000 04077cam a2200433 a 4500
001 112226
005 20230410105356.0
008 110317s2010 enk b 001 0 eng d
035 _a16696314
925 0 _aacquire
_b1 shelf copies
_xpolicy default
942 _2lcc
_cbk
010 _a 2011280543
020 _a9780745651637 (hardback)
020 _a0745651631 (hardback)
020 _a9780745651644 (paperback)
020 _a074565164X (paperback)
035 _a(OCoLC)ocn664616502
040 _aSIMAS
_cSIMAS
_dPIT
_dCDX
_dBWX
_dCBU
_dTJC
_dIAY
_dIAD
_dDLC
042 _alccopycat
050 1 4 _aHB 3717
_bD255f 2010
100 1 _aDavies, H.
_q(Howard),
_d1951-
245 1 4 _aThe financial crisis :
_bwho is to blame? /
_cHoward Davies.
260 _aCambridge, UK ;
_aMalden, MA :
_bPolity Press,
_cc2010.
300 _avi, 229 p. ;
_c23 cm.
504 _aIncludes bibliographical references and index.
505 0 _aThe big picture. Frankenstein's monster: the end of laissez-faire capitalism ; The rich get richer, the poor borrow ; The savings glut: global imbalances ; Too loose for too long: U.S. monetary policy -- The trigger. Minsky's moment ; The subprime collapse: a failure of government? -- The failures of regulation. A capital shortage ; Procyclicality ; The canary in the coal mine: off-balance sheet vehicles ; The taxi at the station: liquidity ; The blind man and the elephant: U.S. regulation ; SEC, RIP? ; Financial weapons of mass destruction: derivatives ; Federal mortgage regulation ; Casino banking: the end of Glass-Steagall ; Too big to fail ; Lighting the touchpaper: light touch regulation ; There were three people in the marriage: UK regulation ; A failure of coordination ; Paradise lost: offshore centres -- Accountants, auditors and rating agencies. Shoot the messenger: fair value accounting ; Tunnel vision: the auditors ; Conflicts of interest: credit rating agencies -- Financial firms and markets. Breaking the chain: originate to distribute ; Too complex to trade: derivatives ; Disaster myopia: risk management ; The roach motel: corporate governance ; Blankfein's bonus: pay and incentives ; The vampire squid: fraud ; A plague of locusts: hedge funds ; Short-selling -- Economics and finance theory: irrational expectations. The death of economics ; Inefficient markets ; An ethics-free zone: business schools -- Wild cards. The watchdog that didn't bark: the media ; Greed is bad ; Lara Croft: video games ; Hormones -- And finally. A combustible mixture.
520 0 _a"There is still no consensus on who or what caused the financial crisis which engulfed the world, beginning in the summer of 2007. A huge number of suspects have been identified, from greedy investment bankers, through feckless borrowers, dilatory regulators and myopic central bankers to violent video games and high levels of testosterone among the denizens of trading floors. There is not even agreement on whether the crisis shows a need for more government intervention in markets, or less: some maintain that government encouragement of home ownership lay at the heart of the problem in the US, in particular. In The Financial Crisis Howard Davies charts a course through these arguments, and the evidence advanced for each of them. The reader can thereby assess the weight to be attached to each, and the likely effectiveness of the remedies under development."- -Description viewed from website on 21 Sept. 2010.
650 0 _aGlobal Financial Crisis, 2008-2009.
650 0 _aSubprime mortgage loans
_zUnited States.
650 0 _aBank failures
_zUnited States.
650 0 _aBanking law
_zUnited States.
650 0 _aOff balance sheet financing
_zUnited States.
650 0 _aIntervention (Federal government)
_zUnited States.
650 0 _aCredit ratings
_zUnited States.
650 4 _aCrisis financiera mundial, 2008-2009
650 4 _aPrestamos hipotecarios
_zEstados Unidos
650 4 _aQuiebras bancarias
_zEstados Unidos.
856 4 0 _aDescription and Table of Contents :
_uhttp://www.polity.co.uk/book.asp?ref=9780745651637
999 _c35404
_d35404