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Greenspan's Taming of the Wave: New Storms Challenging the New Economy
Greenspan's Taming of the Wave New Storms Challenging the New Economy Author:Francois-Xavier Chevallier The period of economist Alan Greenspan`s tenure at the US Federal Reserve Board saw the US economy outperform all expectation, endorsing his view that the world economy will resist short-term setbacks and follow a steady, long-term upward cycle leading to a `Golden Age` comparable to that of the late 19th century. This important book looks at th... more »e predominant economic theory of our time, supplies the historical context, demonstrates how Greenspan has harnessed it and discusses how the predicted Golden Age may develop. It challenges all capital market professionals, students, and financial entrepreneurs to reassess the financial history and future of our times. Recent economic developments in 2001 seem to have put the Golden Age theory under heavy stress, testing again Alan Greenspan`s ability to handle the first business cycle of the `New Economy`. In this revised edition, the author expresses his views that the current business downturn is nothing but another Asian crisis, but from within the developed world this time.« less