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Journal of Economic Literature - Book Review

JEL Volume. 50, Issue 2 | leftPrevious Review Next Review right

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Book(s) Reviewed

From Financial Crisis to Global Recovery by Padma Desai

Published By: New York and Chichester: Columbia University Press
ISBN: 978-0-231-15786-5
Date of Publication: 2011


Book Review Detail

Reviewed by: Kenneth Kuttner of Williams College
Review DOI: 10.1257/jel.50.2.513.r9
Review Pages: 527-29

Book Review Abstract

Kenneth Kuttner of Williams College reviews "From Financial Crisis to Global Recovery" by Padma Desai. The EconLit abstract of the reviewed work begins: Presents an introduction for economics and finance undergraduate students to the financial crisis, using a combination of scholarly research and narrative. Discusses the financial crisis origin; banking sector stress tests—the United States versus the European Union; whether the U.S. economy is on the mend; global recovery prospects—North America and Europe, Asia, and South America; hedge funds and derivatives, credit default swaps, and rating agencies; U.S. and EU regulatory proposals—how strict and how cooperative; the dollar's future as a reserve currency; the Great Depression and the current financial crisis; and the future of American capitalism. Desai is Gladys and Roland Harriman Professor of Comparative Economic Systems and Director of the Center for Transition Economies at Columbia University. Index.


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Book Review Authors

Kenneth Kuttner of Williams College


JEL Classifications

A22: Economic Education and Teaching of Economics: Undergraduate
E32: Business Fluctuations; Cycles
E44: Financial Markets and the Macroeconomy
G01: Financial Crises
G21: Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages; Foreclosures
G24: Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
G28: Financial Institutions and Services: Government Policy and Regulation


Journal of Economic Literature


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