The Global Recession Risk

1. Front Matter

   Pages i-xviii

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2. Leading Essay: Lessons from Adjustment of the Current Account

   • Richard T. McCormack

   Pages 1-7

3. Introduction, Scope and Content

   • Carlos M. Peláez, Carlos A. Peláez

   Pages 8-19

4. Policy Contributions

   • Carlos M. Peláez, Carlos A. Peláez

   Pages 20-55

5. China in Need of a New Paradigm

   • Carlos M. Peláez, Carlos A. Peláez

   Pages 56-80

6. Japan after Deflation

   • Carlos M. Peláez, Carlos A. Peláez

   Pages 81-115

7. The Euro Area

   • Carlos M. Peláez, Carlos A. Peláez

   Pages 116-146

8. Currency Crashes

   • Carlos M. Peláez, Carlos A. Peláez

   Pages 147-187

9. The Restrictions of Policy of the United States

   • Carlos M. Peláez, Carlos A. Peláez

   Pages 188-217

10. Conclusion

    • Carlos M. Peláez, Carlos A. Peláez

    Pages 218-229

11. Back Matter

    Pages 230-258

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A fire sale of US debt could cause a global recession through disorderly devaluation of the dollar, raising interest rates and crashing stock markets. The G7 doctrine of shared responsibility intends to coordinate regional efforts. This book analyzes the main issues and individual regions, including China, Japan, the EU and the USA.

• China
• Deflation
• interest rates
• Japan

'[C]oncise and accessible...' - Business & Finance

CARLOS M. PELÁEZ received a PhD and BS, Phi Beta Kappa, from Columbia University, City of New York, USA. He has published books, essays and articles worldwide. He was Director of Banco Chase and of the Rio de Janeiro Association of Banks and Vice President of Chase Manhattan Bank, USA. He is Managing Director of CMP Associates, USA.

CARLOS A. PELÁEZ received the AB in Statistics from the University of Chicago, USA. He published International Financial Architecture with Palgrave, as well as a book on globalization, and an essay on the global electric industry. He is an Associate Editor of the Journal of International Economic Law at the University of Pennsylvania Law School, USA.

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