Unfinished business : the unexplored causes of the financial crisis and the lessons yet to be learned /
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
New Haven :
Yale University Press,
[2017]
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| Subjects: | |
| Online Access: | Connect to this title online (one simultaneous user allowed) |
Table of Contents:
- Cover page ; Halftitle page ; Title page ; Copyright page; Dedication ; CONTENTS; FIGURES; ACKNOWLEDGEMENTS; INTRODUCTION The Needle (and the Damage Done); The Needle; The Damage Done; What Went Wrong; PART I ANATOMY OF THE NORTH ATLANTIC FINANCIAL CRISIS; Chapter 1 EUROPEAN BANKS UNFETTERED; The Road to Hell is Paved with Good Intentions; Charting the Transformation of European Banking 1985-2002; The European Banking System in 2002; Chapter 2 US SHADOW BANKS UNLEASHED; Inflation and the Rise of a Dual Banking System; Bank Regulators Looking Under the Wrong Lamppost
- Investment Bankers Become Masters of the UniverseCharting the Transforming US Financial System; The US Financial System in 2002; Chapter 3 BOOM AND BUST; Regulators and the Cross-Atlantic Financial Drift; How the Basel Committee Encouraged Euro Area Mega-Banks; Charting the Unsustainable North Atlantic Financial Boom; Charting the North Atlantic Macroeconomic Boom and Bust; Similar Macroeconomic Booms, Dissimilar Busts; PART II MISDIAGNOSING THE NORTH ATLANTIC ECONOMY; Chapter 4 A FLAWED MONETARY UNION; Differing Visions of Monetary Union; Jacques Delors and His Committee
- The Maastricht TreatyThe Flawed Single Currency; Chapter 5 INTELLECTUAL BLINKERS AND UNEXPECTED SPILLOVERS; How The Efficient Markets Hypothesis undermined Bank Regulation; The Great Moderation and Overestimation of Monetary Policy's Effectiveness; How Benign Neglect Undermined International Policy Cooperation; How Economic Models Distorted Policymaking; Chapter 6 A HISTORY OF THE INTERNATIONAL MONETARY SYSTEM IN FIVE CRISES; Why International Debt Flows Are So Skittish; International Debt and Its Discontents; Charting International Financial Crises; Taming International Debt Flows
- PART III COMPLETING THE CUREChapter 7 WILL REVAMPED FINANCIAL REGULATIONS WORK?; Upgrading the Basel Rules; Moving Toward a Euro Area Banking Union; Taming the US Shadow Banks; Charting the Post-Crisis Changes in the Financial System; The Road Ahead; Chapter 8 MAKING MACROECONOMICS MORE RELEVANT; The Way We Were; Expanding the Focus of Macroeconomics; Strengthening Domestic Policy Cooperation; A More Inclusive Approach to Macroeconomic Theory; Toward a More Encompassing View of Macroeconomics; Chapter 9 WHITHER EMU?; The Institutional Response to the Euro Area Crisis
- What Makes a Good Currency Union?How Fast Is EMU Integrating?; The Future of EMU; FINAL THOUGHTS; NOTES; REFERENCES; INDEX