04156nam 2200733Ia 450 991045336510332120200520144314.00-8179-1123-50-8179-1128-6(CKB)2550000001163236(EBL)1370669(SSID)ssj0000755595(PQKBManifestationID)11496256(PQKBTitleCode)TC0000755595(PQKBWorkID)10730217(PQKB)11305537(MiAaPQ)EBC3301834(MiAaPQ)EBC1370669(Au-PeEL)EBL3301834(CaPaEBR)ebr10622887(CaONFJC)MIL545374(OCoLC)742583721(Au-PeEL)EBL1370669(OCoLC)863673215(EXLCZ)99255000000116323620100212d2009 uy 0engur|n|---|||||txtccrEnding government bailouts as we know them[electronic resource] /edited by Kenneth E. Scott, George P. Shultz, John B. Taylor ; authors, Nicholas F. Brady ... [et al.]Stanford, Calif. Hoover Institution Pressc20091 online resource (353 p.)Hoover Institution Press publication ;588Description based upon print version of record.0-8179-1124-3 1-306-14123-0 Includes bibliographical references and index.Front Cover; Book Title; Copyright; Contents; Preface; Acknowledgments; Part I -The Danger of Bailouts and Key Principles of Reform; 1. Make Failure Tolerable -George P. Shultz; 2. Financial Reforms to End GovernmentBailouts as We Know Them -Paul Volcker; 3. Fifty Years in the Business: From Wall Streetto the Treasury and Beyond -Nicholas F. Brady; Part II - Systemic Risk in Theory and in Practice; 4. Defining Systemic Risk Operationally -John B. Taylor; 5. Lessons Learned from the Lehman Bankruptcy -Kimberly Anne Summe; Part III - What Financial Firms Can Do6. A Contractual Approach to RestructuringFinancial Institutions -Darrell Duffie7. Wind-down Plans as an Alternativeto Bailouts: The Cross-Border Challenges -Richard J. Herring; 8. Wind-down Plans, Incomplete Contracting,and Renegotiation Risk:Lessons From Tiger Woods -Joseph A. Grundfest; Part IV - Bankruptcy versus Resolution Authority; 9. Expanding FDIC-Style Resolution Authority -William F. Kroener III; 10. The Kansas City Plan - Thomas M. Hoenig, Charles S. Morris, and Kenneth Spong11. Chapter 11F: A Proposal for the Use ofBankruptcy to Resolve Financial Institutions -Thomas H. Jackson12. Evaluating Failure Resolution Plans -Kenneth E. Scott; A Summary of the Commentary -Johannes Stroebel; A Conversation about Key Conclusions -George P. Shultz and John B. Taylor; Appendix - The Financial Crisis:Causes and Lessons -Kenneth E. Scott; About the Authors; IndexThis book examines the dangers of continuing government bailouts and offers alternative strategies designed to produce growth based on the vigor of the private sector with inflation under control. The expert authors show that it is indeed possible to explain the causes of the crisis in understandable terms and clarify why resolving the bailout problem is essential to preventing future crises.Financial crisesUnited StatesBank failuresUnited StatesIntervention (Federal government)United StatesBailouts (Government policy)Electronic books.Financial crisesBank failuresIntervention (Federal government)Bailouts (Government policy)338.4/8Scott Kenneth E1026966Shultz George Pratt1920-108500Taylor John B46755Brady Nicholas F1028619MiAaPQMiAaPQMiAaPQBOOK9910453365103321Ending government bailouts as we know them2444682UNINA