Read more
This volume narrates the financial history of the United States during a period of great upheaval in the early part of the 21st century.
It is divided into three chronological sections: the first section describes the recovery of financial markets after the Great Recession. It begins with an overview of the state of the economy at the start of the new decade, including some of the political storms affecting the economy and financial markets. It explores the uneven nature of the recovery and volatility in the Treasury during these years. The second section sets forth regulatory responses to the Financial Crisis of 2008, including the massive fines imposed on large banks by a swarm of regulators. It examines the "too big to jail" prosecution model, cases involving Libor and foreign exchange manipulation and the impact of rogue traders. It also looks at the developments in payment systems, rise of crowdfunding as a source of capital, and high-frequency trading. The third section describes the rules adopted under the Dodd-Frank Act of 2010 that broadly affected financial markets. It also recounts the Trump trade wars and ends with an account of the financial and economic turmoil that occurred during the Covid-19 pandemic in 2020.
The volume will be an essential addition to academic and public libraries with readers drawn from business schools, departments of economics and finance, and historians.
List of contents
PART I. THE AFTERMATH OF THE FINANCIAL CRISIS 1. Post Dodd-Frank Issues 2. Recovering From the Great Recession (2010-2011) 3. Recovery Strengthens (2012-2016) PART II. POST-FINANCIAL CRISIS REGULATORY ACTIONS 4. The "Too Big to Jail" Prosecution Model 5. Financial Crisis-Related Prosecutions 6. Financial Services Crimes and Market Misdemeanors 7. More Post Dodd-Frank Regulations and Market Developments PART III. TRUMP ADMINISTRATION (2017-2020) 8. Finance and the Trump Administration (2017-2019) 9. The Covid-19 Pandemic 10. Covid-19 Federal Relief Efforts and Market Recovery 11. Science Versus Finance. Conclusion
About the author
Jerry W. Markham is a professor of law at Florida International University in Miami, USA, where he teaches corporate and international business law.
Summary
This volume narrates the financial history of the United States during a period of great upheaval in the early part of the twenty-first century.
