The global financial crisis, its roots, causes, effects and rescue plans

The book is a qualitative addition to the Arab library, given that it is one of the first Arab books that dealt with the subject of the financial crisis, which turned into an economic crisis that affected all economic activities, whether financial markets or the real economy related to production and consumption.

The book included an analysis of the concept, causes and types of financial crises from a theoretical and historical point of view in its first part, while the second part was devoted to studying and analyzing the causes and roots of the crisis that afflicted the global economy in 2008 and its impact on global markets in various continents of the world.

The third part analyzed the impact of the crisis on the distribution of profits in terms of the concept of profits and their distribution and the considerations and policies that govern them and the impact of the crisis and economic slowdown on the distribution of profits.

In the fourth and fifth parts, the author dealt with the most prominent financial rescue plans adopted by the industrial, developed, developing and emerging countries to face the repercussions of the crisis, which included 14 foreign countries and eight Arab countries.

Dr. Qandah also discussed in the sixth part the impact of the US rescue plans on the budget of the Federal Reserve, while in the seventh part he dealt with the developments of the budget of the Central Bank of Jordan after the global financial crisis.

In the summary of the book, Dr. Qandah touched on the main causes and factors that motivated the occurrence of the crisis, including the drop in interest rates in the United States of America in the period from 2001 to 2006 as a result of fears of economic stagnation following the events of September 11 and the shift in investment and spending in favor of the real estate and housing sector and what happened during them. This was accompanied by lending and selling to borrowers with high risks, which led to a rise in cases of default and seizure, and thus an explosion in the real estate bubble.