This short story explores the actions of Security Pacific Bank, the U.S. Government, politicians, regulatory officials, and many major U.S. banks and bankers in the 1970s and 80s as they dealt with economic disruptions in Latin America (Mexico, Central America, and South America). The threatening matters, actions and decisions of this period seriously impacted economic stability throughout the Americas and nearly collapsed the U.S. Banking System. Of specific note is what took place at Sec...

Abortion is a hot topic in our political world today.I was born in 1930 in Augusta, GA and prematurely weighing 2.5 lbs with a small chance of a healthy survival. Abortion did not enter my parents' or the doctors' mind. After an initial struggle against all odds I gained strength and grew up to be a healthy adult. I served our country for 4 years in the US Airforce during the Korean war and made a career in the automobile business until I retired in 2016 at age 86. Mine was a very i...

This guide consists of basic macroeconomics concepts and principles, which can be used in school, home or in work place. Topics covered include: supply & demand, market equilibrium & measuring, output/income & price level, inflation & unemployment, consumption & savings, fiscal policies and much more.

In the 1990s, few countries were more lionized than Argentina for its efforts to join the club of wealthy nations. Argentina's policies drew enthusiastic applause from the IMF, the World Bank and Wall Street. But the club has a disturbing propensity to turn its back on arrivistes and cast them out. That was what happened in 2001, when Argentina suffered one of the most spectacular crashes in modern history. With it came appalling social and political chaos, a collapse of the peso, and a wr...

The dramatic inside story of the most important case in the history of sovereign debt lawArgentina's 2001 default on $100 billion in bonds and the messy litigation that followed has had an outsized impact on sovereign debt markets, sovereign debt law, and the International Monetary Fund's policies. This is the sovereign debt case study that scholars, legal practitioners, investors, and overindebted countries must understand—and Default provides the first comprehensive account of th...

Will the sun set on the greatest currency in the history of the world?For decades the dollar has been the undisputed champ. It’s not only the currency of America but much of the world as well, the fuel of global prosperity. As the superengine of the world’s only superpower, it’s accepted everywhere. When an Asian company trades with South America, those transactions are done in dollars, the currency of international business.But for how much longer? Economists fear America ...

An incisive overview of the macroeconomics of financial crises—essential reading for students and policy experts alikeWith alarming frequency, modern economies go through macro-financial crashes that arise from the financial sector and spread to the broader economy, inflicting deep and prolonged recessions. A Crash Course on Crises brings together the latest cutting-edge economic research to identify the seeds of these crashes, reveal their triggers and co...

Critical, independent voices are seldom found within the citadels of international finance. That's what makes Nomi Prins unique. During fifteen years as an executive at skyscraping banks like Goldman Sachs, Bear Stearns, and Lehman Brothers, Prins never lost her ability to see the broader picture. She walked away from the game in 2002 out of disgust with the burgeoning corporate corruption, just as its magnitude was becoming clear to the public.In this acclaimed exposé, named one o...

Banks and businesses today often deal with so many different operations, it may be seem difficult to see the purpose of each and how they relate to each other or how they relate to our daily lives. Like individuals, businesses rely on banks, and when banks are not practical, they find other means for financing, or raising and managing funds. Readers examine the role of banks and the process of business financing as insightful text breaks down such terms as interest rate, capital, dividend,...

Why should people - and economies - save? This book on the savings problem in Latin America and the Caribbean suggests that, while saving to survive the bad times is important, saving to thrive in the good times is what really counts. People must save to invest in health and education, live productive and fulfilling lives, and make the most of their retirement years. Firms must save to grow their enterprises, employ more workers in better jobs, and produce quality goods. Governments must s...

The ultimate resource for understanding and interpreting important economic figuresEconomic indicators are increasingly complicated to compute and comprehend. Yet in today's challenging economic environment, economic indicators are also more important than ever. This highly accessible seventh edition of the Guide to Economic Indicators presents the complicated subject of economic indicators in a conversational tone, helping readers to quickly gain an understanding of economic indic...

A major, new, and comprehensive look at six decades of macroeconomic policies across the regionWhat went wrong with the economic development of Latin America over the past half-century? Along with periods of poor economic performance, the region’s countries have been plagued by a wide variety of economic crises. This major new work brings together dozens of leading economists to explore the economic performance of the ten largest countries in South America and of M...