000			02738cam a2200373 i 4500
001			18397765
003			OSt
005			20171108133203.0
008			141205s2015 enk b 001 0 eng
010			_a 2014038213
020			_a9781107090644 (hardback)
020			_a9781107462809 (paperback)
040			_aDLC _beng _cDLC _erda
042			_apcc
043			_an-us---
050	0	0	_aHC110.D4 _bO18 2015
082	0	0	_a338.4/735500973 _223
100	1		_aOatley, Thomas H., _d1962-
245	1	2	_aA political economy of American hegemony : _bbuildups, booms, and busts / _cThomas Oatley University of North Carolina, Chapel Hill.
300			_ax, 199 pages ; _c23 cm
504			_aIncludes bibliographical references (pages 167-182) and index.
505	8		_aMachine generated contents note: 1. The political economy of imbalance; 2. National security shocks and military buildups; 3. Warfare, welfare, and the size of the American state; 4. Buildups and booms; 5. Deflecting the costs of adjustment; 6. The financial consequences of America's postwar booms; 7. The political economy of American hegemony.
520			_a"In A Political Economy of American Hegemony, Thomas Oatley explores how America's military buildups have produced postwar economic booms that have culminated in monetary and financial crises. The 2008 subprime crisis - as well as the housing bubble that produced it - was the most recent manifestation of this buildup, boom, and bust cycle, developing as a consequence of the decision to deficit-finance the wars in Afghanistan and Iraq. Earlier instances of financial crises were generated by deficit-financed buildups in the 1980s and the late 1960s. The buildup, boom, and bust pattern results from the way political institutions and financial power shape America's response to military challenges: political institutions transform increased military spending into budget deficits, and financial power enables the United States to finance these deficits by borrowing cheaply from the rest of the world. Oatley examines how this cycle has had a powerful impact on American and global economic and financial performance"--
650		0	_aMilitary policy _zUnited States.
650		0	_aGlobal Financial Crisis, 2008-2009.
650		0	_aBusiness cycles _zUnited States.
650		0	_aGlobalization _xEconomic aspects.
651		0	_aUnited States _xDefenses _xEconomic aspects.
651		0	_aUnited States _xForeign economic relations.
856	4	2	_3Cover image _uhttp://assets.cambridge.org/97811070/90644/cover/9781107090644.jpg
906			_a7 _bcbc _corignew _d1 _eecip _f20 _gy-gencatlg
942			_2ddc _cB
999			_c592742 _d592742