La gran estafa de las preferentes

abusos e impunidad de la banca durante la crisis financiera en España

El libro pone al descubierto las estrechas vinculaciones entre los abusos bancarios y las características del actual sistema financiero. El libro profundiza en los problemas de la asimetría de la información que preside las relaciones entre bancos y ciudadanos que se encuentran en una clara ...

What have we learned?

macroeconomic policy after the crisis

Since 2008, economic policymakers and researchers have occupied a brave new economic world. Previous consensuses have been upended, former assumptions have been cast into doubt, and new approaches have yet to stand the test of time. Policymakers have been forced to improvise and researchers to ...

La paradoja del poder alemán

Desde que comenzó la crisis del euro, Alemania se ha establecido como potencia dominante de Europa. En el curso de los últimos años, en los medios europeos se ha comparado a la canciller alemana Angela Merkel con Bismark e incluso con Hitler. Y sin embargo ...

The Euro

and its threat to the future of Europe

Solidarity and prosperity fostered by economic integration: this principle has underpinned the European project from the start, and the establishment of a common currency was supposed to be its most audacious and tangible achievement. Since 2008, however, the European Union has ricocheted between stagnation and ...

The Long Depression

how it happened, why it happened, and what happens next

Written from a Marxist perspective, this book argues that the global economy is in a depression. The profitability of capital is too low and debt built up before the Great Recession is too high. This depression will end when the profitability of capital is restored ...

From convergence to crisis

labor markets and the instability of the Euro

What explains Eurozone member-states' divergent exposure to Europe's sovereign debt crisis? Deviating from current fiscal and financial views, From Convergence to Crisis focuses on labor markets in a narrative that distinguishes the winners from the losers in the euro crisis. Alison Johnston argues that ...

The rise and fall of nations

forces of change in the post-crisis world

"Quite simply the best guide to the global economy today."—Fareed Zakaria Shaped by his twenty-five years traveling the world, and enlivened by encounters with villagers from Rio to Beijing, tycoons, and presidents, Ruchir Sharma’s The Rise and Fall of Nations rethinks the "dismal ...

Crisis económica y Derecho administrativo

una visión general y sectorial de las reformas implantadas con ocasión de la crisis económica

Es una realidad evidente que la crisis económica en la que nos hallamos inmersos desde finales de la pasada década -y de la que parece que no acabamos de salir- está dejando tras sí un profundo rastro de consecuencias en numerosos terrenos, incluido el jurídico ...

Turbocapitalismo

los maestros de la quiebra

Su experiencia como especialista en reestructuración y refinanciación de la deuda, le ha permitido vivir las finanzas internacionales desde dentro, por lo que puede explicar cómo funciona. El autor quiere dejar a nuestros hijos un mundo mejor que en el que estamos y por ello ...

After the crisis

reform, recovery, and growth in Europe

After the Crisis reassesses the twin projects of structural reform and European integration in the wake of the Great Recession and the European Sovereign Debt Crisis. The introduction compares the pre-crises debate to the current situation, and highlights a number of ways in which both ...

Connectedness and contagion

protecting the financial system from panics

The Dodd--Frank Act of 2010 was intended to reform financial policies in order to prevent another massive crisis such as the financial meltdown of 2008. Dodd--Frank is largely premised on the diagnosis that connectedness was the major problem in that crisis -- that is, that financial ...

In defence of Europe

can the european project be saved?

Europe has not been so weak and divided for a long time. Buffeted by a succession of crises, it has shown a strong collective survival instinct but a poor capacity to deliver. In times when the tectonic plates are shifting and tension between global markets ...

Central Banks at a crossroads

what can we learn from history?

Throughout their long history, the primary concern of central banks has oscillated between price stability in normal times and financial stability in extraordinary times. In the wake of the recent global financial crisis, central banks have been given additional responsibilities to ensure financial stability, which ...

Macroeconomic paradigms and economic policy

from the Great Depression to the Great Recession

The recent financial crisis has demonstrated the dangers of ignoring the factors that led to previous crises, and the effectiveness of the policies designed to deal with them. Over time, these macroeconomic policies have evolved, oscillating between state intervention and a free-market approach. Following a ...

La Unión Europea

de la crisis a la unión federal

La aguda crisis financiera de 2007, que tuvo su origen en Estados Unidos, de inmediato se propagó por Europa, y con ella sus graves consecuencias políticas, sociales y económicas. Más que a una crisis cíclica, característica de las economías avanzadas, dio lugar a una gran ...

Inside the banking crisis

the untold story

Since the Lehmans debacle and the bailout of Halifax/Bank of Scotland and Royal Bank of Scotland (RBS), there has been a Financial Services Authority report on the collapse of RBS but no equivalent enquiry into the drama at HBOS, and no comprehensive investigation into ...

Progress and confusion

the state of macroeconomic policy

What will economic policy look like once the global financial crisis is finally over? Will it resume the pre-crisis consensus, or will it be forced to contend with a post-crisis "new normal"? Have we made progress in addressing these issues, or does confusion remain? In ...

Too little, too late

the quest to resolve soverign debt crises

The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and address too little. Though unresolved debt crises impose enormous costs on societies, many recent restructurings have not been deep enough to provide the conditions for economic recovery ...

Welcome to the poisoned chalice

the destruction of Greece and the future of Europe

The economic crisis in Greece is a potential international disaster and one of the most extraordinary monetary and political dramas of our time. The financial woes of this relatively small European nation threaten the long-term viability of the Euro while exposing the flaws in the ...

50 ans de crises financières

"Ce récit est celui des crises financières que les marchés finissent toujours par infliger à ceux qui ont abusé de leurs innovations, de leurs excès et du laxisme ambiant. Le traitement de ces crises, souvent inventif, a consommé beaucoup plus d'énergie que leur prévention ...