Across the Great Divide: New Perspectives on the Financial Crisis

Taylor, John B.

ISBN 10: 0817917845 / ISBN 13: 9780817917845

Published by Hoover Institution Press, 2014

About this Item

With very good dust jacket. Very Good hardcover with light shelfwear - NICE! Standard-sized.

Seller Inventory # mon0000253871

Bibliographic Details

• Title: Across the Great Divide: New Perspectives on the Financial Crisis
• Publisher: Hoover Institution Press
• Publication Date: 2014
• Language: English
• ISBN 10: 0817917845
• ISBN 13: 9780817917845
• Binding: hardcover
• Condition: Very Good
• Dust Jacket Condition: Dust Jacket Included

About this title

Synopsis

The financial crisis of 2008 devastated the American economy and caused U.S. policymakers to rethink their approaches to major financial crises. More than five years have passed since the collapse of Lehman Brothers, but questions still persist about the best ways to avoid and respond to future financial crises. In Across the Great Divide, a copublication with Brookings Institution, contributing economic and legal scholars from academia, industry, and government analyze the financial crisis of 2008, from its causes and effects on the U.S. economy to the way ahead. The expert contributors consider postcrisis regulatory policy reforms and emerging financial and economic trends, including the roles played by highly accommodative monetary policy, securitization run amok, government-sponsored enterprises (GSEs), large asset bubbles, excessive leverage, and the Federal funds rate, among other potential causes. They discuss the role played by the Federal Reserve and examine the concept of “too big to fail.” And they review and assess resolution frameworks, considering experiences with Lehman Bros. and other firms in the crisis, Title II of the Dodd-Frank Act, and the Chapter 14 bankruptcy code proposal.

About the Author

Martin Neil Baily is the Bernard L. Schwartz Chair in Economic Policy Development and senior fellow and director of the business and public policy initiative at the Brookings Institution. He lives in Washington, DC. John B. Taylor is the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University. He lives in Stanford, California.