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Author : Charles Goodhart
Release : 2002-01-17
Genre :
Kind : eBook
Book Rating : 601/5 ( reviews)
Book Synopsis Financial Crises, Contagion, and the Lender of Last Resort : A Reader by : Charles Goodhart
Download or read book Financial Crises, Contagion, and the Lender of Last Resort : A Reader written by Charles Goodhart. This book was released on 2002-01-17. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Release : 2008
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Financial Crises, Contagion, and the Lender of Last Resort, Charles Goodhart and Gerhard Illing (Eds). by :
Download or read book Financial Crises, Contagion, and the Lender of Last Resort, Charles Goodhart and Gerhard Illing (Eds). written by . This book was released on 2008. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Hugh Rockoff
Release : 2017-11-09
Genre : Business & Economics
Kind : eBook
Book Rating : 963/5 ( reviews)
Book Synopsis Coping with Financial Crises by : Hugh Rockoff
Download or read book Coping with Financial Crises written by Hugh Rockoff. This book was released on 2017-11-09. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume is based on original essays first presented at the World Economic History Conference, Kyoto, Japan, in August 2015. It also includes three essays subsequently written especially for this volume. All of the essays focus on financial markets in the periods leading up to, during, and after financial crises, and all are based on new data and archival research. The essays in this volume enlarge the range of historical evidence on the causes and potential cures for financial crises. While not neglecting the United States or Britain, the usual focus of financial historians, it includes studies of financial markets in times of crisis in Japan, Sweden, France, and other countries to achieve a truly global and historical perspective. As a result of the research reported here the reader will be made aware of several neglected factors that have shaped financial crises including the most recent crisis. These factors are (1) the role played by monetary policy in causing and ameliorating crises, (2) the role played by international contagion in private financial markets in propagating financial crises, (3) the role played by variations in the institutional structures of financial markets in determining the impact of financial crises, and (4) the role played by the social background of the central bankers who must contend with financial crises in determining the final outcome.
Author : Mitchel Y. Abolafia
Release : 2020
Genre : United States
Kind : eBook
Book Rating : 786/5 ( reviews)
Book Synopsis Stewards of the Market by : Mitchel Y. Abolafia
Download or read book Stewards of the Market written by Mitchel Y. Abolafia. This book was released on 2020. Available in PDF, EPUB and Kindle. Book excerpt: "Mitchel Abolafia goes behind the scenes with the Federal Reserve's powerful Open Market Committee as it responded to the 2008-2009 financial crisis. Relying on verbatim transcripts of closed meetings, Abolafia shows how assumptions about self-correcting markets stymied the Fed and how its leaders came to embrace new ideas"--
Author : Hal S. Scott
Release : 2022-11-01
Genre : Business & Economics
Kind : eBook
Book Rating : 752/5 ( reviews)
Book Synopsis Connectedness and Contagion by : Hal S. Scott
Download or read book Connectedness and Contagion written by Hal S. Scott. This book was released on 2022-11-01. Available in PDF, EPUB and Kindle. Book excerpt: An argument that contagion is the most significant risk facing the financial system and that Dodd¬Frank has reduced the government's ability to respond effectively. The Dodd–Frank Act of 2010 was intended to reform financial policies in order to prevent another massive crisis such as the financial meltdown of 2008. Dodd–Frank is largely premised on the diagnosis that connectedness was the major problem in that crisis—that is, that financial institutions were overexposed to one another, resulting in a possible chain reaction of failures. In this book, Hal Scott argues that it is not connectedness but contagion that is the most significant element of systemic risk facing the financial system. Contagion is an indiscriminate run by short-term creditors of financial institutions that can render otherwise solvent institutions insolvent. It poses a serious risk because, as Scott explains, our financial system still depends on approximately $7.4 to $8.2 trillion of runnable and uninsured short-term liabilities, 60 percent of which are held by nonbanks. Scott argues that efforts by the Federal Reserve, the FDIC, and the Treasury to stop the contagion that exploded after the bankruptcy of Lehman Brothers lessened the economic damage. And yet Congress, spurred by the public's aversion to bailouts, has dramatically weakened the power of the government to respond to contagion, including limitations on the Fed's powers as a lender of last resort. Offering uniquely detailed forensic analyses of the Lehman Brothers and AIG failures, and suggesting alternative regulatory approaches, Scott makes the case that we need to restore and strengthen our weapons for fighting contagion.
