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"Oil, Dollars, Debt, and Crises: The Global Curse of Black Gold" by Mahmoud A. El-Gamal, Amy Myers Jaffe (Repost)

Posted By: exLib
"Oil, Dollars, Debt, and Crises: The Global Curse of Black Gold" by Mahmoud A. El-Gamal, Amy Myers Jaffe (Repost)

"Oil, Dollars, Debt, and Crises: The Global Curse of Black Gold" by Mahmoud A. El-Gamal, Amy Myers Jaffe
CamUni Press | 2010 | ISBN: 0521896142 0521720702 9780521896146 9780521720700 | 234 pages | PDF | 12 MB

This book 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.

The book shows 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.

Contents
List of Illustrations page
List of Tables
Foreword
Preface
1 The Challenges of Resource Curses and Globalization
Volatilities: Financial, Economic, and Geopolitical
Petro-States, Hydrocarbon Dependence, and Resource Curses
Geopolitical Conflicts and the Politics of Discontent
Mounting Debt and Fragility of the Global Financial System
Constants and Variables in the Cycle: 1970s to the Present
2 New Middle East: Childhood 1973-84 and Adolescence 1985-95
OPECs Market Power: Economics, Politics, and Volatility
Middle-East Flows of Labor, Capital, and Cultural Norms
Oil Price Collapse and the Politics of Discontent
The Rise of National Oil Companies
Militarism, Debts, and Global Finance
3 Road to the Status Quo: 1996-2008
Changing OPEC Politics and Renewed Oil Revenues
The Other Black Gold: Natural Gas
The Economics and Geopolitics of Middle-East Discontent
Deja Vu: Overgrown Children of the 1970s?
4 Globalization of Middle-East Dynamics
Hedge Funds and Sovereign Wealth Funds
Increased Financial Integration and Contagion
Liquefied Natural Gas and Globalized Energy Markets
Conflicts, Economic Sanctions, and the “War on Terror”
5 Dollars and Debt: The End of the Dollar Era?
The Dollar as Reserve Currency
Bretton Woods and Beyond: The Primacy of U.S. Debt
Global Economic Growth, Interest Rates, and Debt
Uneasy Symbiosis: U.S. Consumers and Asian Savers
Contagion: Sequential Bubbles and Crashes
The Dollar and Bets on Chinese Growth and Oil
6 Motivations to Attack or Abandon the Dollar
Americas “Exorbitant Privilege” and Geopolitics
Petrodollar Recycling and the Dollar-Pricing of Oil
Saddam Hussein, Ahmadinejad, and Dreams of Petroeuros
The Paradox of Pegged Currencies
Pegged Currencies and “The Balance of Financial Terror”
The Threat of Renewed Protectionism and Mercantilism
Globalization with Multiple Currencies: Bretton-Woods III?
7 Resource Curses, Global Volatility, and Crises
Continued Regional and Global Resource Curses
The Global Resource Curse
Continued Global Dependence on Oil
Global Conflicts, Radicalisms, and Terrorism
Serial Amnesia, Greed, and Financial Crises
Peaks and Troughs: The Need to Ameliorate the Cycle
8 Ameliorating the Cycle
Technical Solutions and International Cooperation
Attenuating the Energy-Markets Cycle
Energy Market Regulation and Multilateral Intervention
Petrodollar Recycling and International Lender of Last Resort
Managing Geopolitical Conflicts
Conclusion
Notes
Bibliograpiyy
Index
with TOC BookMarkLinks