The ramifications of the Global Financial Crisis, which erupted in 2007, continue to surprise not only the general public but also finance professionals, economists, and journalists. Faced with this challenge, Preparing for the Next Financial Crisis goes back to basics. The authors ask: what do theory and empirical observations tell us about the causes and the consequences of financial crisis and instability? In what has become an increasingly complex...

Offers evidence on how the economy has failed low- and middle-income Americans and tracks the trends to provide an economic history.

Only a few years ago, the U.S. financial system and economy were near collapse. Global financial institutions teetered and fell, while at once-mighty U.S. companies, panicked CEOs slashed jobs. The financial chaos inflicted catastrophic damage: double-digit unemployment; crashing house and stock prices; federal budget deficits in the trillions, and a wider gap between the country's haves and have-nots. Today many Americans still feel shell-shocked....

The story is about the interconnected lives of a diverse group of characters linked to a neighborhood street. One day, the street's residents all receive an anonymous postcard through their front doors bearing a simple message: "We want what you have." Who is behind the anonymous hate campaign? And what do they want? As the mystery of the postcards deepens, interweaving stories reveal lives filled with love and loss, fear and greed, fortune and envy,...

Shares incisive commentary on the financial meltdown and its aftermath, counseling democratic societies on how to avoid the practices that have led to unregulated markets and economic inequality.

A look at why the worst economy since the 1930s has brought about the revival of conservatism.

The western world attributed China's role as world's largest financer of the developed world and third largest economy in the world to new economic efficiencies, a revolution in risk management and its own wise policies. China and the Credit Crisis argues that if the extent of the role played in the new prosperity by an emerging China, and the fundamental nature of the changes it brought had been better understood, more appropriate policies and actions...

"I would sleep better if I knew that Bernanke, Geithner, Bachus, Sen. Tim Johnson, Obama and Romney all kept dog-eared copies of Kevin Mellyn's Broken Markets on their nightstands. ... Mellyn's work is a fascinating, important, and eminently good read and should inform the debate on overhauling the U.S. and global financial regulatory systems and sustainable macro fiscal and monetary policy."--Eric Grover, in his review of Broken Markets in The American...