國立高雄大學圖資館 |

The real oil shockhow oil transformed money, debt, and finance /

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	The real oil shockby Ryan C. Smith.
其他題名:	how oil transformed money, debt, and finance /
作者:	Smith, Ryan C.
出版者:	Cham :Springer International Publishing :2022.
面頁冊數:	xix, 242 p. :ill. (some col.), digital ;24 cm.
Contained By:	Springer Nature eBook
標題:	PetroleumEconomic aspects.
電子資源:	https://doi.org/10.1007/978-3-031-07131-7
ISBN:	9783031071317$q(electronic bk.)

The real oil shockhow oil transformed money, debt, and finance /
Smith, Ryan C.

The real oil shockhow oil transformed money, debt, and finance /[electronic resource] :by Ryan C. Smith. - Cham :Springer International Publishing :2022. - xix, 242 p. :ill. (some col.), digital ;24 cm.

Chapter 1: Understanding Money and Finance -- Chapter 2: It Was the Best of Times, It Was the Worst of Times -- Chapter 3: When Oil Shocked the Globe -- Chapter 4: A Monetary Revolution -- Chapter 5: Private Sector Takes the Control -- Chapter 6: A New Global Debt Cycle -- Chapter 7: Adapting with Derivatives -- Chapter 8: Revolution and Oil Shock -- Chapter 9: The Crash of 1982 -- Chapter 10: Conclusion.

"Understanding the role of oil in our past, as this absorbing volume undertakes to do, informs a good deal about our present plight. And it should make us resolve to kick fossil fuel once and for all, for the far more democratic forms of energy now available to us." Bill McKibben, author of The Flag, the Cross, and the Station Wagon: A Graying American Looks Back at his Suburban Boyhood and Wonders What the Hell Happened "Ryan Smith offers a new and challenging perspective on the OPEC oil crisis and its aftermath drawing on contemporary theories that rethink the nature of money, debt and finance." Mary Mellor, Professor Emeritus at Northumbria University (UK) and founding Chair of the University's Sustainable Cities Research Institute The rise of the global financial industry is treated by many economists as a critical component of the rise of neoliberalism. What few address is the role of the 1973 OPEC Oil Embargo and the 1979 Oil Shock in making modern financialization possible. Here, it will be demonstrated that the dramatic transfer of wealth from the industrialized, capitalist world to OPEC's members triggered by the Oil Embargo and the Oil Shock created a vast pool of liquid capital. Oil prices inflation, as a result of Embargo and Shock, also triggered a balance of payments crisis that created unprecedented global demand for credit. Processing this capital and mitigating the inflationary pressures which followed the 1973 Shock encouraged the development of more liquid, internationally mobile instruments that made financialization possible and ushered in the effective privatization of money creation. This transformation of the creation of money, the rise of a new global debt cycle, and petrocapital-fuelled changes to financial practices laid the foundations of modern finance and the neoliberal world order as we know them. Ryan C. Smith is an independent scholar specializing in modern finance, the oil industry, energy and geopolitics, and the Middle East. He received his Ph.D. in Economic and Social History from the University of Glasgow in 2022.

ISBN: 9783031071317$q(electronic bk.)

Standard No.: 10.1007/978-3-031-07131-7doiSubjects--Corporate Names:

933583
Organization of Arab Petroleum Exporting Countries
--History--20th century.Subjects--Topical Terms:

702779
Petroleum
--Economic aspects.

LC Class. No.: HD9560.5 / .S55 2022

Dewey Class. No.: 338.2728

The real oil shockhow oil transformed money, debt, and finance /
LDR:03469nmm a2200313 a 4500 001 629052
003 DE-He213
005 20220831124104.0
007 cr nn 008maaau
008 230224s2022 sz s 0 eng d
020 $a 9783031071317$q(electronic bk.)
020 $a 9783031071300$q(paper)
024 7 $a 10.1007/978-3-031-07131-7 $2 doi
035 $a 978-3-031-07131-7
040 $a GP $c GP
041 0 $a eng
050 4 $a HD9560.5 $b .S55 2022
072 7 $a KNB $2 bicssc
072 7 $a BUS069000 $2 bisacsh
072 7 $a KNB $2 thema
082 0 4 $a 338.2728 $2 23
090 $a HD9560.5 $b .S658 2022
100 1 $a Smith, Ryan C. $3 933582
245 1 4 $a The real oil shock $h [electronic resource] : $b how oil transformed money, debt, and finance / $c by Ryan C. Smith.
260 $a Cham : $b Springer International Publishing : $b Imprint: Palgrave Macmillan, $c 2022.
300 $a xix, 242 p. : $b ill. (some col.), digital ; $c 24 cm.
505 0 $a Chapter 1: Understanding Money and Finance -- Chapter 2: It Was the Best of Times, It Was the Worst of Times -- Chapter 3: When Oil Shocked the Globe -- Chapter 4: A Monetary Revolution -- Chapter 5: Private Sector Takes the Control -- Chapter 6: A New Global Debt Cycle -- Chapter 7: Adapting with Derivatives -- Chapter 8: Revolution and Oil Shock -- Chapter 9: The Crash of 1982 -- Chapter 10: Conclusion.
520 $a "Understanding the role of oil in our past, as this absorbing volume undertakes to do, informs a good deal about our present plight. And it should make us resolve to kick fossil fuel once and for all, for the far more democratic forms of energy now available to us." Bill McKibben, author of The Flag, the Cross, and the Station Wagon: A Graying American Looks Back at his Suburban Boyhood and Wonders What the Hell Happened "Ryan Smith offers a new and challenging perspective on the OPEC oil crisis and its aftermath drawing on contemporary theories that rethink the nature of money, debt and finance." Mary Mellor, Professor Emeritus at Northumbria University (UK) and founding Chair of the University's Sustainable Cities Research Institute The rise of the global financial industry is treated by many economists as a critical component of the rise of neoliberalism. What few address is the role of the 1973 OPEC Oil Embargo and the 1979 Oil Shock in making modern financialization possible. Here, it will be demonstrated that the dramatic transfer of wealth from the industrialized, capitalist world to OPEC's members triggered by the Oil Embargo and the Oil Shock created a vast pool of liquid capital. Oil prices inflation, as a result of Embargo and Shock, also triggered a balance of payments crisis that created unprecedented global demand for credit. Processing this capital and mitigating the inflationary pressures which followed the 1973 Shock encouraged the development of more liquid, internationally mobile instruments that made financialization possible and ushered in the effective privatization of money creation. This transformation of the creation of money, the rise of a new global debt cycle, and petrocapital-fuelled changes to financial practices laid the foundations of modern finance and the neoliberal world order as we know them. Ryan C. Smith is an independent scholar specializing in modern finance, the oil industry, energy and geopolitics, and the Middle East. He received his Ph.D. in Economic and Social History from the University of Glasgow in 2022.
610 2 0 $a Organization of Arab Petroleum Exporting Countries $x History $y 20th century. $3 933583
650 0 $a Petroleum $x Economic aspects. $3 702779
650 0 $a Petroleum $x History $y 20th century. $3 933584
650 0 $a Petroleum products $x Prices. $3 185221
650 1 4 $a Natural Resource and Energy Economics. $3 760007
650 2 4 $a Corporate Finance. $2 swd $3 406349
710 2 $a SpringerLink (Online service) $3 273601
773 0 $t Springer Nature eBook
856 4 0 $u https://doi.org/10.1007/978-3-031-07131-7
950 $a Economics and Finance (SpringerNature-41170)