The architecture of collapse : the global system in the 21st century / Mauro F. Guilĺen.
By: Guillén, Mauro F.
Series: Clarendon lectures in management studies: Publisher: Oxford, U.K. : Oxford University Press, 2015Edition: 1st ed.Description: xv, 218 p. : ill. ; 24 cm.Content type: text Media type: unmediated Carrier type: volumeISBN: 9780199683604.Subject(s): International finance | Globalization -- Economic aspects | Global Financial Crisis, 2008-2009 | Financial crises -- Europe | United States -- Foreign relations -- China | China -- Foreign relations -- United StatesGenre/Form: Print books.Summary: Why are there so many crises in the world? Is it true that the global system is today riskier and more dangerous than in past decades? Do we have any tools at our disposal to bring these problems under control, to reduce the global system's proneness to instability? These are the tantalizing questions addressed in this book. Using a variety of demographic, economic, financial, social, and political indicators, the book demonstrates that the global system has indeed become an 'architecture of collapse' subject to a variety of shocks. An analysis of the global financial crisis of 2008, the bilateral relationship between the U.S. and China, and the European sovereign debt crisis illustrates how the complexity and tight coupling of system components creates a situation of precarious stability and periodic disruption. This state of affairs can only be improved by enhancing the shock-absorbing components of the system, especially the capacity of states and governments to act, and by containing the shock-diffusing mechanisms. In particular, those related to phenomena such as trade imbalances, portfolio investment, cross-border banking, population ageing, and income and wealth inequality.| Current location | Call number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|
| On Shelf | HG3881 .G85 2015 (Browse shelf) | Available | AU0000000009339 |
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| HG3851 .G335 2022 Currency trading / | HG3881 .B2512 2018 Can finance save the world? : regaining power over money to serve the common good / | HG3881 .E347 2008 Globalizing capital : a history of the international monetary system / | HG3881 .G85 2015 The architecture of collapse : the global system in the 21st century / | HG3881 .L4485 2016 The shadow banking system : creating transparency in the financial markets / | HG3881 .M2765 2011 International corporate finance / | HG3881 .N3385 2015 A concise history of international finance : from Babylon to Bernanke / |
Includes bibliographical references (pages 187-206) and index.
Why are there so many crises in the world? Is it true that the global system is today riskier and more dangerous than in past decades? Do we have any tools at our disposal to bring these problems under control, to reduce the global system's proneness to instability? These are the tantalizing questions addressed in this book. Using a variety of demographic, economic, financial, social, and political indicators, the book demonstrates that the global system has indeed become an 'architecture of collapse' subject to a variety of shocks. An analysis of the global financial crisis of 2008, the bilateral relationship between the U.S. and China, and the European sovereign debt crisis illustrates how the complexity and tight coupling of system components creates a situation of precarious stability and periodic disruption. This state of affairs can only be improved by enhancing the shock-absorbing components of the system, especially the capacity of states and governments to act, and by containing the shock-diffusing mechanisms. In particular, those related to phenomena such as trade imbalances, portfolio investment, cross-border banking, population ageing, and income and wealth inequality.