Read more
Informationen zum Autor ROBERT W. KOLB is the Frank W. Considine Chair of Applied Ethics and Professor of Finance at Loyola University, Chicago. Before this, he was the assistant dean, Business and Society, and director, Center for Business and Society, at the University of Colorado at Boulder and department chairman at the University of Miami. Kolb has authored over twenty books on finance, derivatives, and futures, as well as numerous articles in leading finance journals. Klappentext The world's best financial minds help us understand today's financial crisisWith so much information saturating the market for the everyday investor, trying to understand why the economic crisis happened and what needs to be done to fix it can be daunting. There is a real need, and demand, from both investors and the financial community to obtain answers as to what really happened and why.Lessons from the Financial Crisis brings together the leading minds in the worlds of finance and academia to dissect the crisis. Divided into three comprehensive sections-The Subprime Crisis; The Global Financial Crisis; and Law, Regulation, the Financial Crisis, and The Future-this book puts the events that have transpired in perspective, and offers valuable insights into what we must do to avoid future missteps.* Each section is comprised of chapters written by experienced contributors, each with his or her own point of view, research, and conclusions* Examines the market collapse in detail and explores safeguards to stop future crises* Encompasses the most up-to-date analysis from today's leading financial mindsWe currently face a serious economic crisis, but in understanding it, we can overcome the challenges it presents. This well-rounded resource offers the best chance to get through the current situation and learn from our mistakes. Zusammenfassung The world's best financial minds help us understand today's financial crisis With so much information saturating the market for the everyday investor, trying to understand why the economic crisis happened and what needs to be done to fix it can be daunting. Inhaltsverzeichnis Acknowledgments xv Editor's Note xvii Introduction xix PART I Overview of the Crisis 1 1 Leverage and Liberal Democracy 3 George Bragues 2 A Property Economics Explanation of the Global Financial Crisis 9 Gunnar Heinsohn and Frank Decker 3 Of Subprimes and Sundry Symptoms: The Political Economy of the Financial Crisis 17 Ashok Bardhan 4 The Political Economy of the Financial Crisis of 2008 23 Roger D. Congleton 5 The Global Financial Crisis of 2008: WhatWent Wrong? 31 Hershey H. Friedman and Linda Weiser Friedman 6 The Roots of the Crisis and How to Bring It to a Close 37 James K. Galbraith 7 Enron Rerun: The Credit Crisis in Three Easy Pieces 43 Jonathan C. Lipson 8 The Global Crisis and Its Origins 51 Peter L. Swan 9 Four Paradoxes of the 2008-2009 Economic and Financial Crisis 59 John E. Marthinsen 10 Understanding the Subprime Financial Crisis 69 Steven L. Schwarcz PART II Causes and Consequences of the Financial Crisis 77 11 The Origins of the Financial Crisis 79 Martin N. Baily, Robert E. Litan, and Matthew S. Johnson 12 Ten Myths about SubprimeMortgages 87 Yuliya Demyanyk 13 The Financial Crisis: How Did We Get Here and Where Do We Go Next? New Evidence on How the Crisis Spread Among Financial Institutions 95 James R. Barth, Tong Li, Lu Wenling, and Glenn H. Yago 14 A Decade of Living Dangerously: The Causes and Consequences of theMortgage, Financial, and Economic Crises 103 Jon A. Garfinkel and Jarjisu Sa-Aadu 15 Making Sense of the Subprime Crisis 109 Kristopher S. ...
