000			06196cam a2201069 i 4500
001			u14194
003			SA-PMU
005			20210418123004.0
008			150810s2016 njua b 001 0 eng
010			_a 2015015015
040			_aDLC _beng _erda _cDLC _dBTCTA _dBDX _dOCLCF _dIH7 _dYDXCP _dMYG _dVMI _dNAM _dCDX _dC7M _dVP@ _dJ2H _dBEDGE _dCHVBK _dYUS _dOCLCQ _dPHUST _dOCLCO _dLIP _dOCLCQ _dCSJ _dDHA
019			_a923637094 _a925789957
020			_a9780691169644 _q(hardback ; _qalk. paper)
020			_a0691169640 _q(hardback ; _qalk. paper)
024	8		_a40025570417
035			_a(OCoLC)908083943 _z(OCoLC)923637094 _z(OCoLC)925789957
042			_apcc
050	0	0	_aHG3881 _b.T88 2016
082	0	0	_a332/.042 _223
084			_aBUS045000 _aBUS051000 _aBUS022000 _aBUS079000 _aBUS069000 _aBUS027000 _2bisacsh
084			_a332.042 _bTUR _2z
084			_a332.042 _bTUR
084			_a332.042 _223
100	1		_aTurner, Adair, _eauthor.
245	1	0	_aBetween debt and the devil : _bmoney, credit, and fixing global finance / _cAdair Turner.
264		1	_aPrinceton : _bPrinceton University Press, _c[2016]
300			_axiv, 302 pages : _billusrations ; _c25 cm
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
520			_a"Adair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye-opening book, he sets the record straight about what really caused the crisis. It didn't happen because banks are too big to fail--our addiction to private debt is to blame. Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth--but it drives real estate booms and busts and leads to financial crisis and depression. Turner explains why public policy needs to manage the growth and allocation of credit creation, and why debt needs to be taxed as a form of economic pollution. Banks need far more capital, real estate lending must be restricted, and we need to tackle inequality and mitigate the relentless rise of real estate prices. Turner also debunks the big myth about fiat money--the erroneous notion that printing money will lead to harmful inflation. To escape the mess created by past policy errors, we sometimes need to monetize government debt and finance fiscal deficits with central-bank money. Between Debt and the Devil shows why we need to reject the assumption that private credit is essential to growth and fiat money is inevitably dangerous. Each has its advantages, and each creates risks that public policy must consciously balance."-- _cProvided by publisher.
504			_aIncludes bibliographical references and index.
505	0		_aSwollen finance. The utopia of finance for all ; Inefficient financial markets -- Dangerous debt. Debt, banks, and the money they create ; Too much of the wrong sort of debt ; Caught in the debt overhang trap ; Liberalization, innovation, and the credit cycle on steroids ; Speculation, inequality, and unnecessary credit -- Debt, development, and capital flows. Debt and development : the merits and dangers of financial repression ; Too much of the wrong sort of capital flow : global and eurozone delusions -- Fixing the system. Irrelevant bankers in an unstable system ; Fixing fundamentals ; Abolishing banks, taxing debt pollution, and encouraging equity ; Managing the quantity and mix of debt -- Escaping the debt overhang. Monetary finance -- breaking the taboo ; Between debt and the devil -- a choice of dangers ; The Queen's question and the fatal conceit.
650		0	_aInternational finance.
650		0	_aFinance.
650		0	_aFinancial institutions.
650		0	_aCredit.
650		0	_aFinancial crises.
650		0	_aMonetary policy.
650		0	_aEconomic policy.
650		7	_aBUSINESS & ECONOMICS _xMoney & Monetary Policy. _2bisacsh
650		7	_aBUSINESS & ECONOMICS _xPublic Finance. _2bisacsh
650		7	_aBUSINESS & ECONOMICS _xEconomic Conditions. _2bisacsh
650		7	_aBUSINESS & ECONOMICS _xGovernment & Business. _2bisacsh
650		7	_aBUSINESS & ECONOMICS _xEconomics _xGeneral. _2bisacsh
650		7	_aBUSINESS & ECONOMICS _xFinance. _2bisacsh
650		7	_aFinances internationales. _2eclas
650		7	_aPolitique monétaire. _2eclas
650		7	_aInstitutions financières. _2eclas
650		7	_aCrise financière. _2eclas
650		7	_aPolitique économique. _2eclas
650		7	_aCrédit bancaire. _2eclas
650		7	_aDette privée. _2eclas
650		7	_aCredit. _2fast _0(OCoLC)fst00882525
650		7	_aEconomic policy. _2fast _0(OCoLC)fst00902025
650		7	_aFinance. _2fast _0(OCoLC)fst00924349
650		7	_aFinancial crises. _2fast _0(OCoLC)fst00924607
650		7	_aFinancial institutions. _2fast _0(OCoLC)fst00924636
650		7	_aInternational finance. _2fast _0(OCoLC)fst00976945
650		7	_aMonetary policy. _2fast _0(OCoLC)fst01025230
650		7	_aBank _2gnd
650		7	_aEigenkapital _2gnd
650		7	_aFinanzkrise _2gnd
650		7	_aFinanzwirtschaft _2gnd
650		7	_aInflation _2gnd
650		7	_aSchulden _2gnd
650		4	_aInternational finance.
650		4	_aFinance.
650		4	_aFinancial institutions.
650		4	_aCredit.
650		4	_aFinancial crises.
650		4	_aMonetary policy.
650		4	_aEconomic policy.
938			_aBrodart _bBROD _n113024835
938			_aBaker and Taylor _bBTCP _nBK0016974389
938			_aCoutts Information Services _bCOUT _n31162103
938			_aYBP Library Services _bYANK _n12346080
029	1		_aAU@ _b000055149110
029	1		_aAU@ _b000056002298
029	1		_aAU@ _b000057437762
029	1		_aCHBIS _b010473482
029	1		_aCHDSB _b006442392
029	1		_aCHNEW _b000849179
029	1		_aCHVBK _b340087757
029	1		_aCHVBK _b340136499
029	1		_aCHVBK _b361408811
029	1		_aNZ1 _b16118201
942			_cBOOK
994			_aZ0 _bSUPMU
948			_hNO HOLDINGS IN SUPMU - 400 OTHER HOLDINGS
596			_a1 2
999			_c986 _d986