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Unfinished business : the unexplored causes of the financial crisis and the lessons yet to be learned / Tamim Bayoumi

By: Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Publisher: New Haven : Yale University Press, 2017Description: 1 Online-Ressource (x, 286 pages)ISBN:
  • 0300231830
  • 9780300231830
Subject(s): Additional physical formats: 9780300225631 | 0300231830. | 9780300231830. | Erscheint auch als: Unfinished business. Druck-Ausgabe New Haven : Yale University Press [2017]DDC classification:
  • 338.5/42
LOC classification:
  • HB3722
Online resources: Summary: Cover page ; Halftitle page ; Title page ; Copyright page; Dedication ; CONTENTS; FIGURES; ACKNOWLEDGEMENTS; INTRODUCTION The Needle (and the Damage Done); The Needle; The Damage Done; What Went Wrong; PART I ANATOMY OF THE NORTH ATLANTIC FINANCIAL CRISIS; Chapter 1 EUROPEAN BANKS UNFETTERED; The Road to Hell is Paved with Good Intentions; Charting the Transformation of European Banking 1985-2002; The European Banking System in 2002; Chapter 2 US SHADOW BANKS UNLEASHED; Inflation and the Rise of a Dual Banking System; Bank Regulators Looking Under the Wrong LamppostSummary: Investment Bankers Become Masters of the UniverseCharting the Transforming US Financial System; The US Financial System in 2002; Chapter 3 BOOM AND BUST; Regulators and the Cross-Atlantic Financial Drift; How the Basel Committee Encouraged Euro Area Mega-Banks; Charting the Unsustainable North Atlantic Financial Boom; Charting the North Atlantic Macroeconomic Boom and Bust; Similar Macroeconomic Booms, Dissimilar Busts; PART II MISDIAGNOSING THE NORTH ATLANTIC ECONOMY; Chapter 4 A FLAWED MONETARY UNION; Differing Visions of Monetary Union; Jacques Delors and His CommitteeSummary: The Maastricht TreatyThe Flawed Single Currency; Chapter 5 INTELLECTUAL BLINKERS AND UNEXPECTED SPILLOVERS; How The Efficient Markets Hypothesis undermined Bank Regulation; The Great Moderation and Overestimation of Monetary Policy's Effectiveness; How Benign Neglect Undermined International Policy Cooperation; How Economic Models Distorted Policymaking; Chapter 6 A HISTORY OF THE INTERNATIONAL MONETARY SYSTEM IN FIVE CRISES; Why International Debt Flows Are So Skittish; International Debt and Its Discontents; Charting International Financial Crises; Taming International Debt FlowsSummary: <DIV>A penetrating critique tracing how under-regulated trading between European and U.S. banks led to the 2008 financial crisis-with a prescription for preventing another meltdown</DIV>PPN: PPN: 1003156223Package identifier: Produktsigel: ZDB-4-EBA | ZDB-4-EBU | ZDB-4-NLEBK
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