Lessons of the Financial Crisis: Council Special Report No. 45, March 2009 (Council on Foreign Relations (Council on Foreign Relations Press))

0 avg rating
( 0 ratings by Goodreads )
 
9780876094327: Lessons of the Financial Crisis: Council Special Report No. 45, March 2009 (Council on Foreign Relations (Council on Foreign Relations Press))

The story of the financial crisis will be retold endlessly as one of widespread greed, corruption, and incompetence, enabled by a policy agenda dominated by an ideology of deregulation. Yet even if the marketplace had been populated by more ethical and conscientious individuals, and even if their activities had been more carefully scrutinized by regulators, the world would still have wound up with a major boom and bust —such is the power, as history attests, of cheap money.

In Lessons of the Financial Crisis, Benn Steil argues that we are seeing a classic bust of a credit boom created by policies whose combined effects increased the demand for debt to unsustainable levels. U.S. monetary policy, taxation policy, and homeownership promotion policy were so conducive to credit expansion that to lay the blame on regulators who were "asleep at the switch" is dangerously simplistic. The United States in particular, given that it effectively sets monetary and credit conditions for a significant portion of the global economy, needs to put in place policies that can better recognize and curtail an incipient credit boom, and ensure that systemically important financial institutions can withstand its unwinding.

"synopsis" may belong to another edition of this title.

About the Author:

Benn Steil is senior fellow and director of international economics at the Council on Foreign Relations. He is also the founding editor of International Finance, a top scholarly economics journal, as well as a cofounder and managing member of Efficient Frontiers LLC, a capital markets consultancy.

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

1.

Benn Steil
Published by Council on Foreign Relations (2009)
ISBN 10: 0876094329 ISBN 13: 9780876094327
New Paperback Quantity Available: 1
Seller:
Ergodebooks
(RICHMOND, TX, U.S.A.)
Rating
[?]

Book Description Council on Foreign Relations, 2009. Paperback. Book Condition: New. Bookseller Inventory # DADAX0876094329

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 18.09
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

2.

Benn Steil
Published by Council on Foreign Relations (2009)
ISBN 10: 0876094329 ISBN 13: 9780876094327
New Paperback Quantity Available: 1
Seller:
Irish Booksellers
(Rumford, ME, U.S.A.)
Rating
[?]

Book Description Council on Foreign Relations, 2009. Paperback. Book Condition: New. book. Bookseller Inventory # M0876094329

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 23.19
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

3.

Benn Steil
Published by Council on Foreign Relations (2009)
ISBN 10: 0876094329 ISBN 13: 9780876094327
New Paperback Quantity Available: 1
Seller:
Revaluation Books
(Exeter, United Kingdom)
Rating
[?]

Book Description Council on Foreign Relations, 2009. Paperback. Book Condition: Brand New. 52 pages. 9.00x6.00x0.12 inches. In Stock. Bookseller Inventory # zk0876094329

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 20.21
Convert Currency

Add to Basket

Shipping: US$ 7.95
From United Kingdom to U.S.A.
Destination, Rates & Speeds

4.

Steil, Benn
Published by Council on Foreign Relations (2009)
ISBN 10: 0876094329 ISBN 13: 9780876094327
New Paperback Quantity Available: 2
Seller:
Murray Media
(North Miami Beach, FL, U.S.A.)
Rating
[?]

Book Description Council on Foreign Relations, 2009. Paperback. Book Condition: New. Never used!. Bookseller Inventory # P110876094329

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 32.22
Convert Currency

Add to Basket

Shipping: US$ 1.99
Within U.S.A.
Destination, Rates & Speeds

5.

Steil, Benn
Published by Council on Foreign Relations
ISBN 10: 0876094329 ISBN 13: 9780876094327
New PAPERBACK Quantity Available: 1
Seller:
Cloud 9 Books
(Wellington, FL, U.S.A.)
Rating
[?]

Book Description Council on Foreign Relations. PAPERBACK. Book Condition: New. 0876094329 New Condition. Bookseller Inventory # NEW7.1413675

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 59.99
Convert Currency

Add to Basket

Shipping: US$ 4.99
Within U.S.A.
Destination, Rates & Speeds