First Great Financial Crisis Of The 21st Century, The: A Retrospective

A Retrospective

James R Barth, George G Kaufman

• Publisher: WSPC
• Year: 2015
• eBook ISBN:
  9789814651264
• Topic: Scienze biologiche
• Subtopic: Scienza generale

Although there have been numerous studies of the causes and consequences of the Great Financial Crisis of 2007–2010 in the US and abroad, many of these were undertaken only for a small number of countries and before the financial and economic effects were fully realized and before various governmental policy responses were decided upon and actually implemented. This book aims to fill these voids by providing a more thorough assessment now that the worst events and the regulatory reforms are sufficiently behind us and much more information about these developments is available. It reviews and analyzes the causes and consequences of and the regulatory responses to the Great Financial Crisis, particularly from a public policy viewpoint. In the process, it explores such intriguing questions as: What caused the crisis? How did the crisis differ across countries? What is the outlook for another crisis, and when? This is a must read for those who are trying to find answers to these questions.

Although there have been numerous studies of the causes and consequences of the Great Financial Crisis of 2007–2010 in the US and abroad, many of these were undertaken only for a small number of countries and before the financial and economic effects were fully realized and before various governmental policy responses were decided upon and actually implemented. This book aims to fill these voids by providing a more thorough assessment now that the worst events and the regulatory reforms are sufficiently behind us and much more information about these developments is available. It reviews and analyzes the causes and consequences of and the regulatory responses to the Great Financial Crisis, particularly from a public policy viewpoint. In the process, it explores such intriguing questions as: What caused the crisis? How did the crisis differ across countries? What is the outlook for another crisis, and when? This is a must read for those who are trying to find answers to these questions.

Readership: Graduate students, academics, economists, finance professionals, monetary, banking authorities and financial regulatory bodies, and those who are interested to find out the impacts of the Great Financial Crisis and the adequecy of the reforms and policy responses in its aftermath.
Key Features:

• Analyzes theoretically and empirically the Great Financial Crisis of 2007–2010 not only in the micro- and macro-perspectives, but also with case studies on different countries
• Presents a much more thorough assessment on the causes and consequences of and the regulatory responses to the Great Financial Crisis with the most up-to-date information
• Emphasizes in particular the Dodd–Frank Act: its implementation and its impacts on financial regulation, monetary policy and the future of global finance

Table of contents

• Cover
• Halftitle
• Title Page
• Copyright
• Contents
• Preface
• About the Authors
• Chapter 1 The Great Financial Crisis of 2007–2010: The Sinners and their Sins
• Chapter 2 The Costs of the 2007–2009 Financial Crisis
• Chapter 3 The US Financial Crisis and the Great Recession: Counting the Costs
• Chapter 4 US Housing Policy and the Financial Crisis
• Chapter 5 Playing for Time: The Fed’s Attempt to Manage the Crisis as a Liquidity Problem
• Chapter 6 Japan’s Financial Regulatory Responses to the Global Financial Crisis
• Chapter 7 Regulatory Response to the Financial Crisis in Europe: Recent Developments (2010–2013)
• Chapter 8 Regulatory Change in Australia and New Zealand Following the Global Financial Crisis
• Chapter 9 The Dodd-Frank Act: Systemic Risk, Enhanced Prudential Regulation, and Orderly Liquidation
• Chapter 10 The Trade Execution and Central Clearing Requirements of Dodd-Frank Title VII — Transparency, Risk Management, and Financial Stability
• Chapter 11 A Primer on Dodd-Frank’s Title VIII
• Chapter 12 Macroliquidity: Selected Topics Related to Title XI of the Dodd-Frank Act of 2010
• Chapter 13 The Dodd-Frank Act: Key Features, Implementation Progress, and, Financial System Impact
• Chapter 14 Hair of the Dog that Bit Us: The Insufficiency of New and Improved Capital Requirements
• Chapter 15 Misdiagnosis: Incomplete Cures of Financial Regulatory Failures
• Chapter 16 Path-Dependent Monetary Policy in the Post-Financial Crisis Era of Dodd-Frank
• Chapter 17 Bank Crisis Resolution and the Insufficiency of Fiscal Backstops: The Case of Spain