1.

Record Nr.

UNINA9910337672203321

Autore

Pizzutto Giorgio

Titolo

The US Financial System and its Crises : From the 1907 Panic to the 2007 Crash / / by Giorgio Pizzutto

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Palgrave Macmillan, , 2019

ISBN

9783030144890

3030144895

Edizione

[1st ed. 2019.]

Descrizione fisica

1 online resource (x, 219 pages) : illustrations (chiefly color), charts

Collana

Palgrave Studies in Economic History, , 2662-6500

Disciplina

332.0973

338.5420973

Soggetti

Economic history

Finance

History

Financial services industry

North America - Economic conditions

Macroeconomics

Economic policy

Economic History

Financial History

Financial Services

North American Economics

Macroeconomics and Monetary Economics

Economic Policy

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Chapter 1: Introduction -- Chapter 2: The US financial system from the National Banking Act to the crisis of 2007 -- Chapter 3: The birth of the Federal reserve and its monetary policy -- Chapter 4: Non bank financial intermediaries and the crisis of 1929 -- Chapter 5: The Great Depression -- Chapter 6: The money market after the second world war: securitization and the role of dealers -- Chapter 7: Monetary policy, spread compression and the house market -- Chapter 8: The



money market, the collateral market and the crisis of 2007-08 -- Chapter 9 Conclusions.

Sommario/riassunto

Looking at the precedents set by the panic of 1907 and the Great Depression in America, this book investigates the causes of the 2007-2008 financial crisis. Pizzutto examines the effects of monetary policy, as well as of expanding and contracting financial cycles, in order to analyze the breakdown of the money market and capital market circuits. Not only exploring the impact of the Federal Reserve and central banking on monetary policy, he also analyzes the role of non-bank financial intermediaries. How can monetary policy resolve the instability of the US financial system? How can financial intermediation work effectively? This timely book highlights how historical lessons can be used to avoid the next financial crisis. .