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What caused the financial crisis

Author: Jeffrey Friedman
Publisher: Philadelphia : University of Pennsylvania Press, ©2011.
Edition/Format:   Print book : State or province government publication : EnglishView all editions and formats
Summary:
The deflation of the subprime mortgage bubble in 2006-7 is widely agreed to have been the immediate cause of the collapse of the financial sector in 2008. Consequently, one might think that uncovering the origins of subprime lending would make the root causes of the crisis obvious. That is essentially where public debate about the causes of the crisis began-and ended-in the month following the bankruptcy of Lehman  Read more...
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Genre/Form: History
Material Type: Government publication, State or province government publication, Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Jeffrey Friedman
ISBN: 9780812221183 0812221184
OCLC Number: 606785106
Description: ix, 360 pages : illustrations ; 22 cm
Contents: Capitalism and the crisis : bankers, bonuses, ideology, and ignorance / Jeffrey Friedman --
Part I: The crisis in historical perspective. An accident waiting to happen : securities regulation and financial deregulation / Amar Bhid ; Monetary policy, credit extension, and housing bubbles : 2008 and 1929 / Steven Gjerstad and Vernon L. Smith --
Part II: What went wrong (and what didn't)? The anatomy of a murder : who killed the American economy? / Joseph E. Stiglitz ; Monetary policy, economic policy, and the financial crisis : an empirical analysis of what went wrong / John B. Taylor ; Housing initiatives and other policy factors / Peter J. Wallison ; How securitization concentrated risk in the financial sector / Viral V. Acharya and Matthew Richardson ; A regulated meltdown : the Basel rules and banks' leverage / Juliusz Jablecki and Mateusz Machaj ; The credit-rating agencies and the subprime debacle / Lawrence J. White ; Credit-default swaps and the crisis / Peter J. Wallison --
Part III: Economists, economics, and the financial crisis. The crisis of 2008 : lessons for and from economics / Daron Acemoglu ; The financial crisis and the systemic failure of the economics profession / David Colander [and others] --
Afterword : the causes of the financial crisis / Richard A. Posner.
Responsibility: edited by Jeffrey Friedman.

Abstract:

Featuring essays by Nobel laureate economists and an afterword by Richard Posner, this volume provides a comprehensive overview of the collapse of the global financial sector in 2008. It will be  Read more...

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"You will find in this collection some of the best efforts so far to understand the financial crisis."-Edmund Phelps, Columbia University

 
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    schema:description "Capitalism and the crisis : bankers, bonuses, ideology, and ignorance / Jeffrey Friedman -- Part I: The crisis in historical perspective. An accident waiting to happen : securities regulation and financial deregulation / Amar Bhid ; Monetary policy, credit extension, and housing bubbles : 2008 and 1929 / Steven Gjerstad and Vernon L. Smith -- Part II: What went wrong (and what didn't)? The anatomy of a murder : who killed the American economy? / Joseph E. Stiglitz ; Monetary policy, economic policy, and the financial crisis : an empirical analysis of what went wrong / John B. Taylor ; Housing initiatives and other policy factors / Peter J. Wallison ; How securitization concentrated risk in the financial sector / Viral V. Acharya and Matthew Richardson ; A regulated meltdown : the Basel rules and banks' leverage / Juliusz Jablecki and Mateusz Machaj ; The credit-rating agencies and the subprime debacle / Lawrence J. White ; Credit-default swaps and the crisis / Peter J. Wallison -- Part III: Economists, economics, and the financial crisis. The crisis of 2008 : lessons for and from economics / Daron Acemoglu ; The financial crisis and the systemic failure of the economics profession / David Colander [and others] -- Afterword : the causes of the financial crisis / Richard A. Posner."@en ;
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