Oil, Dollars, Debt, and Crises: The Global Curse of Black Gold

Oil, Dollars, Debt, and Crises: The Global Curse of Black Gold

by Mahmoud A. El-Gamal, Amy Myers Jaffe
     
 

ISBN-10: 0521720702

ISBN-13: 9780521720700

Pub. Date: 12/31/2009

Publisher: Cambridge University Press

Oil, Dollars, Debt, and Crises studies the causes of the current oil and global financial crisis and shows how America’s and the world’s growing dependence on oil has created a repeating pattern of banking, currency, and energy-price crises. Unlike other books on the current financial crisis, which have focused on U.S. indebtedness and American trade

Overview

Oil, Dollars, Debt, and Crises studies the causes of the current oil and global financial crisis and shows how America’s and the world’s growing dependence on oil has created a repeating pattern of banking, currency, and energy-price crises. Unlike other books on the current financial crisis, which have focused on U.S. indebtedness and American trade and economic policy, Oil, Dollars, Debt, and Crises shows the reader a more complex picture in which transfers of wealth to and from the Middle East result in a perfect storm of global asset and financial market bubbles, increased unrest, terrorism and geopolitical conflicts, and eventually rising costs for energy. Only by addressing long-term energy policy challenges in the West, economic development challenges in the Middle East, and the investment horizons of financial market players can policy makers ameliorate the forces that have been causing repeating global economic crises.

Product Details

ISBN-13:
9780521720700
Publisher:
Cambridge University Press
Publication date:
12/31/2009
Edition description:
New Edition
Pages:
232
Product dimensions:
6.00(w) x 8.90(h) x 0.70(d)

Table of Contents

1. The challenges of resource curses and globalization; 2. New Middle East: childhood 1973–84 and adolescence 1985–95; 3. Road to the status quo: 1996–2008; 4. Globalization of Middle East dynamics; 5. Dollars and debt: the end of the dollar era?; 6. Motivations to attack or abandon the dollar; 7. Resource curses, global volatility, and crises; 8. Ameliorating the cycle; Conclusion.

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