Political bubbles :: financial crises and the failure of American democracy /
"Behind every financial crisis lurks a "political bubble"--Policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles--arising from a potent combination of beliefs, institutions, and interests--aid, abet,...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Princeton :
Princeton University Press,
2013.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "Behind every financial crisis lurks a "political bubble"--Policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles--arising from a potent combination of beliefs, institutions, and interests--aid, abet, and amplify risk. Demonstrating how political bubbles helped create the real estate-generated financial bubble and the 2008 financial crisis, this book argues that similar government oversights in the aftermath of the crisis undermined Washington's response to the "popped" financial bubble, and shows how such patterns have occurred repeatedly throughout US history. The authors show that just as financial bubbles are an unfortunate mix of mistaken beliefs, market imperfections, and greed, political bubbles are the product of rigid ideologies, unresponsive and ineffective government institutions, and special interests. Financial market innovations--including adjustable-rate mortgages, mortgage-backed securities, and credit default swaps--become subject to legislated leniency and regulatory failure, increasing hazardous practices. The authors shed important light on the politics that blinds regulators to the economic weaknesses that create the conditions for economic bubbles and recommend simple, focused rules that should help avoid such crises in the future."--Publisher's website |
| Beschreibung: | 1 online resource (x, 356 pages) : illustrations |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9781400846399 1400846390 |
Internformat
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| 100 | 1 | |a McCarty, Nolan M. |0 http://id.loc.gov/authorities/names/no91030027 | |
| 245 | 1 | 0 | |a Political bubbles : |b financial crises and the failure of American democracy / |c Nolan McCarty, Princeton University, Keith T. Poole, University of Georgia, Howard Rosenthal, New York University. |
| 260 | |a Princeton : |b Princeton University Press, |c 2013. | ||
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| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a Bubble expectations -- Ideology -- The interests -- Institutions -- The political bubble of the crisis of 2008 -- Historical lessons of the responses to pops -- The pop of 2008 -- "Pop"ulism -- How to waste a crisis. | |
| 520 | |a "Behind every financial crisis lurks a "political bubble"--Policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles--arising from a potent combination of beliefs, institutions, and interests--aid, abet, and amplify risk. Demonstrating how political bubbles helped create the real estate-generated financial bubble and the 2008 financial crisis, this book argues that similar government oversights in the aftermath of the crisis undermined Washington's response to the "popped" financial bubble, and shows how such patterns have occurred repeatedly throughout US history. The authors show that just as financial bubbles are an unfortunate mix of mistaken beliefs, market imperfections, and greed, political bubbles are the product of rigid ideologies, unresponsive and ineffective government institutions, and special interests. Financial market innovations--including adjustable-rate mortgages, mortgage-backed securities, and credit default swaps--become subject to legislated leniency and regulatory failure, increasing hazardous practices. The authors shed important light on the politics that blinds regulators to the economic weaknesses that create the conditions for economic bubbles and recommend simple, focused rules that should help avoid such crises in the future."--Publisher's website | ||
| 588 | 0 | |a Print version record. | |
| 546 | |a English. | ||
| 650 | 0 | |a Global Financial Crisis, 2008-2009 |x Political aspects. | |
| 650 | 0 | |a Financial crises |z United States |x History |y 21st century. | |
| 650 | 6 | |a Crise financière mondiale, 2008-2009 |x Aspect politique. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Economic Conditions. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Economic History. |2 bisacsh | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Economics |x Comparative. |2 bisacsh | |
| 650 | 7 | |a POLITICAL SCIENCE |x Economic Conditions. |2 bisacsh | |
| 650 | 7 | |a POLITICAL SCIENCE |x Political Economy. |2 bisacsh | |
| 650 | 7 | |a Financial crises |2 fast | |
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| 648 | 7 | |a 2000-2099 |2 fast | |
| 655 | 7 | |a History |2 fast | |
| 700 | 1 | |a Poole, Keith T. |0 http://id.loc.gov/authorities/names/n83328577 | |
| 700 | 1 | |a Rosenthal, Howard, |d 1939- |1 https://id.oclc.org/worldcat/entity/E39PBJmXDVfyGfdQCxJ9GXMByd |0 http://id.loc.gov/authorities/names/no90003089 | |
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| 776 | 0 | 8 | |i Print version: |a McCarty, Nolan M. |t Political bubbles. |d Princeton : Princeton University Press, 2013 |z 9780691145013 |w (DLC) 2012041583 |w (OCoLC)818327287 |
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Datensatz im Suchindex
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| _version_ | 1813903609922846721 |
| adam_text | |
| any_adam_object | |
| author | McCarty, Nolan M. |
| author2 | Poole, Keith T. Rosenthal, Howard, 1939- |
| author2_role | |
| author2_variant | k t p kt ktp h r hr |
| author_GND | http://id.loc.gov/authorities/names/no91030027 http://id.loc.gov/authorities/names/n83328577 http://id.loc.gov/authorities/names/no90003089 |
| author_facet | McCarty, Nolan M. Poole, Keith T. Rosenthal, Howard, 1939- |
| author_role | |
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| collection | ZDB-4-EBA |
| contents | Bubble expectations -- Ideology -- The interests -- Institutions -- The political bubble of the crisis of 2008 -- Historical lessons of the responses to pops -- The pop of 2008 -- "Pop"ulism -- How to waste a crisis. |
| ctrlnum | (OCoLC)842919696 |
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| era | 2000-2099 fast |
| era_facet | 2000-2099 |
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| genre | History fast |
| genre_facet | History |
| geographic | United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq |
| geographic_facet | United States |
| id | ZDB-4-EBA-ocn842919696 |
| illustrated | Illustrated |
| indexdate | 2024-10-25T16:21:25Z |
| institution | BVB |
| isbn | 9781400846399 1400846390 |
| language | English |
| oclc_num | 842919696 |
| open_access_boolean | |
| owner | MAIN |
| owner_facet | MAIN |
| physical | 1 online resource (x, 356 pages) : illustrations |
| psigel | ZDB-4-EBA |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | Princeton University Press, |
| record_format | marc |
| spelling | McCarty, Nolan M. http://id.loc.gov/authorities/names/no91030027 Political bubbles : financial crises and the failure of American democracy / Nolan McCarty, Princeton University, Keith T. Poole, University of Georgia, Howard Rosenthal, New York University. Princeton : Princeton University Press, 2013. 1 online resource (x, 356 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier Includes bibliographical references and index. Bubble expectations -- Ideology -- The interests -- Institutions -- The political bubble of the crisis of 2008 -- Historical lessons of the responses to pops -- The pop of 2008 -- "Pop"ulism -- How to waste a crisis. "Behind every financial crisis lurks a "political bubble"--Policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles--arising from a potent combination of beliefs, institutions, and interests--aid, abet, and amplify risk. Demonstrating how political bubbles helped create the real estate-generated financial bubble and the 2008 financial crisis, this book argues that similar government oversights in the aftermath of the crisis undermined Washington's response to the "popped" financial bubble, and shows how such patterns have occurred repeatedly throughout US history. The authors show that just as financial bubbles are an unfortunate mix of mistaken beliefs, market imperfections, and greed, political bubbles are the product of rigid ideologies, unresponsive and ineffective government institutions, and special interests. Financial market innovations--including adjustable-rate mortgages, mortgage-backed securities, and credit default swaps--become subject to legislated leniency and regulatory failure, increasing hazardous practices. The authors shed important light on the politics that blinds regulators to the economic weaknesses that create the conditions for economic bubbles and recommend simple, focused rules that should help avoid such crises in the future."--Publisher's website Print version record. English. Global Financial Crisis, 2008-2009 Political aspects. Financial crises United States History 21st century. Crise financière mondiale, 2008-2009 Aspect politique. BUSINESS & ECONOMICS Economic Conditions. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics Comparative. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh POLITICAL SCIENCE Political Economy. bisacsh Financial crises fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq Global Financial Crisis (2008-2009) fast https://id.oclc.org/worldcat/entity/E39Qhp4vBbr3T8xBMDbJhDhGmm 2000-2099 fast History fast Poole, Keith T. http://id.loc.gov/authorities/names/n83328577 Rosenthal, Howard, 1939- https://id.oclc.org/worldcat/entity/E39PBJmXDVfyGfdQCxJ9GXMByd http://id.loc.gov/authorities/names/no90003089 has work: Political bubbles (Text) https://id.oclc.org/worldcat/entity/E39PCGfdRjJdCykyDg4G6D96fC https://id.oclc.org/worldcat/ontology/hasWork Print version: McCarty, Nolan M. Political bubbles. Princeton : Princeton University Press, 2013 9780691145013 (DLC) 2012041583 (OCoLC)818327287 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=543149 Volltext CBO01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=543149 Volltext |
| spellingShingle | McCarty, Nolan M. Political bubbles : financial crises and the failure of American democracy / Bubble expectations -- Ideology -- The interests -- Institutions -- The political bubble of the crisis of 2008 -- Historical lessons of the responses to pops -- The pop of 2008 -- "Pop"ulism -- How to waste a crisis. Global Financial Crisis, 2008-2009 Political aspects. Financial crises United States History 21st century. Crise financière mondiale, 2008-2009 Aspect politique. BUSINESS & ECONOMICS Economic Conditions. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics Comparative. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh POLITICAL SCIENCE Political Economy. bisacsh Financial crises fast |
| title | Political bubbles : financial crises and the failure of American democracy / |
| title_auth | Political bubbles : financial crises and the failure of American democracy / |
| title_exact_search | Political bubbles : financial crises and the failure of American democracy / |
| title_full | Political bubbles : financial crises and the failure of American democracy / Nolan McCarty, Princeton University, Keith T. Poole, University of Georgia, Howard Rosenthal, New York University. |
| title_fullStr | Political bubbles : financial crises and the failure of American democracy / Nolan McCarty, Princeton University, Keith T. Poole, University of Georgia, Howard Rosenthal, New York University. |
| title_full_unstemmed | Political bubbles : financial crises and the failure of American democracy / Nolan McCarty, Princeton University, Keith T. Poole, University of Georgia, Howard Rosenthal, New York University. |
| title_short | Political bubbles : |
| title_sort | political bubbles financial crises and the failure of american democracy |
| title_sub | financial crises and the failure of American democracy / |
| topic | Global Financial Crisis, 2008-2009 Political aspects. Financial crises United States History 21st century. Crise financière mondiale, 2008-2009 Aspect politique. BUSINESS & ECONOMICS Economic Conditions. bisacsh BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics Comparative. bisacsh POLITICAL SCIENCE Economic Conditions. bisacsh POLITICAL SCIENCE Political Economy. bisacsh Financial crises fast |
| topic_facet | Global Financial Crisis, 2008-2009 Political aspects. Financial crises United States History 21st century. Crise financière mondiale, 2008-2009 Aspect politique. BUSINESS & ECONOMICS Economic Conditions. BUSINESS & ECONOMICS Economic History. BUSINESS & ECONOMICS Economics Comparative. POLITICAL SCIENCE Economic Conditions. POLITICAL SCIENCE Political Economy. Financial crises United States History |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=543149 |
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