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Informationen zum Autor Jeffrey Friedman is a visiting scholar in the Department of Government at the University of Texas, Austin. He is the editor of What Caused the Financial Crisis, also available from the University of Pennsylvania Press, and editor of the journal Critical Review. Wladimir Kraus is a doctoral candidate in economics at Universite Paul Cezanne Aix-Marseille and associate editor of Critical Review. Together, Friedman and Kraus maintain Causes of the Crisis, a blog that publishes updated information about the financial crisis. Klappentext Jeffrey Friedman is a visiting scholar in the Department of Government at the University of Texas, Austin. He is the editor of What Caused the Financial Crisis, also available from the University of Pennsylvania Press, and editor of the journal Critical Review. Wladimir Kraus is a doctoral candidate in economics at Universite Paul Cezanne Aix-Marseille and associate editor of Critical Review. Together, Friedman and Kraus maintain Causes of the Crisis, a blog that publishes updated information about the financial crisis. Zusammenfassung This study examines the role of the Basel Accords-a set of international standards regulating bank capital-in the global financial crisis. It argues that because the accords were so widely adopted! they effectively homogenized the banking industry! increasing the systemic risk they were intended to prevent. Inhaltsverzeichnis List of Figures and Tables Glossary of Abbreviations and Acronyms Introduction 1 Bonuses, Irrationality, and Too-Bigness: The Conventional Wisdom About the Financial Crisis and Its Theoretical Implications 2 Capital Adequacy Regulations and the Financial Crisis: Bankers' and Regulators' Errors 3 The Interaction of Regulations and the Great Recession: Fetishizing Market Prices 4 Capitalism and Regulation: Ignorance, Heterogeneity, and Systemic Risk Conclusion Appendix I. Scholarship About the Corporate-Compensation Hypothesis Appendix II. The Basel Rules off the Balance Sheet Notes References Index Acknowledgments ...
