home | register | view cart  

  
logon     

Search category: 
Book title: 


NEW BOOKS    

Where we are + Working Hours summer 2019

Story

Contact us

Bookshop Events

Our Social Networks Home

Services

Subjects


SPECIAL OFFER

Agriculture & Farming

Archaeology

Architecture

Arts

Astronomy

Biology

Business & Management

Chemistry

Children

Computing

Cookery and Food

Earth Science

Economics

Economic Theory And Philosophy

Econometrics

Economic Forecasting

Economic Systems

Financial Crises And Disasters

International Economics

Labour Economics

Macroeconomics

Microeconomics

Political Economy

Education

ELT

Engineering

Environment

Family & Home

Fiction

Finance

Games and Humor

Geography

History

Humanities

Industy & Industrial Studies

International Law

Language & Linguistics

Law

Literature

Mathematics

Medicine

Music

Philosophy

Physics

Politics & Government

Psychology

Reference, Information

Regional & Area Planning

Religion & Beliefs

Science (General)

Social Science

Sociology

Sports

Statistics

Technology - (General)

Travel & Holiday

Veterinary Science

Warfare & Defence

FANTASY

DRAMA

DVD

DOVER Series
Shipping Information

Bookshop views

BRITISH COUNCIL Coursebooks

ST. STEPHENS SCHOOL Roma

UNIVERSITIES Adoptions



WHAT CAUSED THE FINANCIAL CRISIS (TRADE)
by FRIEDMAN, JEFFREY
Categories: Economics Economic Systems
ISBN: 0812221184   - ISBN 13: 9780812221183
AAB Internal Code: 5544022

Pubblication year: 2010
Arrival date: 16/5/2012
Published by: University Of Pennsylvania Press

The deflation of the subprime mortgage bubble in 2006-7 is widely agreed to have been the immediate cause of the collapse of the financial sector in 2008. Consequently, one might think that uncovering the origins of subprime lending would make the root causes of the crisis obvious. That is essentially where public debate about the causes of the crisis began-and ended-in the month following the bankruptcy of Lehman Brothers and the 502-point fall in the Dow Jones Industrial Average in mid-September 2008. However, the subprime housing bubble is just one piece of the puzzle. Asset bubbles inflate and burst frequently, but severe worldwide recessions are rare. What was different this time? In What Caused the Financial Crisis leading economists and scholars delve into the major causes of the worst financial collapse since the Great Depression and, together, present a comprehensive picture of the factors that led to it. One essay examines the role of government regulation in expanding home ownership through mortgage subsidies for impoverished borrowers, encouraging the subprime housing bubble.; Another explores how banks were able to securitize mortgages by manipulating criteria used for bond ratings. How this led to inaccurate risk assessments that could not be covered by sufficient capital reserves mandated under the Basel accords is made clear in a third essay. Other essays identify monetary policy in the United States and Europe, corporate pay structures, credit-default swaps, banks' leverage, and financial deregulation as possible causes of the crisis. With contributions from Richard A. Posner, Vernon L. Smith, Joseph E. Stiglitz, and John B. Taylor, among others, What Caused the Financial Crisis provides a cogent, comprehensive, and credible explanation of why the crisis happened. It will be an essential resource for scholars and students of finance, economics, history, law, political science, and sociology, as well as others interested in the financial crisis and the nature of modern capitalism and regulation.

Items in stock: 1
Book Price:  € 31.20  
WEB Discount:  - € 4.68   (15%)
WEB Price:  € 26.52  
Available: Immediately


 
If you personally go to our bookshop, you will still be entitled to the same WEB DISCOUNT, provided that you bring and show the assistant a print-out of the web page where the discounted price is indicated, and provided that the document is not older than 3 days at the time of your visit.
Anglo American Book Co. S.r.l.