AFTER THE MUSIC STOPPED THE FINANCIAL CRISIS THE RESPONSE AND THE WORK AHEAD

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After The Music Stopped

Author : Alan S. Blinder
ISBN : 9781101605875
Genre : Business & Economics
File Size : 44.44 MB
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New York Times Bestseller One of our wisest and most clear-eyed economic thinkers offers a masterful narrative of the crisis and its lessons. Many fine books on the financial crisis were first drafts of history—books written to fill the need for immediate understanding. Alan S. Blinder, esteemed Princeton professor, Wall Street Journal columnist, and former vice chairman of the Federal Reserve Board, held off, taking the time to understand the crisis and to think his way through to a truly comprehensive and coherent narrative of how the worst economic crisis in postwar American history happened, what the government did to fight it, and what we can do from here—mired as we still are in its wreckage. With bracing clarity, Blinder shows us how the U.S. financial system, which had grown far too complex for its own good—and too unregulated for the public good—experienced a perfect storm beginning in 2007. Things started unraveling when the much-chronicled housing bubble burst, but the ensuing implosion of what Blinder calls the “bond bubble” was larger and more devastating. Some people think of the financial industry as a sideshow with little relevance to the real economy—where the jobs, factories, and shops are. But finance is more like the circulatory system of the economic body: if the blood stops flowing, the body goes into cardiac arrest. When America’s financial structure crumbled, the damage proved to be not only deep, but wide. It took the crisis for the world to discover, to its horror, just how truly interconnected—and fragile—the global financial system is. Some observers argue that large global forces were the major culprits of the crisis. Blinder disagrees, arguing that the problem started in the U.S. and was pushed abroad, as complex, opaque, and overrated investment products were exported to a hungry world, which was nearly poisoned by them. The second part of the story explains how American and international government intervention kept us from a total meltdown. Many of the U.S. government’s actions, particularly the Fed’s, were previously unimaginable. And to an amazing—and certainly misunderstood—extent, they worked. The worst did not happen. Blinder offers clear-eyed answers to the questions still before us, even if some of the choices ahead are as divisive as they are unavoidable. After the Music Stopped is an essential history that we cannot afford to forget, because one thing history teaches is that it will happen again.
Category: Business & Economics

Handbook Of Research On Behavioral Finance And Investment Strategies Decision Making In The Financial Industry

Author : Copur, Zeynep
ISBN : 9781466674851
Genre : Business & Economics
File Size : 54.89 MB
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In an ever-changing economy, market specialists strive to find new ways to evaluate the risks and potential reward of economic ventures by assessing the importance of human reaction during the economic planning process. The Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry presents an interdisciplinary, comparative, and competitive analysis of the thought processes and planning necessary for individual and corporate economic management. This publication is an essential reference source for professionals, practitioners, and managers working in the field of finance, as well as researchers and academicians interested in an interdisciplinary approach to combine financial management, sociology, and psychology.
Category: Business & Economics

Banking A Very Short Introduction

Author : John Goddard
ISBN : 9780191002816
Genre : Business & Economics
File Size : 83.76 MB
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Banks are of central importance for economic growth, the allocation of capital, competitiveness, and financial stability. Propelled by technological advances in financial analysis and financial deregulation, the banking industry's investment played a key role in enhancing national economic growth in the early 21st century. The global financial crisis in 2007 revealed the banking world's feet of clay. Since 2007, the turmoil in the global financial system has prompted a fundamental reappraisal of the scale, scope, governance, performance, safety and soundness of banks and other financial institutions. In this Very Short Introduction John Goddard and John Wilson explore the world of banking, describing the role of central banks in national and global economies, and analysing the increasing supervision and regulation imposed on the banking industry. Looking to the future, the authors consider proposals for reform of the banking industry, and the prospects of a resolution of the closely-related banking and sovereign debt crises. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.
Category: Business & Economics

God And The Financial Crisis

Author : Gary D. Badcock
ISBN : 9781443888370
Genre : Religion
File Size : 68.36 MB
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A fundamental belief in personal liberty and in the ability of free markets to realise the good lies at the heart of the neoliberal economic orthodoxy that has now shaped public policy for a generation. Confidence in orthodox economics has, however, been badly shaken by the financial crisis of 2008 and, in the years following, by the effects of the Great Recession. The era of casino banking was not only an era of de-industrialisation and under-employment, but also of iniquitous tax avoidance schemes, and of grotesquely inflated levels of social inequality. Such factors, we now realise, have reduced the life-prospects of millions of our fellow-citizens. This interdisciplinary volume of essays, with wide-ranging contributions by theologians and social scientists, explores the theological, economic, and moral implications of these developments. Its central claim is that neoliberalism’s failure to appreciate the limitations of its fiduciary commitments contributed massively to the economic crisis. A more honest appraisal of the relation between the language of belief and the sphere of economic behaviour is therefore required. This must also result in appropriate policy changes, to harness the power of the economy to serve a more generous vision of the human good.
Category: Religion

Across The Great Divide

Author : Martin Neil Baily
ISBN : 9780817917869
Genre : Business & Economics
File Size : 55.73 MB
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The financial crisis of 2008 devastated the American economy and caused U.S. policymakers to rethink their approaches to major financial crises. More than five years have passed since the collapse of Lehman Brothers, but questions still persist about the best ways to avoid and respond to future financial crises. In Across the Great Divide, a copublication with Brookings Institution, contributing economic and legal scholars from academia, industry, and government analyze the financial crisis of 2008, from its causes and effects on the U.S. economy to the way ahead. The expert contributors consider postcrisis regulatory policy reforms and emerging financial and economic trends, including the roles played by highly accommodative monetary policy, securitization run amok, government-sponsored enterprises (GSEs), large asset bubbles, excessive leverage, and the Federal funds rate, among other potential causes. They discuss the role played by the Federal Reserve and examine the concept of "too big to fail." And they review and assess resolution frameworks, considering experiences with Lehman Bros. and other firms in the crisis, Title II of the Dodd-Frank Act, and the Chapter 14 bankruptcy code proposal.
Category: Business & Economics

Khiy R T Sa Bah

Author : Hillary Rodham Clinton
ISBN : 9953888523
Genre : Presidents' spouses
File Size : 77.47 MB
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Category: Presidents' spouses

Author : George Soros
ISBN : 9789960545042
Genre : Political Science
File Size : 37.41 MB
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جنى جورج سوروس المليارات من خلال توقع التغيرات الزلزالية في الأسواق المالية، واستخدم هذه الأموال لمحاولة تغيير العالم. في هذا الكتاب، يجلب سوروس ذلك الالتزام إلى الموضوع الذي هجس في صدره منذ عام 2001: حالة الولايات المتحدة الأمريكية. لا يعاين سوروس النواقص المهلكة والشروخ العميقة والعيوب الخطيرة في الإدارة الحالية فقط ـــ وعداؤه لها موثق توثيقا جيداً ـــ بل في النظرة الأمريكية الأوسع للعالم. «رجل الدولة الذي لا ينتمي إلى أي دولة»، ولا تكبحه الحاجة إلى تخفيف وتلطيف حدة رسالته لتناسب السياسة الحزبية، يقدم أقوى وأعمق وصف كتبه حتى الآن، ليبين كيف فقد البلد الذي يجب أن يكون بمثابة المنارة الهادية للحكم الرشيد في العالم، وجهته وضل اتجاهه، فصدق الأمريكيون بلاغتهم الخطابية الطنانة وأساطيرهم الخرافية الموهومة، في تحد سافر للحقائق التي ستشكل مستقبلهم. يصر سوروس بإلحاح على وجوب أن «تغير أمريكا موقفها بشكل جوهري». فإذا أرادت نقطة انطلاق، كما يقول، فمن الأفضل البدء بالتخلي عما يكمن ضمنا في الحرب على الإرهاب من «مشاعر الرضى والقناعة والسعادة»، والتبرؤ مما يحايثها من سوء فهم، وتأويلات خاطئة، واعتقادات مغلوطة. يتصدى جورج سوروس، وقد بلغ الخامسة والسبعين، بوضوح لا لبس فيه وعزم لا يلين للموضوعات الرئيسة في عصرنا الحالي: التهديدات والأخطار التي تدهم حضارتنا، مثل انتشار الأسلحة النووية، والاحتباس الحراري، والإرهاب، ومكافحة الإرهاب، وتفكك أواصر التعاون الدولي. في عصر اللاعصمة يفعل سوروس ذلك بأسلوب بليغ فياض بالمشاعر والحماس. العبيكان للنشر
Category: Political Science

Back To The Future Of Socialism

Author : Hain, Peter
ISBN : 9781447321705
Genre : Political Science
File Size : 64.11 MB
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What's gone wrong with capitalism and how should governments respond? What does the future hold for the Left in the UK in the face of the austerity straitjacket around our politics and media? Anthony Crosland’s The Future of Socialism (1956) provided a creed for governments of the centre left until the global banking crisis. Now Peter Hain presents an evidence-based case for a radical alternative to the neo-liberal economic agenda. A substantial new Afterword outlines what the Labour Party needs to do following the 2015 UK General Election to win again by returning to its core values of decency, social justice, equality and prosperity for all. A rousing alternative to the neoliberal, right-wing orthodoxy of our era, Hain’s book is now even more essential reading for everyone interested in the future of the left.
Category: Political Science

When Government Helped

Author : Sheila D. Collins
ISBN : 9780199990719
Genre : Social Science
File Size : 80.27 MB
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When Government Helped systematically evaluates some parallels between The Great Depression and the 2007-2008 global economic meltdown, not only in terms of their economic causes and consequences, but also in terms of their political and cultural contexts and the environmental crises that afflict both periods. The positive and negative lessons for contemporary policy-making are evaluated by a multidisciplinary team of authors across a range of policy arenas. This book is a unique blend of disciplines that presents a new set of guideposts--some beneficial, some cautionary--for the future.
Category: Social Science

Author : Steven D. Levitt
ISBN : 9789960543932
Genre : Business & Economics
File Size : 38.65 MB
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أيهما أشد خطراً، المسدس أم حوض السباحة؟ ما هي الأشياء المشتركة بين معلمي المدارس ومصارعي السومو؟ لماذا ما يزال تجار المخدرات يعيشون مع أمهاتهم؟ ما هو مقدار اهتمام الوالدين حقاً؟ ما هو تأثير قضية «رو» و«ويد» في جرائم العنف؟ قد لا تبدو هذه الأسئلة مثل الأسئلة النمطية التي يسألها الاقتصادي، لكن ستيفن د. ليفيت ليس اقتصادياً نمطياً؛ إنه عالم شجاع أكثر من أي شيء آخر، يدرس المادة والأحاجي في الحياة اليومية ــ من الغش والجريمة إلى الرياضة وتربية الأطفال ــ وتقوم استنتاجاته عادة على قلب الحكمة التقليدية رأساً على عقب. وغالباً ما يبدأ بتل كبير من المعطيات وبسؤال بسيط لم يطرح من قبل. إنه يهتم ببعض هذه الأسئلة مثل قضايا الحياة والموت، وبعضها الآخر ذو ميزات استثنائية دون شك. وهكذا يحتوي هذا الكتاب على حقل جديد من الدراسة، وهو (الاقتصاد العجيب). ومن خلال سرده للقصص الآسرة ومن النظرة العميقة غير المباشرة، يبين ليفيت وزميله ستيفن ج. دوبنر أن الاقتصاد -في جذوره- دراسة للحوافز ـــ كيف يحصل الناس على ما يريدون أو يحتاجون، لاسيما عندما يريد الناس الآخرون الشيء ذاته أو يحتاجونه. في كتابهما (الاقتصاد العجيب)، يشرع المؤلفان في استكشاف الجانب الخفي ـــ من كل شيء؛ الأعمال الداخلية لعصابة مخدرات، وحقيقة الوسطاء العقاريين، وأساطير تمويل الحملات. وقصص الغش لدى معلمي المدارس. وأسرار جمعية كوكلوكس كلان (العرقية). ومن هنا فإذا كانت الأخلاق تمثل كيف نريد للعالم أن يسير، فإن الاقتصاد يمثل كيف يعمل العالم فعلاً. صحيح إن قراء هذا الكتاب سيتسلحون بقصص وأحاجٍ تكفي لتروى في آلاف الحفلات، لكن كتاب (الاقتصاد العجيب) يستطيع أن يقدم أكثر من ذلك، إنه يعيد تعريف الطريقة التي ننظر بها إلى العالم الحديث تعريفاً حرفياً. العبيكان للنشر
Category: Business & Economics