| Description |
1 online resource |
| Contents |
Understanding Recession: Conceptual Arguments and US Adjustments / N.M.P. Verma and V. Dutta -- The Financial Crisis and the Great Recession in the United States / Mukti Upadhyay and Tim Mason -- Dynamics of Deflation and Unemployment: Fall into an Abyss of Depression / Anson Wong and Michael Chu -- Market Fluctuations and Country Risk Relationships for Australian and Indian Energy / John Simpson -- The Chinese Economy After the Global Crisis / Liang-Xin Li -- The Role of Macroeconomic Fundamentals in Malaysian Post Recession Growth / Lee Chin -- Impact of Global Financial Crisis on Economic Wellbeing: A Case of South Asia / Nikhil Chandra Shil -- The Asian Economic Crisis and Malaysia's Responses: Implications for the Banking Sector / Balakrishnan Parasuraman, Beatrice Lim, Fumitaka Furuoka, Catherine Jikunan and Lo May Chiun -- Output Growth in Post Liberalized India: An Input-Output Structural Decomposition Analysis / K.K. Saxena, Sarbjit Singh and Rahul Arora -- The Recent Recession: Impact and Future Prospects for the Indian Banking Sector / D.K. Yadav -- Impact of the Global Downturn on the Indian Economy / Basanta K. Sahu |
| Summary |
Market failure at medium intervals is inevitable in a capitalist economy. Such failures may not be seriously seen in the short run because market adjusts demand through hoarding of inventory or import of required goods and services. The market also adjusts demand in the long run through expansion of concerned industrial output and also by the entry of new firms. The crucial variable is price which also adjusts the commodity and the labor market. The problem comes when there are issues of overproduction, over capacity utilization of plants, over liquidation and excess supply of money, change in demand because of change in tastes and habits of consumers, households and the public. All these create knife edge disturbances in the economy. As a consequence they need adjustment through some variables such as employment and growth of population, saving propensity, technology, exhaustion of existing inventory, monetary and fiscal balancing. In this volume an attempt has been made to appraise the working of a market economy where short term disturbances may occur, market fails, recessionary cycle emerges and after certain fundamental measures the market recovers. Starting with a brief recent history of the crisis and the recession, discussions in this volume turn to how deliberations in macroeconomics yield implications for specific policies, some of which have been tried and others still to be tested. Further in the volume we examine policies necessary for the regulation of the economic system and give a brief assessment of the extent to which global policy coordination has been discussed in policy circles even if not seriously practiced |
| Analysis |
Economics |
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Macroeconomics |
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Finance |
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Economics/Management Science |
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Macroeconomics/Monetary Economics |
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Financial Economics |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Recessions -- United States
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Recessions -- Australia
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Recessions -- Asia
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BUSINESS & ECONOMICS -- Economics -- Microeconomics.
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Science économique.
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Affaires.
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Recessions
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Asia
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Australia
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United States
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| Form |
Electronic book
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| Author |
Verma, N. M. P. (Neel Mani Prasad), 1959-
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| ISBN |
9788132205326 |
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8132205324 |
|
8132205316 |
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9788132205319 |
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