The first great financial crisis of the 21st century :: a retrospective /
Gespeichert in:
Weitere Verfasser: | , |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
New Jersey :
World Scientific,
[2015]
|
Schriftenreihe: | World Scientific-Now Publishers series in business ;
vol. 9 |
Schlagworte: | |
Online-Zugang: | Volltext |
Beschreibung: | 1 online resource |
ISBN: | 9789814651257 9814651257 |
Internformat
MARC
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245 | 0 | 4 | |a The first great financial crisis of the 21st century : |b a retrospective / |c edited by James R. Barth (Auburn University, USA & Milken Institue, USA), George G. Kaufman (Loyola University Chicago, USA). |
264 | 1 | |a New Jersey : |b World Scientific, |c [2015] | |
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490 | 0 | |a World Scientific-Now Publishers series in business ; |v vol. 9 | |
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505 | 0 | |a Preface; About the Authors; Chapter 1 The Great Financial Crisis of 2007-2010: The Sinners and their Sins; 1 Introduction; 2 US Sinners; 2.1 Central bankers (Monetary policy); 2.2 Commercial and investment bankers (Initial and ultimate lenders; 2.3 Credit rating agencies; 2.4 Financial engineers; 2.5 Government (Congress and the administration); 2.6 Investors (Ultimate lenders); 2.7 Mortgage borrowers; 2.8 Mortgage brokers (Salesmen); 2.9 Prudential bank regulators; 3 Conclusion; Appendix; References; Chapter 2 The Costs of the 2007-2009 Financial Crisis; 1 Introduction. | |
505 | 8 | |a 2 A Weak and Stumbling Recovery3 Measuring the Costs of the Financial Crisis; 4 Additional Perspectives on the Costs of the Crisis; 5 Summing Up the Costs; 6 Concluding Comments: Hopefully Never Again; References; Chapter 3 The US Financial Crisis and the Great Recession: Counting the Costs; 1 Introduction; 2 Lost GDP; 3 Depleted Wealth; 4 The Costs of Government Support; 4.1 Data and methodology; 4.2 The Federal Deposit Insurance Corporation; 4.3 The National Credit Union Administration; 4.4 The Federal Reserve's programs; 4.5 Treasury programs; 5 Social Costs. | |
505 | 8 | |a 5.1 Unemployment and labor force losses5.2 Bankruptcies and foreclosures; 5.3 Income and wealth inequality; 5.4 Increased poverty; 5.5 Reduced access to health care; 5.6 Lower fertility; 5.7 More education but more student debt; 6 Conclusions; References; Chapter 4 US Housing Policy and the Financial Crisis; 1 Introduction; 2 The Development of Underwriting Standards; 3 The Affordable-Housing Goals and the Decline in Underwriting Standards; 4 The GSEs' Failure to Disclose their Risk-Taking; 5 The Great Housing Bubble, 1997-2007; 6 The Effect of Bank Capital and Accounting Rules. | |
505 | 8 | |a 7 Fair Value (Mark-to-Market) Accounting8 The Arrival of Moral Hazard; 9 2008: Growing Weakness Among the Largest Banks; 10 Chaos; References; Chapter 5 Playing for Time: The Fed's Attempt to Manage the Crisis as a Liquidity Problem; 1 Introduction; 2 Causes of the Crisis; 2.1 Innovations in real estate lending, the ABCP market, and their roles in the crisis; 3 The Unfolding of the Crisis; 3.1 Liquidity v. solvency?; 3.2 The liquidity phase; 4 The Fed's Policy Responses; 4.1 Discount window lending (DWL); 4.2 The Term Auction Facility (TAF); 4.3 Central Bank Liquidity Swaps Program (CBLS). | |
505 | 8 | |a 4.4 Single-Tranche Open Market Operations (ST OMO)4.5 Term Securities Lending Facility (TSLF); 4.6 Primary Dealer Credit Facility (PDCF); 5 Assessing the Effects of Institutional Liquidity Facilities; 6 Market Liquidity: The Commercial Paper Funding Facility (CPFF); 7 Which Institutions Received the Largest Amount of Liquidity Assistance?; 7.1 Special benefi ts for special institutions; 8 Policy Concerns Shift From Illiquidity to Insolvency; 8.1 Why the long delay in recognition of solvency problems?; 9 Concluding Comments; References. | |
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author2 | Barth, James R. Kaufman, George G. |
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contents | Preface; About the Authors; Chapter 1 The Great Financial Crisis of 2007-2010: The Sinners and their Sins; 1 Introduction; 2 US Sinners; 2.1 Central bankers (Monetary policy); 2.2 Commercial and investment bankers (Initial and ultimate lenders; 2.3 Credit rating agencies; 2.4 Financial engineers; 2.5 Government (Congress and the administration); 2.6 Investors (Ultimate lenders); 2.7 Mortgage borrowers; 2.8 Mortgage brokers (Salesmen); 2.9 Prudential bank regulators; 3 Conclusion; Appendix; References; Chapter 2 The Costs of the 2007-2009 Financial Crisis; 1 Introduction. 2 A Weak and Stumbling Recovery3 Measuring the Costs of the Financial Crisis; 4 Additional Perspectives on the Costs of the Crisis; 5 Summing Up the Costs; 6 Concluding Comments: Hopefully Never Again; References; Chapter 3 The US Financial Crisis and the Great Recession: Counting the Costs; 1 Introduction; 2 Lost GDP; 3 Depleted Wealth; 4 The Costs of Government Support; 4.1 Data and methodology; 4.2 The Federal Deposit Insurance Corporation; 4.3 The National Credit Union Administration; 4.4 The Federal Reserve's programs; 4.5 Treasury programs; 5 Social Costs. 5.1 Unemployment and labor force losses5.2 Bankruptcies and foreclosures; 5.3 Income and wealth inequality; 5.4 Increased poverty; 5.5 Reduced access to health care; 5.6 Lower fertility; 5.7 More education but more student debt; 6 Conclusions; References; Chapter 4 US Housing Policy and the Financial Crisis; 1 Introduction; 2 The Development of Underwriting Standards; 3 The Affordable-Housing Goals and the Decline in Underwriting Standards; 4 The GSEs' Failure to Disclose their Risk-Taking; 5 The Great Housing Bubble, 1997-2007; 6 The Effect of Bank Capital and Accounting Rules. 7 Fair Value (Mark-to-Market) Accounting8 The Arrival of Moral Hazard; 9 2008: Growing Weakness Among the Largest Banks; 10 Chaos; References; Chapter 5 Playing for Time: The Fed's Attempt to Manage the Crisis as a Liquidity Problem; 1 Introduction; 2 Causes of the Crisis; 2.1 Innovations in real estate lending, the ABCP market, and their roles in the crisis; 3 The Unfolding of the Crisis; 3.1 Liquidity v. solvency?; 3.2 The liquidity phase; 4 The Fed's Policy Responses; 4.1 Discount window lending (DWL); 4.2 The Term Auction Facility (TAF); 4.3 Central Bank Liquidity Swaps Program (CBLS). 4.4 Single-Tranche Open Market Operations (ST OMO)4.5 Term Securities Lending Facility (TSLF); 4.6 Primary Dealer Credit Facility (PDCF); 5 Assessing the Effects of Institutional Liquidity Facilities; 6 Market Liquidity: The Commercial Paper Funding Facility (CPFF); 7 Which Institutions Received the Largest Amount of Liquidity Assistance?; 7.1 Special benefi ts for special institutions; 8 Policy Concerns Shift From Illiquidity to Insolvency; 8.1 Why the long delay in recognition of solvency problems?; 9 Concluding Comments; References. |
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dewey-ones | 330 - Economics |
dewey-raw | 330.9/0511 |
dewey-search | 330.9/0511 |
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discipline | Wirtschaftswissenschaften |
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series2 | World Scientific-Now Publishers series in business ; |
spelling | The first great financial crisis of the 21st century : a retrospective / edited by James R. Barth (Auburn University, USA & Milken Institue, USA), George G. Kaufman (Loyola University Chicago, USA). New Jersey : World Scientific, [2015] 1 online resource text txt rdacontent computer c rdamedia online resource cr rdacarrier World Scientific-Now Publishers series in business ; vol. 9 Print version record. Preface; About the Authors; Chapter 1 The Great Financial Crisis of 2007-2010: The Sinners and their Sins; 1 Introduction; 2 US Sinners; 2.1 Central bankers (Monetary policy); 2.2 Commercial and investment bankers (Initial and ultimate lenders; 2.3 Credit rating agencies; 2.4 Financial engineers; 2.5 Government (Congress and the administration); 2.6 Investors (Ultimate lenders); 2.7 Mortgage borrowers; 2.8 Mortgage brokers (Salesmen); 2.9 Prudential bank regulators; 3 Conclusion; Appendix; References; Chapter 2 The Costs of the 2007-2009 Financial Crisis; 1 Introduction. 2 A Weak and Stumbling Recovery3 Measuring the Costs of the Financial Crisis; 4 Additional Perspectives on the Costs of the Crisis; 5 Summing Up the Costs; 6 Concluding Comments: Hopefully Never Again; References; Chapter 3 The US Financial Crisis and the Great Recession: Counting the Costs; 1 Introduction; 2 Lost GDP; 3 Depleted Wealth; 4 The Costs of Government Support; 4.1 Data and methodology; 4.2 The Federal Deposit Insurance Corporation; 4.3 The National Credit Union Administration; 4.4 The Federal Reserve's programs; 4.5 Treasury programs; 5 Social Costs. 5.1 Unemployment and labor force losses5.2 Bankruptcies and foreclosures; 5.3 Income and wealth inequality; 5.4 Increased poverty; 5.5 Reduced access to health care; 5.6 Lower fertility; 5.7 More education but more student debt; 6 Conclusions; References; Chapter 4 US Housing Policy and the Financial Crisis; 1 Introduction; 2 The Development of Underwriting Standards; 3 The Affordable-Housing Goals and the Decline in Underwriting Standards; 4 The GSEs' Failure to Disclose their Risk-Taking; 5 The Great Housing Bubble, 1997-2007; 6 The Effect of Bank Capital and Accounting Rules. 7 Fair Value (Mark-to-Market) Accounting8 The Arrival of Moral Hazard; 9 2008: Growing Weakness Among the Largest Banks; 10 Chaos; References; Chapter 5 Playing for Time: The Fed's Attempt to Manage the Crisis as a Liquidity Problem; 1 Introduction; 2 Causes of the Crisis; 2.1 Innovations in real estate lending, the ABCP market, and their roles in the crisis; 3 The Unfolding of the Crisis; 3.1 Liquidity v. solvency?; 3.2 The liquidity phase; 4 The Fed's Policy Responses; 4.1 Discount window lending (DWL); 4.2 The Term Auction Facility (TAF); 4.3 Central Bank Liquidity Swaps Program (CBLS). 4.4 Single-Tranche Open Market Operations (ST OMO)4.5 Term Securities Lending Facility (TSLF); 4.6 Primary Dealer Credit Facility (PDCF); 5 Assessing the Effects of Institutional Liquidity Facilities; 6 Market Liquidity: The Commercial Paper Funding Facility (CPFF); 7 Which Institutions Received the Largest Amount of Liquidity Assistance?; 7.1 Special benefi ts for special institutions; 8 Policy Concerns Shift From Illiquidity to Insolvency; 8.1 Why the long delay in recognition of solvency problems?; 9 Concluding Comments; References. Financial crises. BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh Financial crises fast Barth, James R. Kaufman, George G. has work: The first great financial crisis of the 21st century (Text) https://id.oclc.org/worldcat/entity/E39PCFFCM8mJqVQVVp3YCYvwkC https://id.oclc.org/worldcat/ontology/hasWork Print version: First great financial crisis of the 21st century 9789814651240 (DLC) 2014046647 (OCoLC)897632468 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1091526 Volltext |
spellingShingle | The first great financial crisis of the 21st century : a retrospective / Preface; About the Authors; Chapter 1 The Great Financial Crisis of 2007-2010: The Sinners and their Sins; 1 Introduction; 2 US Sinners; 2.1 Central bankers (Monetary policy); 2.2 Commercial and investment bankers (Initial and ultimate lenders; 2.3 Credit rating agencies; 2.4 Financial engineers; 2.5 Government (Congress and the administration); 2.6 Investors (Ultimate lenders); 2.7 Mortgage borrowers; 2.8 Mortgage brokers (Salesmen); 2.9 Prudential bank regulators; 3 Conclusion; Appendix; References; Chapter 2 The Costs of the 2007-2009 Financial Crisis; 1 Introduction. 2 A Weak and Stumbling Recovery3 Measuring the Costs of the Financial Crisis; 4 Additional Perspectives on the Costs of the Crisis; 5 Summing Up the Costs; 6 Concluding Comments: Hopefully Never Again; References; Chapter 3 The US Financial Crisis and the Great Recession: Counting the Costs; 1 Introduction; 2 Lost GDP; 3 Depleted Wealth; 4 The Costs of Government Support; 4.1 Data and methodology; 4.2 The Federal Deposit Insurance Corporation; 4.3 The National Credit Union Administration; 4.4 The Federal Reserve's programs; 4.5 Treasury programs; 5 Social Costs. 5.1 Unemployment and labor force losses5.2 Bankruptcies and foreclosures; 5.3 Income and wealth inequality; 5.4 Increased poverty; 5.5 Reduced access to health care; 5.6 Lower fertility; 5.7 More education but more student debt; 6 Conclusions; References; Chapter 4 US Housing Policy and the Financial Crisis; 1 Introduction; 2 The Development of Underwriting Standards; 3 The Affordable-Housing Goals and the Decline in Underwriting Standards; 4 The GSEs' Failure to Disclose their Risk-Taking; 5 The Great Housing Bubble, 1997-2007; 6 The Effect of Bank Capital and Accounting Rules. 7 Fair Value (Mark-to-Market) Accounting8 The Arrival of Moral Hazard; 9 2008: Growing Weakness Among the Largest Banks; 10 Chaos; References; Chapter 5 Playing for Time: The Fed's Attempt to Manage the Crisis as a Liquidity Problem; 1 Introduction; 2 Causes of the Crisis; 2.1 Innovations in real estate lending, the ABCP market, and their roles in the crisis; 3 The Unfolding of the Crisis; 3.1 Liquidity v. solvency?; 3.2 The liquidity phase; 4 The Fed's Policy Responses; 4.1 Discount window lending (DWL); 4.2 The Term Auction Facility (TAF); 4.3 Central Bank Liquidity Swaps Program (CBLS). 4.4 Single-Tranche Open Market Operations (ST OMO)4.5 Term Securities Lending Facility (TSLF); 4.6 Primary Dealer Credit Facility (PDCF); 5 Assessing the Effects of Institutional Liquidity Facilities; 6 Market Liquidity: The Commercial Paper Funding Facility (CPFF); 7 Which Institutions Received the Largest Amount of Liquidity Assistance?; 7.1 Special benefi ts for special institutions; 8 Policy Concerns Shift From Illiquidity to Insolvency; 8.1 Why the long delay in recognition of solvency problems?; 9 Concluding Comments; References. Financial crises. BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh Financial crises fast |
title | The first great financial crisis of the 21st century : a retrospective / |
title_auth | The first great financial crisis of the 21st century : a retrospective / |
title_exact_search | The first great financial crisis of the 21st century : a retrospective / |
title_full | The first great financial crisis of the 21st century : a retrospective / edited by James R. Barth (Auburn University, USA & Milken Institue, USA), George G. Kaufman (Loyola University Chicago, USA). |
title_fullStr | The first great financial crisis of the 21st century : a retrospective / edited by James R. Barth (Auburn University, USA & Milken Institue, USA), George G. Kaufman (Loyola University Chicago, USA). |
title_full_unstemmed | The first great financial crisis of the 21st century : a retrospective / edited by James R. Barth (Auburn University, USA & Milken Institue, USA), George G. Kaufman (Loyola University Chicago, USA). |
title_short | The first great financial crisis of the 21st century : |
title_sort | first great financial crisis of the 21st century a retrospective |
title_sub | a retrospective / |
topic | Financial crises. BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh Financial crises fast |
topic_facet | Financial crises. BUSINESS & ECONOMICS Economics General. BUSINESS & ECONOMICS Reference. Financial crises |
url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1091526 |
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