The Legacy Of The Global Financial Crisis

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The Legacy of the Global Financial Crisis

Author : Youssef Cassis,Jean-Jacques van Helten
Publisher : Bloomsbury Publishing
Page : 241 pages
File Size : 41,6 Mb
Release : 2021-08-12
Category : Political Science
ISBN : 9780755626632

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The Legacy of the Global Financial Crisis by Youssef Cassis,Jean-Jacques van Helten Pdf

Much has been written on the financial crisis of 2008 – the most severe economic downturn since the Great Depression – analysing its causes and the risks for the future of the global economy. This book takes an alternative approach which focuses on the legacy of the global financial crisis, what is remembered and what lessons have been drawn from it. This volume provides perspectives on this legacy from a variety of contributors including central bankers, regulators, politicians, academics, and journalists. They offer insight into what remains of the crisis in terms of public and industry awareness, changes to the post-2008 financial architecture, lessons from the national experiences of highly exposed small economies, and considers this legacy in terms of oversight by regulatory regimes. These diverse perspectives are drawn together here to ask how we can ensure that these lessons will be transmitted to the new generation of global financiers.

After the Fall: The Policy Legacy of the Global Financial Crisis

Author : Daniel McDowell,Stefano Pagliari,Mark Thrilwell
Publisher : World Politics Review
Page : 38 pages
File Size : 43,7 Mb
Release : 2013-08-20
Category : Political Science
ISBN : 9781939907202

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After the Fall: The Policy Legacy of the Global Financial Crisis by Daniel McDowell,Stefano Pagliari,Mark Thrilwell Pdf

Five years after the global financial crisis shook the world's developed economies to their foundations and hastened the rise of the emerging powers in the global economy, questions remain about the nature and effectiveness of the international response to the crisis. Daniel McDowell highlights the re-emergence of monetary and industrial policy in developed countries' efforts to return to growth. Stefano Pagliari examines post-crisis reforms to the financial sector and the politics that constrain them. And Mark Thirlwell explains why the G-20 may be the victim of its initial post-crisis successes in shoring up global economic governance.

Legacy of the Crash

Author : T. Casey
Publisher : Springer
Page : 291 pages
File Size : 41,5 Mb
Release : 2011-09-02
Category : Law
ISBN : 9780230343498

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Legacy of the Crash by T. Casey Pdf

When the global financial system crashed, governments in America and Britain performed the greatest bailout in history. The legacy is record government debt, low growth and a new era of austerity. A stellar cast of contributors, including Tim Bale, Wyn Grant and Graham Wilson provide a sophisticated account of how the administrations are faring.

Ten Years After: Reflections on the Global Financial Crisis

Author : Laurence B. Siegel,Luis Garcia-Feijóo
Publisher : CFA Institute Research Foundation
Page : 70 pages
File Size : 52,7 Mb
Release : 2019-05-30
Category : Business & Economics
ISBN : 9781944960742

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Ten Years After: Reflections on the Global Financial Crisis by Laurence B. Siegel,Luis Garcia-Feijóo Pdf

This brief is based on a conference that marked the 10-year anniversary of the global financial crisis. It explores the origins of and response to the crisis and the lessons learned from it.

The Status Quo Crisis

Author : Eric Helleiner
Publisher : Oxford University Press
Page : 240 pages
File Size : 41,8 Mb
Release : 2014-06-19
Category : Political Science
ISBN : 9780199973651

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The Status Quo Crisis by Eric Helleiner Pdf

The 2008 financial crisis was the worst since the Great Depression and many voices argued that it would transform global financial governance. Analysts anticipated a "Bretton Woods moment", referring to the 1944 conference that established the postwar international financial order. Widespread expectations of change were then reinforced by the creation of the G20 leaders' forum, extensive debates about the dollar's global role, the launching of international financial regulatory reforms, and the establishment of the Financial Stability Board. But half a decade later, how much has really changed? In The Status Quo Crisis, Helleiner surveys the landscape and argues that continuity has marked global financial governance more than dramatic transformation. The G20 leaders forum contributed much less to the management of the crisis than advertised. The US dollar remains unchallenged as the world's dominant international currency. The market-friendly nature of pre-crisis international financial regulation has been not overturned in a significant manner. And the Financial Stability Board has strengthened the governance of international financial standards in only very modest ways. What we are left with are some small-bore incremental changes that, collectively, have not fundamentally restructured the governance of the global financial system. Helleiner argues that this strangely conservative result was generated partly by the structural power and active policy choices of the country at the center of the crisis: the United States. Status quo outcomes also reflected the unexpected weakness of Europe and conservatism of policymakers in large emerging market countries. Only if this distinct configuration of power and politics among and within influential states shifted in the coming years might the 2008 crisis leave a more transformative legacy over the longer term. Cutting against much of the received wisdom on offer today, The Status Quo Crisis will be essential reading for those interested in the politics of global finance and for anyone curious how expectations of change can be thwarted after even in the most dire of crises.

Stewardship Resilience

Author : Fouad Sabry
Publisher : One Billion Knowledgeable
Page : 217 pages
File Size : 42,8 Mb
Release : 2024-04-20
Category : Business & Economics
ISBN : PKEY:6610000552160

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Stewardship Resilience by Fouad Sabry Pdf

Who is Stewardship Resilience Ben Shalom Bernanke is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Federal Reserve, he was appointed a distinguished fellow at the Brookings Institution. During his tenure as chairman, Bernanke oversaw the Federal Reserve's response to the late-2000s financial crisis, for which he was named the 2009 Time Person of the Year. Before becoming Federal Reserve chairman, Bernanke was a tenured professor at Princeton University and chaired the Department of Economics there from 1996 to September 2002, when he went on public service leave. Bernanke was awarded the 2022 Nobel Memorial Prize in Economic Sciences, jointly with Douglas Diamond and Philip H. Dybvig, "for research on banks and financial crises", more specifically for his analysis of the Great Depression. How you will benefit (I) Insights about the following: Chapter 1: Ben Bernanke Chapter 2: Federal Reserve Chapter 3: Federal Open Market Committee Chapter 4: William McChesney Martin Chapter 5: Stanley Fischer Chapter 6: Criticism of the Federal Reserve Chapter 7: Donald Kohn Chapter 8: Inflation targeting Chapter 9: Anna Schwartz Chapter 10: Kevin Warsh Chapter 11: Quantitative easing Chapter 12: A Monetary History of the United States Chapter 13: Great Moderation Chapter 14: James B. Bullard Chapter 15: William C. Dudley Chapter 16: Stimulus (economics) Chapter 17: Vincent Reinhart Chapter 18: Lords of Finance Chapter 19: Fedspeak Chapter 20: Market monetarism Chapter 21: Thomas M. Humphrey Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information about Stewardship Resilience.

The Global Financial Crisis and Its Aftermath

Author : A.G. Malliaris,Leslie Shaw,Hersh Shefrin
Publisher : Oxford University Press
Page : 400 pages
File Size : 43,8 Mb
Release : 2016-09-06
Category : Political Science
ISBN : 9780199386246

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The Global Financial Crisis and Its Aftermath by A.G. Malliaris,Leslie Shaw,Hersh Shefrin Pdf

In The Global Financial Crisis, contributors argue that the complexity of the Global Financial Crisis challenges researchers to offer more comprehensive explanations by extending the scope and range of their traditional investigations. To achieve this, the volume views the financial crisis simultaneously through three different lenses---economic, psychological, and social values. Contributors offer a constructive methodology suitable for exploring financial crises. They recognize how current economic analysis did not prepare academic economists, business economists, traders, and regulators to anticipate economic and financial crises. So, they search more extensively within the broader discipline of economics for ideas related to crises but neglected perhaps because they were not mathematically rigorous. They affirm that the complexity of financial crises necessitates complementary research. Thus, to put the focal purpose of this book differently, they explore the Global Financial Crisis from three interconnected frameworks: the standards of orthodox economic analysis, Minskyan economics, and the role of ideas and values in economics. Values are the subject of both philosophy and psychology and can contribute to a better understanding of the Global Financial Crisis. Values, in general, have been relatively neglected by economists. This is not because there is doubt about their significance, but rather because welfare economics and collective choice still operate within the neoclassical paradigm. This volume argues that analyzing the value implications requires moving from the neoclassical framework to something that is broader and multidisciplinary.

The Regulatory Aftermath of the Global Financial Crisis

Author : Eilís Ferran,Niamh Moloney,Jennifer G. Hill,John C. Coffee, Jr
Publisher : Cambridge University Press
Page : 128 pages
File Size : 40,8 Mb
Release : 2012-11-15
Category : Law
ISBN : 9781139851787

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The Regulatory Aftermath of the Global Financial Crisis by Eilís Ferran,Niamh Moloney,Jennifer G. Hill,John C. Coffee, Jr Pdf

The EU and the US responded to the global financial crisis by changing the rules for the functioning of financial services and markets and by establishing new oversight bodies. With the US Dodd–Frank Act and numerous EU regulations and directives now in place, this book provides a timely and thoughtful explanation of the key elements of the new regimes in both regions, of the political processes which shaped their content and of their practical impact. Insights from areas such as economics, political science and financial history elucidate the significance of the reforms. Australia's resilience during the financial crisis, which contrasted sharply with the severe problems that were experienced in the EU and the US, is also examined. The comparison between the performances of these major economies in a period of such extreme stress tells us much about the complex regulatory and economic ecosystems of which financial markets are a part.

The Consequences of the Global Financial Crisis

Author : Wyn Grant,Graham K. Wilson
Publisher : Oxford University Press
Page : 287 pages
File Size : 52,8 Mb
Release : 2012-05-24
Category : Business & Economics
ISBN : 9780199641987

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The Consequences of the Global Financial Crisis by Wyn Grant,Graham K. Wilson Pdf

Systematically exploring the consequences of the global financial crisis, this text focuses primarily on the impact on policy and politics. It asks how governments responded to the challenges that the crisis has posed, and the policy and political impact of the combination of both the crisis itself and these responses.

The Global Financial Crisis

Author : Noah Berlatsky
Publisher : Greenhaven Publishing LLC
Page : 264 pages
File Size : 50,5 Mb
Release : 2010-01-15
Category : Young Adult Nonfiction
ISBN : 9780737751161

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The Global Financial Crisis by Noah Berlatsky Pdf

This book explores possible causes of the global economic crisis, including lack of banking regulation, greed of financial institutions, decisions of the Federal Reserve, and the abandonment of the gold standard. Examines the differing impacts of the crisis on wealthy nations and developing nations, and why some nations are weathering the crisis better than others. Discusses potential solutions to the crisis, such as regulatory reform and lowering restrictions on trade.

The Global Financial Crisis

Author : Dick K. Nanto
Publisher : DIANE Publishing
Page : 127 pages
File Size : 41,9 Mb
Release : 2009
Category : Business & Economics
ISBN : 9781437919844

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The Global Financial Crisis by Dick K. Nanto Pdf

Contents: (1) Recent Developments and Analysis; (2) The Global Financial Crisis and U.S. Interests: Policy; Four Phases of the Global Financial Crisis; (3) New Challenges and Policy in Managing Financial Risk; (4) Origins, Contagion, and Risk; (5) Effects on Emerging Markets: Latin America; Russia and the Financial Crisis; (6) Effects on Europe and The European Response: The ¿European Framework for Action¿; The British Rescue Plan; Collapse of Iceland¿s Banking Sector; (7) Impact on Asia and the Asian Response: Asian Reserves and Their Impact; National Responses; (8) International Policy Issues: Bretton Woods II; G-20 Meetings; The International Monetary Fund; Changes in U.S. Reg¿s. and Regulatory Structure; (9) Legislation.

The Unfair Trade

Author : Michael Casey
Publisher : Scribe Publications
Page : 417 pages
File Size : 47,7 Mb
Release : 2012-07-02
Category : Business & Economics
ISBN : 9781921942754

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The Unfair Trade by Michael Casey Pdf

The Unfair Trade is a riveting exposé of the global financial system, whose flaws are the source of our economic malaise. More than ever before, our livelihoods are beholden to its imbalances and inequities, which have already taken down the economies of Iceland, Ireland, Spain, and Greece. With a combination of financial acumen and narrative-driven reporting, veteran Australian journalist Michael Casey brings a unique human angle to this worldwide phenomenon. He shows, for example, how high-wage ‘fly in, fly out’ workers and a real-estate bubble are both part of the two-speed Australian economy being distorted by its reliance on Chinese demand for its mineral resources. He illustrates how an American homeowner’s life is shaped by the same economic and social policies that determine the working conditions of migrant workers in China. And he explains how the collapse of the factory system in northern Mexico has enabled drug cartels to recruit thousands of young men into their gangs. Casey shows that our economic problems are largely caused by political agendas that prevent the free market from encouraging fair competition. Until governments work together to make this trillion-dollar system more efficient — until China removes incentives for its citizens to save excessively, for example, or the US ends the de facto subsidies enjoyed by politically powerful banks — the global playing field will remain lopsided, job creation will lag, and our economies will be vulnerable to new crises.

The First Global Financial Crisis of the 21st Century

Author : Andrew Felton,Carmen M. Reinhart
Publisher : Unknown
Page : 388 pages
File Size : 51,7 Mb
Release : 2011-03
Category : Business & Economics
ISBN : 1907142258

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

The global financial crisis has changed finance and the global economy forever. The debate over its causes and consequences has only just begun. This book brings together VoxEU.org columns written during the height of the storm from June to December 2008, offering a glimpse of history in the making through the eyes of some of the world's leading economists. To help place individual contributions within this historical sequence, an appendix updates the timeline of events from our June publication up to December 2008. Another appendix provides a glossary of technical terms. The columns are grouped under three headings: / How did the crisis spread around the world? / How has the crisis upended traditional thinking about financial economics? / How should we fix the economy and financial system? Available free at http: //www.voxeu.org/reports/reinhart_felton_vol2/First_Global_Crisis_Vol2.pd

Lessons and Policy Implications from the Global Financial Crisis

Author : Mr.Luc Laeven,Ms.Deniz Igan,Mr.Stijn Claessens,Mr.Giovanni Dell'Ariccia
Publisher : International Monetary Fund
Page : 42 pages
File Size : 46,7 Mb
Release : 2010-02-01
Category : Business & Economics
ISBN : 9781451963021

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Lessons and Policy Implications from the Global Financial Crisis by Mr.Luc Laeven,Ms.Deniz Igan,Mr.Stijn Claessens,Mr.Giovanni Dell'Ariccia Pdf

The ongoing global financial crisis is rooted in a combination of factors common to previous financial crises and some new factors. The crisis has brought to light a number of deficiencies in financial regulation and architecture, particularly in the treatment of systemically important financial institutions, the assessments of systemic risks and vulnerabilities, and the resolution of financial institutions. The global nature of the financial crisis has made clear that financially integrated markets, while offering many benefits, can also pose significant risks, with large real economic consequences. Deep reforms are therefore needed to the international financial architecture to safeguard the stability of an increasingly financially integrated world.

The Long Shadow of the Global Financial Crisis: Public Interventions in the Financial Sector

Author : Ms.Deniz O Igan,Hala Moussawi,Alexander F. Tieman,Ms.Aleksandra Zdzienicka,Mr.Giovanni Dell'Ariccia,Mr.Paolo Mauro
Publisher : International Monetary Fund
Page : 90 pages
File Size : 49,9 Mb
Release : 2019-07-30
Category : Business & Economics
ISBN : 9781513508337

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The Long Shadow of the Global Financial Crisis: Public Interventions in the Financial Sector by Ms.Deniz O Igan,Hala Moussawi,Alexander F. Tieman,Ms.Aleksandra Zdzienicka,Mr.Giovanni Dell'Ariccia,Mr.Paolo Mauro Pdf

We track direct public interventions and public holdings in 1,114 financial institutions over the period 2007–17 in 37 countries based on publicly available information. We use aggregate official data to validate this new dataset and estimate the fiscal impact of interventions, including the value of asset holdings remaining in state hands at end-2017. Direct public support to financial institutions amounted to $1.6 trillion ($3.5 trillion including guarantees), with larger amounts allocated to lower capitalized and less profitable banks. As of end-2017, only a few countries had fully divested the initial support they provided during the crisis. Public holdings were divested faster in better capitalized, more profitable, and more liquid banks, and in countries where the economy recovered faster. In countries where the government stake remained high relative to the initial intervention, private investment and credit growth were slower, financial access, depth, efficiency, and competition were worse, and financial stability improved less.