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Zusatztext Slapped by the Invisible Hand is certainly "groundbreaking", it is also technical...[If you] have longed to understand the difference between CDO and CDS, and MBS and SPV, then this could still be the book for you. Informationen zum Autor Gary B. Gorton is Professor of Finance for the Yale School of Management, previously taught at Wharton for 24 years, and worked in the Federal Reserve System. He is also a former consultant to AIG Financial Products. Klappentext At the heart of the current panic is the "shadow banking system," the nexus of financial markets and instruments unknown to most people. It is a real banking system, providing a way for institutional investors and firms to deposit money. But it was vulnerable to a banking panic. This system, which insider Gary Gorton attempts to unfurl in Slapped by the Invisible Hand, lies at the heart of today's financial crisis. Building upon his highly-acclaimed paper for the theFederal Reserve Bank of Kansas City's August 2008 Jackson Hole Conference, Gorton presents new research and the information relevant to understanding the complexity of exactly what went wrong in the financial sphere. Zusammenfassung In Slapped by the Invisible Hand, insider Gary Gorton candidly unfurls the banking system that lay at the heart of the recent global financial crisis, providing an unparalleled glimpse, and what will quite possibly be regarded as the definitive take on the economic events that dragged the world into recession. Inhaltsverzeichnis 1.: Introduction 2.: Slapped in the Face by the Invisible Hand: Banking and the Panic of 2007 (the Jekyll Island paper) 3.: The Panic of 2007: Part 1 (Part 1 of the Jackson Hole paper) 4.: The Panic of 2007: Part 2 (Part 2 of the Jackson Hole paper) Appendix A: A Brief Chronology of the Events of the Panic of 2007 Appendix B: Main Structured Investment Vehicle Outcomes 5.: Bank Regulation When "Banks" and "Banking" are Not the Same 6.: A Note to Those Reading this in 2107 7.: Bibliography 8.: Notes 9.: Index ...
