The First Great Financial Crisis Of The 21st Century

Author : Óscar Dejuán,Eladio Febrero,Maria Cristina Marcuzzo
Publisher : Edward Elgar Publishing
Page : 273 pages
File Size : 46,7 Mb
Release : 2011-01-01
Category : Business & Economics
ISBN : 9781849807463

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The First Great Recession of the 21st Century by Óscar Dejuán,Eladio Febrero,Maria Cristina Marcuzzo Pdf

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 : James R. Barth
Publisher : World Scientific
Page : 518 pages
File Size : 44,8 Mb
Release : 2015-10-23
Category : Business & Economics
ISBN : 9789814651257

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The First Great Financial Crisis of the 21st Century by James R. Barth Pdf

"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."--$cProvided by publisher.

Author : Andrew Felton,Carmen M. Reinhart
Publisher : Centre for Economic Policy Research
Page : 212 pages
File Size : 52,8 Mb
Release : 2008
Category : Financial crises
ISBN : NWU:35556039221536

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The First Global Financial Crisis of the 21st Century by Andrew Felton,Carmen M. Reinhart Pdf

"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,Carmen M. Reinhart
Publisher : Unknown
Page : 206 pages
File Size : 54,5 Mb
Release : 2008
Category : Global Financial Crisis, 2008-2009
ISBN : OCLC:1015661054

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The First Global Financial Crisis of the 21st Century by Andrew Felton,Carmen M. Reinhart Pdf

Author : Roger Berkowitz,Taun N. Toay
Publisher : Fordham Univ Press
Page : 233 pages
File Size : 52,8 Mb
Release : 2012-09
Category : Business & Economics
ISBN : 9780823249602

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The Intellectual Origins of the Global Financial Crisis by Roger Berkowitz,Taun N. Toay Pdf

By reaching beyond "how" the crisis happened to "why" the crisis happened, the authors provide fresh thinking about how to respond

Author : Financial Crisis Inquiry Commission
Publisher : Cosimo, Inc.
Page : 692 pages
File Size : 41,5 Mb
Release : 2011-05-01
Category : Political Science
ISBN : 9781616405410

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The Financial Crisis Inquiry Report by Financial Crisis Inquiry Commission Pdf

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 : Leo Panitch,Greg Albo,Vivek Chibber
Publisher : NYU Press
Page : 341 pages
File Size : 54,7 Mb
Release : 2010-12
Category : Political Science
ISBN : 9781583672280

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The Crisis This Time by Leo Panitch,Greg Albo,Vivek Chibber Pdf

Contributors to this volume on economic crisis address key themes: -putting 'the crisis this time' in historical and theoretical perspective -analyzing the role of banks and derivatives in global financialization -interrogating Wall Street and the City of London before and after the crisis -surveying the crisis in the USA, the UK, Europe, Japan and South Africa -taking the measure of the impact of the crisis on working class families -showing how 'exit strategies' are reviving neoliberalism -surveying the struggles against the new public austerity in Greece, Ireland, UK and USA This volume ù the first of two ù offers critical perspectives on 'exit strategies' geared towards revitalizing neoliberal capitalism and considers the social and political impact of the crisis on the working class. Next year's volume will extend the geographical focus to China, the Middle East, Eastern Europe and Latin America, and deepen the analysis of the epicentre of the crisis in the USA.

Author : Robert Z. Aliber,Charles P. Kindleberger,Robert N. McCauley
Publisher : Springer Nature
Page : 433 pages
File Size : 55,5 Mb
Release : 2023-03-06
Category : Business & Economics
ISBN : 9783031160080

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Manias, Panics, and Crashes by Robert Z. Aliber,Charles P. Kindleberger,Robert N. McCauley Pdf

In the Eighth Edition of this classic text on the financial history of bubbles and crashes, Robert McCauley joins with Robert Aliber in building on Charles Kindleberger's renowned work. McCauley draws on his central banking experience to introduce new chapters on cryptocurrency and the United States as the 21st Century global lender of last resort. He also updates the book's coverage of the recent property bubble in China, as well as providing new perspectives on the US housing bubble of 2003-2006, and the Japanese bubble of the late 1980s. And he gives new attention to the social psychology that leads people to take the risk of investing in Ponzi schemes and asset price bubbles. For the first time in this revised and updated edition, figures highlight key points to ensure that today’s generation of finance and economic researchers, students, practitioners and policy-makers—as well as investors looking to avoid crashes—have access to this panoramic history of financial crisis.

Author : Carmen M. Reinhart,Kenneth S. Rogoff
Publisher : Princeton University Press
Page : 513 pages
File Size : 44,9 Mb
Release : 2011-08-07
Category : Business & Economics
ISBN : 9780691152646

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This Time Is Different by Carmen M. Reinhart,Kenneth S. Rogoff Pdf

An empirical investigation of financial crises during the last 800 years.

Author : Steve Kourabas
Publisher : Routledge
Page : 209 pages
File Size : 54,5 Mb
Release : 2021-09-28
Category : Law
ISBN : 9781000451047

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Global Finance in the 21st Century by Steve Kourabas Pdf

Global Finance in the 21st Century: Stability and Sustainability in a Fragmenting World explains finance and its regulation after the global financial crisis. The book introduces non-finance scholars into the wider debate regarding the conduct and regulation of finance to encourage broader discussion on important societal issues that relate to finance. The book also explores the ineffectiveness of the current approach to global prudential governance and places this discussion within the more expansive context of global governance and nationalism in the twenty-first century. The book argues that fragmentation and the growing trend of promoting informality and voluntarism has facilitated a return to nationalism as a primary form of global governance that acts contrary to post-crisis reforms that seek to promote stability and sustainability in the conduct of finance. As a remedy, Kourabas suggests that we need more, not less, of what we have traditionally conceived as international law – treaties and treaty-based international organisations. In the field of finance, this means not only pursuing financial liberalisation through free trade and investment treaties, but also the inclusion of provisions in these treaties that promotes systemic financial stability and sustainable development objectives. Of interest to legal and non-legal academics and students, legal professionals and policy-makers, this book offers a nuanced defence of international law as an approach to global governance in finance and beyond, as well as reform of international law to meet the needs of twenty-first century society.

Author : Pratyush Chandra
Publisher : Unknown
Page : 103 pages
File Size : 45,5 Mb
Release : 2013
Category : Economic history
ISBN : 9350022079

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The First Global Economic Crisis of the 21st Century by Pratyush Chandra Pdf

Author : Alasdair Roberts
Publisher : Cornell University Press
Page : 265 pages
File Size : 42,7 Mb
Release : 2012-04-15
Category : History
ISBN : 9780801464676

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America's First Great Depression by Alasdair Roberts Pdf

For a while, it seemed impossible to lose money on real estate. But then the bubble burst. The financial sector was paralyzed and the economy contracted. State and federal governments struggled to pay their domestic and foreign creditors. Washington was incapable of decisive action. The country seethed with political and social unrest. In America's First Great Depression, Alasdair Roberts describes how the United States dealt with the economic and political crisis that followed the Panic of 1837. As Roberts shows, the two decades that preceded the Panic had marked a democratic surge in the United States. However, the nation’s commitment to democracy was tested severely during this crisis. Foreign lenders questioned whether American politicians could make the unpopular decisions needed on spending and taxing. State and local officials struggled to put down riots and rebellion. A few wondered whether this was the end of America’s democratic experiment. Roberts explains how the country’s woes were complicated by its dependence on foreign trade and investment, particularly with Britain. Aware of the contemporary relevance of this story, Roberts examines how the country responded to the political and cultural aftershocks of 1837, transforming its political institutions to strike a new balance between liberty and social order, and uneasily coming to terms with its place in the global economy.

Author : Sharyn O'Halloran,Thomas Groll
Publisher : Columbia University Press
Page : 454 pages
File Size : 46,7 Mb
Release : 2019-10-08
Category : History
ISBN : 9780231549998

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After the Crash by Sharyn O'Halloran,Thomas Groll Pdf

The 2008 crash was the worst financial crisis and the most severe economic downturn since the Great Depression. It triggered a complete overhaul of the global regulatory environment, ushering in a stream of new rules and laws to combat the perceived weakness of the financial system. While the global economy came back from the brink, the continuing effects of the crisis include increasing economic inequality and political polarization. After the Crash is an innovative analysis of the crisis and its ongoing influence on the global regulatory, financial, and political landscape, with timely discussions of the key issues for our economic future. It brings together a range of experts and practitioners, including Joseph Stiglitz, a Nobel Prize winner; former congressman Barney Frank; former treasury secretary Jacob Lew; Paul Tucker, a former deputy governor of the Bank of England; and Steve Cutler, general counsel of JP Morgan Chase during the financial crisis. Each poses crucial questions: What were the origins of the crisis? How effective were international and domestic regulatory responses? Have we addressed the roots of the crisis through reform and regulation? Are our financial systems and the global economy better able to withstand another crash? After the Crash is vital reading as both a retrospective on the last crisis and an analysis of possible sources of the next one.

Author : Michael D. Bordo,Athanasios Orphanides
Publisher : University of Chicago Press
Page : 545 pages
File Size : 43,7 Mb
Release : 2013-06-28
Category : Business & Economics
ISBN : 9780226066950

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The Great Inflation by Michael D. Bordo,Athanasios Orphanides Pdf

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

Author : Jeffrey R. Brown,Caroline M. Hoxby
Publisher : University of Chicago Press
Page : 343 pages
File Size : 40,9 Mb
Release : 2015-01-08
Category : Business & Economics
ISBN : 9780226201832

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How the Financial Crisis and Great Recession Affected Higher Education by Jeffrey R. Brown,Caroline M. Hoxby Pdf

The recent financial crisis had a profound effect on both public and private universities. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses and how the incentives and constraints facing different institutions affected their behavior.