The First Global Financial Crisis Of The 21st Century

Author : Andrew Felton
Publisher : Centre for Economic Policy Research
ISBN 13 :
Total Pages : 212 pages
Book Rating : 4.36/5 ( download)

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Download or read book The First Global Financial Crisis of the 21st Century written by Andrew Felton and published by Centre for Economic Policy Research. This book was released on 2008 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Highlights how losses in the US subprime market had spread beyond the confines of the US mortgage sector and the borders of the United States, how risk spreads had ballooned and liquidity in some markets had dried up forcing large financial institutions to report significant losses. Bank runs were no longer the stuff of history." - Cover.

Author : Andrew Felton
Publisher :
ISBN 13 :
Total Pages : 206 pages
Book Rating : 4.54/5 ( download)

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Download or read book The First Global Financial Crisis of the 21st Century written by Andrew Felton and published by . This book was released on 2008 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : James R Barth
Publisher : World Scientific
ISBN 13 : 9814651265
Total Pages : 520 pages
Book Rating : 4.64/5 ( download)

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Download or read book The First Great Financial Crisis of the 21st Century written by James R Barth and published by World Scientific. This book was released on 2015-10-23 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although there have been numerous studies of the causes and consequences of the Great Financial Crisis of 2007–2010 in the US and abroad, many of these were undertaken only for a small number of countries and before the financial and economic effects were fully realized and before various governmental policy responses were decided upon and actually implemented. This book aims to fill these voids by providing a more thorough assessment now that the worst events and the regulatory reforms are sufficiently behind us and much more information about these developments is available. It reviews and analyzes the causes and consequences of and the regulatory responses to the Great Financial Crisis, particularly from a public policy viewpoint. In the process, it explores such intriguing questions as: What caused the crisis? How did the crisis differ across countries? What is the outlook for another crisis, and when? This is a must read for those who are trying to find answers to these questions. Contents:The Great Financial Crisis of 2007–2010: The Sinners and Their Sins (G G Kaufman)The Costs of the 2007–2009 Financial Crisis (H Rosenblum)The US Financial Crisis and the Great Recession: Counting the Costs (Gillian G H Garcia)US Housing Policy and the Financial Crisis (Peter J Wallison)Playing for Time: The Fed's Attempt to Manage the Crisis as a Liquidity Problem (R A Eisenbeis and R J Herring)Japan's Financial Regulatory Responses to the Global Financial Crisis (K Harada, T Hoshi, M Imai, S Koibuchi and A Yasuda)Regulatory Response to the Financial Crisis in Europe: Recent Developments (2010–2013) (S Carbó-Valverde, H A Benink, T Berglund and C Wihlborg)Regulatory Change in Australia and New Zealand Following the Global Financial Crisis (C A Brown, K T Davis and D G Mayes)The Dodd-Frank Act: Systemic Risk, Enhanced Prudential Regulation, and Orderly Liquidation (G G Kaufman and R W Nelson)The Trade Execution and Central Clearing Requirements of Dodd-Frank Title VII — Transparency, Risk Management, and Financial Stability (R S Steigerwald)A Primer on Dodd-Frank's Title VIII (C Baker)Macroliquidity: Selected Topics Related to Title XI of the Dodd-Frank Act of 2010 (W F Todd)The Dodd-Frank Act: Key Features, Implementation Progress, and, Financial System Impact (J R Barth, A (Penny) Prabha and C Wihlborg)Hair of the Dog That Bit Us: The Insufficiency of New and Improved Capital Requirements (E J Kane)Misdiagnosis: Incomplete Cures of Financial Regulatory Failures (J R Barth, G Caprio Jr and R Levine)Path-Dependent Monetary Policy in the Post-Financial Crisis Era of Dodd-Frank (H Rosenblum)Bank Crisis Resolution and the Insufficiency of Fiscal Backstops: The Case of Spain (S Carbó-Valverde and M J Nieto) Readership: Graduate students, academics, economists, finance professionals, monetary, banking authorities and financial regulatory bodies, and those who are interested to find out the impacts of the Great Financial Crisis and the adequecy of the reforms and policy responses in its aftermath. Key Features:Analyzes theoretically and empirically the Great Financial Crisis of 2007–2010 not only in the micro- and macro-perspectives, but also with case studies on different countriesPresents a much more thorough assessment on the causes and consequences of and the regulatory responses to the Great Financial Crisis with the most up-to-date informationEmphasizes in particular the Dodd–Frank Act: its implementation and its impacts on financial regulation, monetary policy and the future of global financeKeywords:Financial Economics;Banks;Depository Institutions;Micro Finance Institutions;Mortgages;Macroeconomics;Monetary Economics;Dodd-Frank;Financial Crisis;Financial Regulations;Regulatory Framework;Bankers;Systemic Risk;Recession

Author : Óscar Dejuán
Publisher : Edward Elgar Publishing
ISBN 13 : 1849807469
Total Pages : 273 pages
Book Rating : 4.63/5 ( download)

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Download or read book The First Great Recession of the 21st Century written by Óscar Dejuán and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008-10 financial crisis and the global recession it created is a complex phenomenon that warrants detailed examination. The various essays in the book utilise several alternative paradigms to provide a plausible explanation and a credible cure. This book provides this important analysis in great detail and from different theoretical perspectives, presenting a clearer understanding of what went wrong and expounding misinterpretations of current theories and practices. Thirteen insightful chapters by eminent scholars investigate the background of the crisis and draw lessons for economic theory and policy. They largely illustrate that the roots of the recession lie in the financial sector which, over the past few decades, has expanded considerably in terms of both size and complexity. They show that financial innovation has decoupled the real and financial sectors - not always to the benefit of economic stability - and argue that financial markets should be regulated more astutely in order to reinforce transparency and accountability. The book concludes that economics as a science should give proper weight to financial variables and integrate them into its models.

Author : Pratyush Chandra
Publisher :
ISBN 13 : 9789350022078
Total Pages : 103 pages
Book Rating : 4.79/5 ( download)

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Download or read book The First Global Economic Crisis of the 21st Century written by Pratyush Chandra and published by . This book was released on 2013 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Neil Shenai
Publisher : Springer
ISBN 13 : 3319913468
Total Pages : 231 pages
Book Rating : 4.69/5 ( download)

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Download or read book Social Finance written by Neil Shenai and published by Springer. This book was released on 2018-09-19 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do market participants construct stable markets? Why do crises that seem inevitable after-the-fact routinely take market participants by surprise? What forces trigger financial panics, and why does uncertainty lead to market volatility? How do economic elites respond to financial distress, and why are some regulatory interventions more effective than others? Social Finance: Shadow Banking during the Global Financial Crisis answers these questions by presenting a new, economic conventions-based model of financial crises. This model emerges from a theoretical synthesis of several intellectual traditions, including Keynesian epistemology, Hyman Minsky’s asset market theory, economic sociology, and international relations theory. Social Finance uses this new paradigm to explain instability in the global shadow banking system during the global financial crisis. And it presents the results of interviews with some of the world’s leading investors – who saw over $2 trillion in annual order flows and managed over $160 billion in assets – to provide first-hand accounts of markets in crisis. Written in accessible prose, Social Finance will appeal to a broad audience of academics, policymakers, and practitioners interested in understanding the drivers of financial stability in the twenty-first century.

Author : Michel Chossudovsky
Publisher :
ISBN 13 : 9780973714739
Total Pages : 391 pages
Book Rating : 4.35/5 ( download)

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Download or read book The Global Economic Crisis written by Michel Chossudovsky and published by . This book was released on 2010 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: In all major regions of the world, the economic recession is deep-seated, resulting in mass unemployment, the collapse of state social programs and the impoverishment of millions of people. The meltdown of financial markets was the result of institutionalized fraud and financial manipulation. The economic crisis is accompanied by a worldwide process of militarization, a "war without borders" led by the U.S. and its NATO allies. This book takes the reader through the corridors of the Federal Reserve, into the plush corporate boardrooms on Wall Street where far-reaching financial transactions are routinely undertaken. Each of the authors in this timely collection digs beneath the gilded surface to reveal a complex web of deceit and media distortion which serves to conceal the workings of the global economic system and its devastating impacts on people's lives.

Author : Financial Crisis Inquiry Commission
Publisher : Cosimo, Inc.
ISBN 13 : 1616405414
Total Pages : 692 pages
Book Rating : 4.10/5 ( download)

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Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

Author : Carmen M. Reinhart
Publisher : Princeton University Press
ISBN 13 : 0691152640
Total Pages : 513 pages
Book Rating : 4.46/5 ( download)

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Download or read book This Time Is Different written by Carmen M. Reinhart and published by Princeton University Press. This book was released on 2011-08-07 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: An empirical investigation of financial crises during the last 800 years.

Author : Adam Tooze
Publisher : Penguin
ISBN 13 : 0525558802
Total Pages : 720 pages
Book Rating : 4.04/5 ( download)

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Download or read book Crashed written by Adam Tooze and published by Penguin. This book was released on 2018-08-07 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt: WINNER OF THE LIONEL GELBER PRIZE A NEW YORK TIMES NOTABLE BOOK OF 2018 ONE OF THE ECONOMIST'S BOOKS OF THE YEAR A NEW YORK TIMES CRITICS' TOP BOOK "An intelligent explanation of the mechanisms that produced the crisis and the response to it...One of the great strengths of Tooze's book is to demonstrate the deeply intertwined nature of the European and American financial systems."--The New York Times Book Review From the prizewinning economic historian and author of Shutdown and The Deluge, an eye-opening reinterpretation of the 2008 economic crisis (and its ten-year aftermath) as a global event that directly led to the shockwaves being felt around the world today. We live in a world where dramatic shifts in the domestic and global economy command the headlines, from rollbacks in US banking regulations to tariffs that may ignite international trade wars. But current events have deep roots, and the key to navigating today’s roiling policies lies in the events that started it all—the 2008 economic crisis and its aftermath. Despite initial attempts to downplay the crisis as a local incident, what happened on Wall Street beginning in 2008 was, in fact, a dramatic caesura of global significance that spiraled around the world, from the financial markets of the UK and Europe to the factories and dockyards of Asia, the Middle East, and Latin America, forcing a rearrangement of global governance. With a historian’s eye for detail, connection, and consequence, Adam Tooze brings the story right up to today’s negotiations, actions, and threats—a much-needed perspective on a global catastrophe and its long-term consequences.