by Daniel Daianu
Central European University Press, 2009
Cloth: 978-963-9776-47-0 | eISBN: 978-963-386-244-5 (ePub) | eISBN: 978-615-5211-68-3 (PDF)
Library of Congress Classification HC240.D25 2009
Dewey Decimal Classification 337.142

ABOUT THIS BOOK | AUTHOR BIOGRAPHY | TOC
ABOUT THIS BOOK
In this title, a well-known academic economist and former finance minister gives a lucid and well balanced overview of the current financial turbulences that have hit the developed economies. Strongly criticizing the excesses of neoliberal capitalism, Daianu calls for implementing necessary regulatory reforms in the financial sector and for restoration of a proper balance between the functions of the state and the market. Daianu goes back to some of the roots of the current crisis and the flaws or weaknesses of the global financial system. In doing so, he extensively discusses the monetary union of the Euro, and the critical question whether, how and when additional countries can and should join the club. This is a timely volume with a very strong and important warning.