Explain how a variety of actors and processes (both domestic and global) coalescing within the United States facilitated a financial contagion that eventually spread across the globe

Explain how a variety of actors and processes (both domestic and global) coalescing within the United States facilitated a financial contagion that eventually spread across the globe

Your paper must engage how the themes expressed in Crisis Economics relate to the larger debates on financial globalization. The themes you will emphasize and examine will not only require a persuasive introduction defending your emphasis on a particular theme(s) but research outside the seminar readings to facilitate your thesis.

Need Help Writing an Essay?

Tell us about your paper and we will find the best writer for your essay.

Write My Essay For Me

Please answer the following:

Explain how a variety of actors and processes (both domestic and global) coalescing within the United States facilitated a financial contagion that eventually spread across the globe. Also, are such processes endemic to capitalism to the extent that Marxists rightly predict capitalism\’s implosion? Can Austrian (Hayekian) or Keynesian prescriptions help mollify structural deficiencies of capitalism? If yes, chose either Austrian or Keynesian school to support your argument.

To help frame your thesis please consider the following:

What is the larger debate that is being addressed by Roubini’s book? Is this time different?
What are alternative views? With whom does the author agree and disagree?
What is your personal view on the better side of the debate?

Grading Criteria:

Is your research question answered?
Is there a argument presented in the first 10 lines and defended throughout the essay?
Clarity, organization, structure (good outline, good transitions).
Integration of class material, facts, and readings to back up the argument.

Quick notes:-who is responsible for this crisis the country that has the most advanced sophisticated financial markets on the globe explains this process -lecture notes had agents involved to get depth bring reinhart and roughof this time is different’ , minsky, fisher, from finance theory section, ideas of keynes, marx, contagion is endemic to capitalism, if you are wealthy and rigging system, you wanna prioritize gains you get from uber leveraging, if there are any losses, now you’re a socialist, you socialize those losses, ‘i hate socialism unless they’re gonna bail me out’austrian school from finance-is it endemic to capitalism for keynes or for minskey who focuses and emphasizes importance of financial sector , it goes through it, very accessible it’s not like reading econometrics article, arguemnt from minsky is ‘we can regulate this’ it’s endemic these bust and booms but it can be regulated-even fisher says it’s endemic but fischer focuses differently on contracts this is dangerous but we do have equilibriating of prices, when we look at minskey and kenes it doesnt equilibritate and if it does it’s an inefficient level we get liquidity crisis, we cant’ have wages that go down based on supply deamnd and labour-real issue is debt contracts, we’re in a boom looking at debt contracts need flexibilityand indexing of inflation rates-if a debt crisis does rise we deal with haircut solutions and recognize that because we have inflation predators will come out ahead we need some way of them pa