Oil, Dollars, Debt, and Crises: The Global Curse of Black Gold
Cambridge University Press, 2010 - Business & Economics - 217 pages
Oil, Dollars, Debt, and Crises studies the causes of the current oil and global financial crisis and shows how America's and the world's growing dependence on oil has created a repeating pattern of banking, currency, and energy-price crises. Unlike other books on the current financial crisis, which have focused on U.S. indebtedness and American trade and economic policy, Oil, Dollars, Debt, and Crises shows the reader a more complex picture in which transfers of wealth to and from the Middle East result in a perfect storm of global asset and financial market bubbles, increased unrest, terrorism and geopolitical conflicts, and eventually rising costs for energy. Only by addressing long-term energy policy challenges in the West, economic development challenges in the Middle East, and the investment horizons of financial market players can policy makers ameliorate the forces that have been causing repeating global economic crises.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Childhood I 97384 and Adolescence I 98595
Globalization of MiddleEast Dynamics
The End of the Dollar Era?
Motivations to Attack or Abandon the Dollar
Resource Curses Global Volatility and Crises
Other editions - View all
Arab argued Asian banks beneﬁts Bretton Chapter China conﬂicts consumption continued contributed cooperation crash crises currency cycle decades decline diversiﬁcation energy economics energy markets energy prices Euro eventually export factors ﬁeld Figure ﬁnance ﬁnancial crisis ﬁnancial markets ﬁrst ﬁscal foreign fuel geopolitical global ﬁnancial global oil gold Gulf hedge funds important increased inﬂation inﬂationary inﬂows inﬂuence interest rates international ﬁnancial system investment investors Iran Iran’s Iranian Iraq Iraq’s Iraqi Islamic Islamist Kuwait levels long-term major Middle East Middle-East geopolitics military million b/d natural gas nuclear oil and gas oil demand oil markets oil prices oil production oil supply oil-exporting countries oil-price OPEC OPEC countries OPEC’s peak oil percent petrodollar ﬂows petrodollar recycling political potential price of oil production capacity Qatar recession reduce region reserves resource curse rise risk role Saddam Hussein Saudi Arabia sector signiﬁcant signiﬁcantly Source Sovereign Wealth Funds strategies U.S. Dollar United