"The 2008 crash was the worst financial crisis and the most severe economic downturn since the Great Depression. It triggered a complete overhaul of the global regulatory environment, ushering in a stream of new rules and laws to combat the perceived weakness of the financial sy…
"What is wrong with today's banking system? The past few years have shown that risks in banking can impose significant costs on the economy. Many claim, however, that a safer banking system would require sacrificing lending and economic growth. The Bankers' New Clothes examines …
"Financial market reform has focused chiefly on the threats to stability arising from the risky, uncontrolled activity of the leaders of financial institutions. Nevertheless, organized crime, white-collar crime, and corruption have a huge impact on financial systems worldwide an…
In the past two years, the world has experienced how unsound economic practices can disrupt global economic and social order. Today & rsquo;s volatile global financial situation highlights the importance of managing risk and the consequences of poor decision making. The Doom Loo…
The recent global economic crisis has revealed that the prevailing risk management systems in the banking and financial sectors are utterly inadequate to protect the public from unacceptable levels of risk. Such "black holes of risk," which expose all of us to catastrophic harm,…
In the past two years, the world has experienced how unsound economic practices can disrupt global economic and social order. Today & rsquo;s volatile global financial situation highlights the importance of managing risk and the consequences of poor decision making. The Doom Loo…
"Reinventing Financial Regulation offers an analysis of the fundamental flaws that plague the current system of financial regulation, one built around ideas of 'risk-sensitivity' and 'capital adequacy.' Author Avinash Persaud argues that while some sensible reforms have been int…
Years have passed since the world experienced one of the worst financial crises in history, and while countless experts have analyzed it, many central questions remain unanswered. Should money creation be considered a 'public' or 'private' activity - or both? What do we mean by,…
Présentation de l'éditeur : "Years have passed since the world experienced one of the worst financial crises in history, and while countless experts have analyzed it, many central questions remain unanswered. Should money creation be considered a 'public' or 'private' activity-o…
"Though the banking crisis captured the public's attention, Mian and Sufi argue strongly with actual data that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit, they show, is disastrously counterproductive when the fundame…
