Oil, Dollars, Debt, and Crises PDF (Adobe DRM) download by Mahmoud A. El-Gamal

Oil, Dollars, Debt, and Crises

Cambridge University Press
Publication date: February 2010
ISBN: 9780511687839
Digital Book format: PDF (Adobe DRM)

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Oil, Dollars, Debt, and Crises studies the causes of the current oil and global financial crisis and shows how Americaís and the worldís 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.
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