crash -- The Aftermath -- GNP and the Downward Trade Spiral -- Keynes's Academic Precursors -- Keynes's Policy Suggestions -- Chapter 3....

This book is devoted to the analysis of the three main financial crises that have marked this century: 2001 Argentina’s defaulting on its external debt, the American subprime crisis in 2008, and the current European debt crisis in Europe. The book pursues three major objectives: firstly, to...