Former Library book. Great condition for a used book! Minimal wear. Bookseller Inventory #
Financial disasters often have long-range institutional consequences. When financial institutions--banks, insurance companies, brokerage firms, stock exchanges--collapse, new ones take their place, and these changes shape markets for decades or even generations. Surviving Large Losses explains why such financial crises occur, why their effects last so long, and what political and economic conditions can help countries both rich and poor survive--and even prosper--in the aftermath. Looking at past and more recent financial disasters through the lens of political economy, the authors identify three factors critical to the development of financial institutions: the level of government debt, the size of the middle class, and the quality of information that is available to participants in financial transactions. They seek to find out when these factors promote financial development and mitigate the effects of financial crises and when they exacerbate them. Although there is no panacea for crises--no one set of institutions that will resolve them--it is possible, the authors argue, to strengthen existing financial institutions, to encourage economic growth, and to limit the harm that future catastrophes can do.
About the Author:
Philip T. Hoffman is Rea A. and Lela G. Axline Professor of Business Economics and Professor of History, California Institute of Technology.
Gilles Postel-Vinay is Director of studies at École des Hautes Études en Sciences Sociales.
Jean-Laurent Rosenthal is Professor of Business Economics at the California Institute of Technology.
Title: Surviving Large Losses: Financial Crises, ...
Publisher: Belknap Press
Publication Date: 2007
Book Condition: Very Good
Book Description Belknap Press, 2007. Book Condition: Good. Former Library book. Shows some signs of wear, and may have some markings on the inside. Bookseller Inventory # GRP64658064
Book Description Belknap Press. Hardcover. Book Condition: VERY GOOD. little to no wear, pages are clean. The cover and binding are crisp with next no creases. Bookseller Inventory # 2774276155
Book Description Belknap Press, 2007. Book Condition: Good. Ships from the UK. Former Library book. Shows some signs of wear, and may have some markings on the inside. Bookseller Inventory # GRP96749970
Book Description Belknap Press, 2007. Hardcover. Book Condition: Used: Good. Bookseller Inventory # SONG0674024699
Book Description Belknap Press, 2007. Hardcover. Book Condition: Very Good. Great condition with minimal wear, aging, or shelf wear. Bookseller Inventory # P020674024699
Book Description Belknap Press, 2007. Hardcover. Book Condition: Like New. Almost new condition. Bookseller Inventory # P010674024699
Book Description Belknap Press, 2007. Hardcover. Book Condition: New. Never used!. Bookseller Inventory # P110674024699
Book Description Belknap Press, 2007. Hardcover. Book Condition: Good. 0. Ships with Tracking Number! INTERNATIONAL WORLDWIDE Shipping available. May not contain Access Codes or Supplements. Buy with confidence, excellent customer service!. Bookseller Inventory # 0674024699