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Verdict on the Crash: Causes and Policy Implications (IEA Hobart, 37, Band 37) - Softcover

 
9780255366359: Verdict on the Crash: Causes and Policy Implications (IEA Hobart, 37, Band 37)
Softcover
ISBN 10: 0255366353 ISBN 13: 9780255366359
Verlag: Institute of Economic Affairs, 2009

Inhaltsangabe

With contributions from James Alexander, Michael Beenstock, Eamonn Butler, Tim Congdon, Laurence Copeland, Kevin Dowd, John Greenwood, Samuel Gregg, John Kay, David Llewellyn, Alan Morrison, D. R. Myddelton, Anna Schwartz, and Geoffrey Wood, this book challenges the myth that the recent banking crisis was caused by insufficient statutory regulation of financial markets. Though it finds that statutory regulation failed, and that market participants took more risks than they should have, it appears that statutory regulation made matters worse rather than better. Furthermore the 15 experts who have contributed to this study find that government policy failed in other respects too. As with the boom and bust that led to the Great Depression, loose monetary policy on both sides of the Atlantic helped to promote an asset price bubble and credit boom which, at some stage, was bound to have serious consequences. Rejecting the failed approach of discretionary detailed regulation of the financial system, the authors instead propose specific and incisive regulatory tools that are designed to target, in a non-intrusive way, particular weaknesses in a banking system that is backed by deposit insurance. This study, by some of the most eminent authors in the field, is essential reading for all those who are interested in the policy implications of recent events in financial markets.

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Über die Autorin bzw. den Autor

Philip Booth is editorial and program director at the Institute of Economic Affairs and a professor of insurance and risk management at Cass Business School. He worked for the Bank of England as an advisor on financial stability issues and has written widely, including a number of books, on investment, finance, social insurance, and pensions, as well as on the relationship between Catholic social teaching and economics. He is editor of economic affairs and associate editor of the Annals of Actuarial Science and the British Actuarial Journal.

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Verlag
Institute of Economic Affairs
Erscheinungsdatum
2009
Sprache
Englisch
ISBN 10 
0255366353
ISBN 13 
9780255366359
Einband
Taschenbuch
Anzahl der Seiten
199
Herausgeber
Booth Philip
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
preigu
mail@preigu.de

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