In Good Times Prepare for Crisis - Lessons from the Great Depression through the Great Recession (Lieberman Ira)(Pevná vazba)

Sovereign debt crises are a little like the weather: One can get ready to endure them and maybe take some steps to lessen their impact, but so far it hasn't been possible to prevent them. Like the weather, they just keep happening. That's the overriding thesis of this book tracing the major debt crises of the past century, starting with the Great Depression and running through the recent Great Recession.Written by a former World Bank expert on debt crises, this book discusses best practices for how such crises can be resolved. As the painful experience of the past decade reminded everyone, frequent debt crises and defaults do great damage to economies and cause vast personal hardship. But resolving them has proven difficult-both economically and politically-and has taken time, almost always requiring a lender of last resort such as a country's central bank or the International
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