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000732434 001__ 732434
000732434 005__ 20210515110329.0
000732434 008__ 150810s2016\\\\njua\\\\\b\\\\001\0\eng\\
000732434 010__ $$a  2015015015
000732434 019__ $$a925789957
000732434 020__ $$a9780691169644$$q(hardcover)
000732434 020__ $$a0691169640$$q(hardcover)
000732434 035__ $$a(OCoLC)ocn908083943
000732434 035__ $$a732434
000732434 040__ $$aDLC$$beng$$erda$$cDLC$$dBTCTA$$dBDX$$dOCLCO$$dOCLCF$$dIH7$$dYDXCP$$dMYG$$dVMI$$dNAM
000732434 042__ $$apcc
000732434 049__ $$aISEA
000732434 05000 $$aHG3881$$b.T88 2015
000732434 08200 $$a332/.042$$223
000732434 1001_ $$aTurner, Adair,$$eauthor.
000732434 24510 $$aBetween debt and the devil :$$bmoney, credit, and fixing global finance /$$cAdair Turner.
000732434 24630 $$aMoney, credit, and fixing global finance
000732434 264_1 $$aPrinceton, New Jerseyy :$$bPrinceton University Press,$$c[2016]
000732434 300__ $$axiv, 302 pages :$$billustrations ;$$c25 cm
000732434 336__ $$atext$$2rdacontent
000732434 337__ $$aunmediated$$2rdamedia
000732434 338__ $$avolume$$2rdacarrier
000732434 504__ $$aIncludes bibliographical references (pages [277]-288) and index.
000732434 520__ $$a"Adair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye-opening book, he sets the record straight about what really caused the crisis. It didn't happen because banks are too big to fail--our addiction to private debt is to blame. Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth--but it drives real estate booms and busts and leads to financial crisis and depression. Turner explains why public policy needs to manage the growth and allocation of credit creation, and why debt needs to be taxed as a form of economic pollution. Banks need far more capital, real estate lending must be restricted, and we need to tackle inequality and mitigate the relentless rise of real estate prices. Turner also debunks the big myth about fiat money--the erroneous notion that printing money will lead to harmful inflation. To escape the mess created by past policy errors, we sometimes need to monetize government debt and finance fiscal deficits with central-bank money. Between Debt and the Devil shows why we need to reject the assumption that private credit is essential to growth and fiat money is inevitably dangerous. Each has its advantages, and each creates risks that public policy must consciously balance. "--$$cProvided by publisher.
000732434 650_0 $$aInternational finance.
000732434 650_0 $$aFinance.
000732434 650_0 $$aFinancial institutions.
000732434 650_0 $$aCredit.
000732434 650_0 $$aFinancial crises.
000732434 650_0 $$aMonetary policy.
000732434 650_0 $$aEconomic policy.
000732434 85200 $$bgen$$hHG3881$$i.T88$$i2015
000732434 909CO $$ooai:library.usi.edu:732434$$pGLOBAL_SET
000732434 980__ $$aBIB
000732434 980__ $$aBOOK