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Genesis of the financial crisis

Author: Roderick Macdonald; Palgrave Connect (Online service)
Publisher: Houndmills, Basingstoke, Hampshire ; New York : Palgrave Macmillan, 2012.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Much of our current economic malaise began with the financial crisis of 2007-2010. There are many simplistic explanations that are incomplete or simply wrong: the financial crisis was caused by greed, the Republican party, the capitalist system, American consumerism. Many experts have provided insightful explanations from the viewpoint of their specialty (financial instruments, real estate, economics, banking or
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Macdonald, Roderick, 1952-
Genesis of the financial crisis.
Houndmills, Basingstoke, Hampshire ; New York : Palgrave Macmillan, 2012
(DLC) 2012021610
(OCoLC)757930978
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Roderick Macdonald; Palgrave Connect (Online service)
ISBN: 9781137026897 1137026898
OCLC Number: 802882385
Description: 1 online resource (1 volume)
Contents: Foreword and Acknowledgements --
PART I: THE CRISIS OF 2007-2010 --
The Nature and Effects of the 2007-2010 Crisis and Ways to Resolve It --
The Nature of the 2007 Financial Crisis --
An Overview of the 'Financial Sector' --
Was this a Crisis for Everyone? --
Some Effects of the Toxic Assets --
First Effect: Difficulties in Routine Economic Transactions --
Second Effect: Shrinkage of Habitual Sources of Financing --
Third Effect: Deflation --
Why we should Care: What Happens if there is No Bailout -the Mainstream View --
An Alternative View on the Crisis: Austrian Economics --
PART II: THE GENESIS OF THE CRISIS --
The Roots of the Crisis --
Some Basics About Shelter and Home Ownership --
The Historical Context --
The Mechanics of the Crisis --
Investment Banking and Various Fund Managers --
Mortgages and the Hierarchy of Markets: from Construction to Mortgage Backed Securities --
Securitization --
Imperfections --
Three Chronologies and the Genesis of the 2007-2010 Crisis --
Overview --
Chronology of U.S. Government Interventions in Housing --
Spasms in US Housing --
The ABCP (Securitization) Bubble that Preceded the 2007 Financial Crisis --
Securities --
The Ball of Yarn Unravels --
Conclusion --
PART III: REMEDIES AND REPARTEE --
The Crisis Response of the Main Actors: Ben Bernanke and Timothy Geithner --
A Survey of Opinions 1 --
Saltwater Economists --
Saltwater Economist Number One: Paul Krugman --
Saltwater Economist Number Two: Joseph Stiglitz --
A survey of Opinions 2 --
Freshwater Economists and Austrian Economists --
Introduction --
Freshwater Economist Number One: Luigi Zingales --
Freshwater Economist Number Two: John Cochrane --
Austrian Economists --
Austrian Economists on the Bailout --
Peter Schiff on Stimulus --
Popular Opinion --
Rather than a Conclusion, more Questions --
Analysis: What Economists Saw --
Action: What Economists Proposed --
Bibliography --
Index. Machine generated contents note: --
Foreword and AcknowledgementsPART I: THE CRISIS OF 2007-2010The Nature and Effects of the 2007-2010 Crisis and Ways to Resolve ItThe Nature of the 2007 Financial CrisisAn Overview of the 'Financial Sector'Was this a Crisis for Everyone?Some Effects of the Toxic AssetsFirst Effect: Difficulties in Routine Economic TransactionsSecond Effect: Shrinkage of Habitual Sources of FinancingThird Effect: Deflation Why we should Care: What Happens if there is No Bailout -the Mainstream ViewAn Alternative View on the Crisis: Austrian EconomicsPART II: THE GENESIS OF THE CRISISThe Roots of the Crisis Some Basics About Shelter and Home OwnershipThe Historical ContextThe Mechanics of the CrisisInvestment Banking and Various Fund ManagersMortgages and the Hierarchy of Markets: from Construction to Mortgage Backed SecuritiesSecuritizationImperfectionsThree Chronologies and the Genesis of the 2007-2010 CrisisOverviewChronology of U.S. Government Interventions in HousingSpasms in US HousingThe ABCP (Securitization) Bubble that Preceded the 2007 Financial CrisisSecuritiesThe Ball of Yarn UnravelsConclusionPART III: REMEDIES AND REPARTEEThe Crisis Response of the Main Actors: Ben Bernanke and Timothy GeithnerA Survey of Opinions 1 --
Saltwater EconomistsSaltwater Economist Number One: Paul KrugmanSaltwater Economist Number Two: Joseph StiglitzA survey of Opinions 2 --
Freshwater Economists and Austrian EconomistsIntroduction Freshwater Economist Number One: Luigi ZingalesFreshwater Economist Number Two: John CochraneAustrian EconomistsAustrian Economists on the BailoutPeter Schiff on StimulusPopular OpinionRather than a Conclusion, more QuestionsAnalysis: What Economists SawAction: What Economists ProposedBibliographyIndex.
Responsibility: Roderick Macdonald.
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Abstract:

A complete and accessible explanation of the factors contributing to the onset of the 2007 financial and economic crisis. The myriad factors are explained in an orderly way with simple terms. The  Read more...

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