1.

Record Nr.

UNINA9910463812103321

Titolo

Across the great divide : new perspectives on the financial crisis / / edited by Martin Neil Baily and John B. Taylor

Pubbl/distr/stampa

Stanford, California : , : Hoover Institution Press, , 2014

©2014

ISBN

0-8179-1786-1

0-8179-1784-5

0-8179-1788-8

Descrizione fisica

1 online resource (417 p.)

Collana

Hoover Institution Press Publication  Across the great divide

Disciplina

330.90511

Soggetti

Global Financial Crisis, 2008-2009

Financial crises - United States

Banks and banking - State supervision - United States

Bank failures - United States

Monetary policy - United States

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references at the end of each chapters and index.

Nota di contenuto

Front Cover; Title Page; Half Title; Copyright; Contents; Introduction - Martin Neil Baily and John B. Taylor; Part I: Causes and Effects of the Financial Crisis; Chapter 1: How Efforts to Avoid Past Mistakes Created New Ones: Some Lessons from the Causes andConsequences of the Recent Financial Crisis - Sheila C. Bair and Ricardo R. Delfin; Chapter 2: Low Equilibrium, Real Rates, Financial Crisis, and Secular Stagnation - Lawrence H. Summers; Chapter 3: Causes of the Financial Crisis and the Slow Recovery: A Ten- Year Perspective - John B. Taylor

Chapter 4: Rethinking Macro: Reassessing Micro-foundations - Kevin M. WarshPart II: The Federal Reserve's Role; Chapter 5: The Federal Reserve Policy, Before,During, and After the Fall - Alan S. Blinder; Chapter 6: The Federal Reserve's Role: Actions Before, During, and After the 2008 Panic in the Historical Context of the Great Contraction - Michael D. Bordo; Chapter 7: Mistakes Made and Lesson (Being)



Learned: Implications for the Fed's Mandate - Peter R. Fisher; Chapter 8: A Slow Recovery with Low Inflation - Allan H. Meltzer

Part III: Is Too Big to Fail Over? Are We Ready for the Next Crisis?Chapter 9: How Is the System Safer? What More Is Needed? - Martin Neil Baily and Douglas J. Elliott; Chapter 10: Toward a Run- free Financial System - John H. Cochrane; Chapter 11: Financial Market Infrastructure: Too Important to Fail - Darrell Duffie; Chapter 12: "Too Big to Fail" from an Economic Perspective - Steve Strongin; Part IV: Bankruptcy, Bailout, Resolution; Chapter 13: Framing the TBTF Problem: The Path to a Solution - Randall D. Guynn; Chapter 14: Designing a Better Bankruptcy Resolution - Kenneth E. Scott

Chapter 15: Single Point of Entry and the Bankruptcy Alternative - David A. Skeel Jr.Chapter 16: We Need Chapter 14-And We Need Title II - Michael S. Helfer; Remarks on Key Issues Facing Financial Institutions - Paul Saltzman; Concluding Remarks - George P. Shultz; Summary of the Commentary - Simon Hilpert; Glossary; Contributors; Index

Sommario/riassunto

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 consi



2.

Record Nr.

UNINA9910484117303321

Titolo

Formal Techniques for Distributed Objects, Components, and Systems [[electronic resource] ] : 34th IFIP WG 6.1 International Conference, FORTE 2014, Held as Part of the 9th International Federated Conference on Distributed Computing Techniques, DisCoTec 2014, Berlin, Germany, June 3-5, 2014, Proceedings / / edited by Erika Ábrahám, Catuscia Palamidessi

Pubbl/distr/stampa

Berlin, Heidelberg : , : Springer Berlin Heidelberg : , : Imprint : Springer, , 2014

ISBN

3-662-43613-2

Edizione

[1st ed. 2014.]

Descrizione fisica

1 online resource (XII, 301 p. 75 illus.)

Collana

Programming and Software Engineering ; ; 8461

Disciplina

005.1015113

Soggetti

Computer logic

Software engineering

Computers

Mathematical logic

Logics and Meanings of Programs

Software Engineering

Computation by Abstract Devices

Mathematical Logic and Formal Languages

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di contenuto

Specification Languages and Type Systems -- Monitoring and Testing -- Security Analysis -- Bisimulation, Abstraction and Reduction.

Sommario/riassunto

This book constitutes the proceedings of the 34th IFIP WG 6.1 International Conference on Formal Techniques for Distributed Objects, Components and Systems, FORTE 2014, held in Berlin, Germany, in June 2014, as part of the 9th International Federated Conference on Distributed Computing Techniques, DisCoTec 2014. The 18 revised full papers presented were carefully reviewed and selected from 50 submissions. The papers present a wide range of topics on specification languages and type systems, monitoring and testing, security analysis and bisimulation, abstraction and reduction.



3.

Record Nr.

UNINA9910438091403321

Autore

Wallace William H

Titolo

The American Monetary System : An Insider's View of Financial Institutions, Markets and Monetary Policy / / by William H. Wallace

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2013

ISBN

3-319-02907-X

Edizione

[1st ed. 2013.]

Descrizione fisica

1 online resource (239 p.)

Disciplina

330

330.12

330.120973

336

Soggetti

Macroeconomics

Economic policy

Economics

Public finance

Macroeconomics/Monetary Economics//Financial Economics

Political Economy/Economic Systems

Public Economics

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Introduction -- Part I -- Historical Perspectives on Money, Financial Institutions and Markets -- What Gives Money Its Value? -- From Gold to Paper -- What is Driving the Financial World Today? -- Part II Banking: Asset & Liability Management; Banking Supervision & Regulation -- How Are Banks Funded? -- How Do Banks Use Their Funds? -- Who Owns the Banks? Bank Capital and the Basel Accord -- How Safe Are Our Banks? -- Part III Financial Markets and the Management of Financial Risk -- What Makes the System Work? -- Who Finances American Industry? – The Relative Roles of Commercial and Investment Banking -- What Went Wrong and What Are We Doing to Fix It? –A Chronology of Financial Crises -- Why Have Financial Risks Skyrocketed, and How Is the Industry Dealing With It? -- Part IV Central Banking and Monetary Policy -- What Are the Purposes and Functions



of the Federal Reserve System? 248 -- How is American Monetary Policy Made, and How Does It Affect the Domestic and Global Economies? -- About the Author -- Bibliography. .

Sommario/riassunto

Today’s financial system is considerably more complex than in years past, as new financial instruments have been introduced that are not well understood even by the people and institutions that invest in them. Numerous high-risk opportunities are available, and the number of people who unwittingly wander into such ventures seems to grow daily. There is also the realization that people’s lives are affected by the financial system without their overt participation in it. Despite no active participation, pensions can be emasculated by a sudden decline in interest rates, or a rise in rates can increase the monthly payments on a mortgage, credit cards or other debt. This book looks at the history of the American banking system, including the passage of the Federal Reserve Act in 1913, the implementation of deposit insurance, along with certain other provisions of the Glass-Steagall Act of 1933, the Bretton-Woods agreements, the forces of technological innovation and the Dodd-Frank Act, passed by Congress in 2010 for regulatory reform. This book will be of interest to undergraduate and graduate level students that want to gain a broad understanding of how the financial system works, why it is important to the economy as a whole, and what its strengths and weaknesses are. Also, readers should gain an understanding of what the Federal Reserve, other regulators and other central banks are doing, and will be in a position to critique their actions and say with some depth of understanding why they agree or disagree with them.