Restoring Financial Stability: How to Repair a Failed System - Couverture rigide

New York University Stern School Of Business

Couverture rigide

ISBN 10 : 0470499346 ISBN 13 : 9780470499344

Editeur : John Wiley & Sons, 2009

Synopsis

Restoring Financial Stability An insightful look at how to reform our broken financial system The financial crisis that unfolded in September 2008 transformed the United States and world economies.

A propos du livre

Quatrième de couverture :

Praise for Restoring Financial Stability

"The Stern School faculty is making an important contribution to the needed debate about how to go about reforming our broken financial system. Plainly, the insights of financial theory need to be better adapted to the practical requirements of maintaining reasonable stability of markets and institutions. Restoring Financial Stability: How to Repair a Failed System helps point the way."
Paul Volcker, Chairman of Economic Recovery Advisory Board and former Chairman of the Federal Reserve (1979 1987)

"Although we are yet in the midst of a gigantic global financial crisis, the academics who contributed to this timely and comprehensive compendium have provided us with not only an excellent analysis on each topic, but also timely recommendations as to how to move forward responsibly to develop the next generation of our financial–service industry architecture."
Myron Scholes, Chairman of Platinum Grove Asset Management and winner of the 1997 Nobel Prize in Economics

"The authors provide important perspectives on both the causes of the global financial crisis as well as proposed solutions to ensure it doesn′t happen again. A must–read for anyone interested or involved in the financial markets."
John Paulson, President and founder of Paulson & Co, Inc.

"No sustainable economic recovery can take hold until our tattered financial system is not just repaired but, more importantly, until its institutional framework is restructured and new rules of financial behavior are put in place. This book, the work of prominent academicians from a leading school of business, makes an important contribution to the framing of the problems and provides specific recommendations for their solutions. What makes this book especially valuable is its detailed evaluations and analyses covering many spectrums of the marketplace."
Henry Kaufman, President of Henry Kaufman & Co., Inc.

"This book consists of a set of papers providing a comprehensive and incisive analysis of perhaps the greatest crisis to hit the capitalist system in recent times. The papers are by renowned experts in the area. Together, they constitute an indispensable read for anyone interested in understanding the roots of the crisis and trying to formulate policies to resolve it."
Raghuram G. Rajan, Eric J. Gleacher Distinguished Service Professor of Finance, Chicago Booth School of Business, and former Chief Economist at the International Monetary Fund (2003 2006)

Revue de presse :

"In conclusion, this book should be read by every serious observer of the crisis. It is an outstanding contribution." ( Lombard Street)

" ably tackles complex issues and covers a wide spectrum of the current debate, including the multiplicity of regulators, the need for international regulatory coordination, transparency, fair value accounting, compensation reform, and the extent to which monetary policy should address systemic asset bubbles." (The Investment Professional)

the book that best combines history, analysis and prescription is Restoring Financial Stability , a series of essays by academics at New York University s Stern School of Business. The 60–page prologue is packed with telling facts and sophisticated analysis, and alone is worth the steep cover price. The individual chapters deal methodically with the myriad issues raised by the crunch, and the policy changes that will be needed, covering everything from the American mortgage market to the need for international cooperation in regulating finance." (The Economist)

"We are always better analysts with a 20/20 hindsight. Indeed, an ex post reading about events leading up to a crisis appears logical, and often leaves one with the question about why the evolution of the crisis could not be seen and corrected in time. Still, policy–makers know that such a review and understanding are important to learning from mistakes. Restoring Financial Stability (Wiley) acts as a catalyst to that understanding by offering a comprehensive sequencing of the causes and progression of the build–up of the financial strains that . . evolved into a full–blown global financial crisis. . . highly recommended even though bankers will remain bankers and will probably figure out ways to beat the new system." (Business Standard)

À propos de cette édition

• Éditeur: John Wiley & Sons
• Date d'édition: 2009
• ISBN 10: 0470499346
• ISBN 13: 9780470499344
• Reliure: Relié
• Numéro d'édition: 1
• Nombre de pages: 416