
- 368 pages
- English
- PDF
- Available on iOS & Android
About this book
Usually associated with large bank failures, the phrase too big to fail, which is a particular form of government bailout, actually applies to a wide range of industries, as this volume makes clear. Examples range from Chrysler to Lockheed Aircraft and from New York City to Penn Central Railroad. Generally speaking, when a corporation, an organization, or an industry sector is considered by the government to be too important to the overall health of the economy, it will not be allowed to fail. Government bailouts are not new, nor are they limited to the United States. This book presents the views of academics, practitioners, and regulators from around the world (e.g., Australia, Hungary, Japan, Europe, and Latin America) on the implications and consequences of government bailouts.
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Information
Table of contents
- Contents
- Preface
- PART I: HISTORICAL AND CURRENT PERSPECTIVES
- PART II: INTERNATIONAL PERSPECTIVES
- PART III: TOO BIG, OR NOT TOO BIG TO FAIL: FANNIE MAE, FREDDIE MAC, AND ENRON
- About the Editors and Contributors
- Index