Too Big To Save How to Fix the U.S. Financial System

Name: Too Big To Save
Author: Robert Pozen

Auteur: Robert Pozen

Taal: Engels

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Auteur: Robert Pozen Robert J. Shiller

Engels
Hardcover
9780470499054
24 november 2009
480 pagina's

Alle productspecificaties

Samenvatting

Industry luminary Robert Pozen offers his insights on the future of U.S. finance The recent credit crisis and the resulting bailout program are unprecedented events in the financial industry. While it's important to understand what got us here, it's even more important to consider how we should get out.

Mortgage defaults, together with excessive debt and weak regulation, ultimately led to a major financial crisis in the United States in 2008. But how exactly did a steep drop in U.S. housing prices result in a severe financial crisis throughout the world? What did the U.S. government do right and what did it do wrong in responding to this financial crisis? And perhaps most importantly, what actions should be taken in the future to resolve this financial crisis and help prevent others from happening? In Too Big to Save?, Robert Pozen answers these and other key questions as he presents his vision for repairing the U.S. financial system.

Each chapter of this timely book analyzes the impact of the financial crisis on a major part of the U.S. financial system. Pozen first explains the globalization of the financial crisis through the sale of mortgage-backed securities around the world. He suggests how the securitization process should be reformed, including new approaches to credit rating agencies and credit default swaps.

Second, he assesses the impact of the financial crisis on the stock and bond markets. He criticizes the broad government guarantees of bank debt and money market funds, and calls for reinstating the incentives for large debt holders to scrutinize the condition of financial institutions.

Third, he evaluates the federal bailout of financial institutions by buying their stock and toxic assets. He shows how these bailouts constitute “one-way capitalism” whereby taxpayers bear most of the losses but stand to receive little of any potential gains.

Finally, he outlines what can and cannot be achieved realistically through international financial cooperation. For the United States, he proposes a concrete plan to address risks to the entire financial system and strengthen the functional regulation of each segment of the financial services industry.

Too Big to Save? will give you a sound framework to analyze the daily barrage of information about the financial crisis. It offers a blueprint for restoring the financial system without repeating the mistakes of the past.

Productspecificaties

Inhoud

Taal: en
Bindwijze: Hardcover
Oorspronkelijke releasedatum: 24 november 2009
Aantal pagina's: 480
Illustraties: Nee

Betrokkenen

Hoofdauteur: Robert Pozen
Tweede Auteur: Robert J. Shiller
Hoofduitgeverij: Onbekend

Overige kenmerken

Extra groot lettertype: Nee
Product breedte: 165 mm
Product hoogte: 38 mm
Product lengte: 236 mm
Studieboek: Ja
Verpakking breedte: 162 mm
Verpakking hoogte: 237 mm
Verpakking lengte: 42 mm
Verpakkingsgewicht: 697 g

EAN

EAN: 9780470499054

Je vindt dit artikel in

Categorieën: Economie & Financiën

Financien & Boekhouding

Accounting

Financien

Boeken
Taal: Engels
Boek, ebook of luisterboek?: Boek
Studieboek of algemeen: Algemene boeken
Beschikbaarheid: Leverbaar

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