Financial Crisis

EMILIANO BRANCACCIO University of Sannio, Italy GERMANA CORRADO University of Rome, ItalyGARY DYMSKI University of California, USFERNANDO FERRARI-FILHO Federal University of Rio Grande do Sul, BrazilGIUSEPPE FONTANA University of Leeds, UKELIAS KARAKITSOS Guildhall Asset Management, UKCOSTAS LAPAVITSAS University of London, UKMALCOLM SAWYER University of Leeds, UKENGELBERT STOCKHAMMER Kingston University, UKGENNARO ZEZZA University of Cassino, Italy

• Introduction The Lessons from the Current Crisis for Macro-theory and Policy The Conventional Views of the Global Crisis: A Critical Assessment The Global Crisis and the Governance of Power in Finance Income distribution and borrowing. Growth and financial balances in the U.S. economy Re-structuring the financial sector to reduce its burden on the economy Regulate Financial Systems, or Financial Institutions? Institutional Investment and Financial Regulation: An International Comparison Rethinking the Lending of Last Resort Function: A Historical and Contemporary Perspective The Necessity of Reforming the International Monetary System Neoliberalism, Income Distribution and the Causes of the Crisis