LEADER 04706nam 2200733 a 450 001 9910140605903321 005 20230721015810.0 010 $a0-470-50108-1 010 $a1-282-55084-5 010 $a9786612550843 010 $a1-118-25816-9 010 $a0-470-50106-5 035 $a(CKB)2670000000014403 035 $a(EBL)510135 035 $a(OCoLC)469712019 035 $a(SSID)ssj0000365282 035 $a(PQKBManifestationID)11285446 035 $a(PQKBTitleCode)TC0000365282 035 $a(PQKBWorkID)10402675 035 $a(PQKB)10754472 035 $a(MiAaPQ)EBC510135 035 $a(DLC) 2017285055 035 $a(Au-PeEL)EBL510135 035 $a(CaPaEBR)ebr10381088 035 $a(CaONFJC)MIL255084 035 $a(EXLCZ)992670000000014403 100 $a20090205d2009 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aRestoring financial stability$b[electronic resource] $ehow to repair a failed system /$fViral Acharya, Matthew Richardson, editors 210 $aHoboken, N.J. $cJohn Wiley & Sons$dc2009 215 $a1 online resource (418 p.) 225 1 $aWiley finance series 300 $aDescription based upon print version of record. 311 $a0-470-49934-6 320 $aIncludes bibliographical references and index. 327 $aRestoring Financial Stability: How to Repair a Failed System; Contents; Foreword; Acknowledgments; Prologue: A Bird's-Eye View; P.1 THE FINANCIAL CRISIS OF 2007-2009; P.2 REQUIEM FOR THE SHADOW BANKING SECTOR; P.3 CAUSES; P.4 EFFICIENT REGULATION: PRINCIPLES AND PROPOSALS; P.5 DESCRIPTION OF PUBLIC INTERVENTIONS TO STABILIZE THE FINANCIAL SYSTEM AND ASSESSMENT OF THEIR EFFICACY; P.6 THE NEED FOR INTERNATIONAL COORDINATION; APPENDIX: TIME LINE OF CRISIS; NOTES; Part One: Causes of the Financial Crisis of 2007-2009; Chapter 1: Mortgage Origination and Securitization in the Financial Crisis 327 $aChapter 2: How Banks Played the Leverage GameChapter 3: The Rating Agencies: Is Regulation the Answer?; Part Two: Financial Institutions; Chapter 4: What to Do about the Government-Sponsored Enterprises?; Chapter 5: Enhanced Regulation of Large, Complex Financial Institutions; Chapter 6: Hedge Funds in the Aftermath of the Financial Crisis; Part Three: Governance, Incentives, and Fair Value Accounting Overview; Chapter 7: Corporate Governance in the Modern Financial Sector; Chapter 8: Rethinking Compensation in Financial Firms 327 $aChapter 9: Fair Value Accounting: Policy Issues Raised by the Credit CrunchPart Four: Derivatives, Short Selling, and Transparency; Chapter 10: Derivatives: The Ultimate Financial Innovation; Chapter 11: Centralized Clearing for Credit Derivatives; Chapter 12: Short Selling; Part Five: The Role of the Federal Reserve; Chapter 13: Regulating Systemic Risk; Chapter 14: Private Lessons for Public Banking: The Case for Conditionality in LOLR Facilities; Part Six: The Bailout; Chapter 15: The Financial Sector Bailout: Sowing the Seeds of the Next Crisis?; Chapter 16: Mortgages and Households 327 $aChapter 17: Where Should the Bailout Stop?Part Seven: International Coordination; Chapter 18: International Alignment of Financial Sector Regulation; About the Authors; Index 330 $aAn insightful look at how to reform our broken financial system The financial crisis that unfolded in September 2008 transformed the United States and world economies. As each day's headlines brought stories of bank failures and rescues, government policies drawn and redrawn against the backdrop of an historic Presidential election, and solutions that seemed to be discarded almost as soon as they were proposed, a group of thirty-three academics at New York University Stern School of Business began tackling the hard questions behind the headlines. Representing fields of finance, economics 410 0$aWiley finance series. 606 $aFinance$zUnited States 606 $aFinancial crises$xGovernment policy$zUnited States 606 $aBanks and banking$zUnited States 606 $aFinancial services industry$zUnited States 607 $aUnited States$xEconomic conditions$y2001-2009 615 0$aFinance 615 0$aFinancial crises$xGovernment policy 615 0$aBanks and banking 615 0$aFinancial services industry 676 $a339.50973 701 $aAcharya$b Viral V$0870097 701 $aRichardson$b Matthew$f1964-$0884637 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910140605903321 996 $aRestoring financial stability$91975516 997 $aUNINA LEADER 08001nam 2200781 a 450 001 9910783798603321 005 20230912140853.0 010 $a1-283-52990-4 010 $a9786613842350 010 $a0-7735-6881-6 024 7 $a10.1515/9780773568815 035 $a(CKB)1000000000244900 035 $a(EBL)3243506 035 $a(SSID)ssj0000279635 035 $a(PQKBManifestationID)11217716 035 $a(PQKBTitleCode)TC0000279635 035 $a(PQKBWorkID)10260572 035 $a(PQKB)11585968 035 $a(OCoLC)228141946 035 $a(Au-PeEL)EBL3330539 035 $a(CaPaEBR)ebr10132720 035 $a(CaONFJC)MIL384235 035 $a(OCoLC)929120645 035 $a(VaAlCD)20.500.12592/4v8hsq 035 $a(schport)gibson_crkn/2009-12-01/1/400126 035 $a(MiAaPQ)EBC3330539 035 $a(DE-B1597)657380 035 $a(DE-B1597)9780773568815 035 $a(MiAaPQ)EBC3243506 035 $a(EXLCZ)991000000000244900 100 $a20140714d2000 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aFree trade$b[electronic resource] $erisks and rewards /$fedited by L. Ian MacDonald 210 $aMontreal ;$aIthaca $cPublished for the McGill Institute for the Study of Canada by McGill-Queen's University Press$dc2000 215 $a1 online resource (309 p.) 300 $aProceedings of the Free Trade @ 10 Conference held in Montreal in June 1999. 311 $a0-7735-2115-1 311 $a0-7735-2114-3 320 $aIncludes bibliographical references (p. 273-274). 327 $aMachine generated contents note: PART ONE THlE CONTEXT -- The Road to Free Trade / 3 -- MICHAEL HART -- Interviews with Brian Mulroney andJohn Turner / 35 -- WILLIAM WATSON -- Leap of Faith / 48 -- DONALD S. MACDONALD -- A Signal Moment / 55 -- JAMES A. BAKER III -- Where There's the Will/ 61 -- DEREK H. BURNEY -- PART TWO THE MAKING OF THE DEAL -- The Negotiation and Approval of the FTA / 73 -- L. IAN MACDONALD, CLAYTON YEUTTER, -- SIMON REISMAN, PETER MCPHERSON, JOHN C. CROSBIE, WILLIAM MERKIN, CHARLES E. ROH, JEAN ANDERSON, WILLIAM DYMOND, STANLEY H. HARTT -- PART THREE, THE RECORD -- The Canada - U.S. FTA: Real Results versus Unreal Expectations / 99 -- RICHARD G. LIPSEY -- From Leaps of Faith to Lapses of Logic / 107 -- ANDREW N. JACKSON -- Free Trade in North America: Some Observations / 118 -- PAUL WONNACOTT -- NAFTA and the Manufacturing Industry in Mexico: -- A Preliminary Balance / 122 -- FERNANDO CLAVIJO -- PART FOUR SECTORAL PERSPECTIVES: -- RESULTS AND OPPORTUNITIES -- Sectoral Results and Opportunities: An Introduction / 135 -- FRANCIS FOX -- A Matter of National Interest / 137 -- LAURENT BEAUDOIN -- A New Mindset / 139 -- L. JACQUES ME?NARD -- A Sea Change / 142 -- CHARLES SIROIS -- A New Frontier of Trade Policy / 144 -- LYNTON R. WILSON -- The Case of the Softwood Lumbet Industry / 147 -- BOB RAE -- A Reality Check / 151 -- JIM STANFORD -- PART FIVE FREE TRADE AND SOCIAL POLICY -- Globalization and the Social Dimension / 159 -- GERALD LAROSE -- Economic Arguments versus Ideological Ones /-166 -- GUY STANLEY -- PART SIX FREE TRADE AND DISPUTE -- SETTLEMENT -- FTA and NAFTA Dispute Settlement in Canadian Trade -- Policy / 171 -- JONATHAN T. FRIED -- Dispute Settlement: A Practitioner's Perspective / 175 -- SIMON V. POTTER -- Mexico and Dispute Settlement / 182 -- M.H. YVONNE STINSON -- PART SEVEN THE NAFTA: FROM CANADA TO MEXICO -- From Canada to Mexico: "A Common Future" / 191 -- GEORGE BUSH -- The Most Comprehensive Agreement Ever / 197 -- CARLA A. HILLS -- NAFTA and the Mexican Economy / 200 -- JAIME SERRA PUCHE -- Free Trade: Then and Now / 207 -- MICHAEL H. WILSON -- PART EIGHT NAFTA AND THE ENVIRONMENT -- Five Windows for the Future of NAFTA 'S Environment -- Commission / 213 -- PIERRE MARC JOHNSON -- NAFTA and the Environment: Five Years After / 222 -- VICTOR LICHTINGER -- NAFTA and the Environment: A Review of the Basic -- Issues / 226 -- DAVID K. SCIIORR -- Challenges for the Environment and NAFTA / 237 -- JEAN CHAREST -- PART NINE WHERE DO WE GO FROM HERE? -- New Policies for a New Century / 243 -- THOMAS D'AQUINO -- The Future Work of the FTA, NAFTA and the WTO / 247 -- PETER S. WATSON -- The New Economic Environment / 253 -- BRIAN MULRONEY -- APPENDICES -- Appendix A Two Cheers for the FTA: Ten-Year Review of -- the Canada-U.S. Free Trade Agreement / 259 -- JOHN McCALLUM -- Appendix B Ten-Year Figures for Canada-U.S.A. and -- Canada-Mexico Trade / 275 -- DEPARTMENT OF FOREIGN AFFAIRS AND INTERNATIONAL -- TRADE/STATISTICS CANADA. 330 $aFree Trade provides a historical framework for ongoing discussion of economic and environmental issues. While there is empirical evidence on trade flows - they increased dramatically in both directions - the debate on related issues continues. The impact of free trade on jobs and manufacturing productivity, the effectiveness of dispute settlement, the growth of foreign direct investment, the absence of adjustment programs, and the consequences for social programs are all issues for spirited discussion. Many of the leading actors in shaping both the FTA and NAFTA participated in the conference, including former Prime Minister Brian Mulroney, former President George Bush, former U.S. Treasury Secretary and Secretary of State James Baker, former Canadian Trade Ministers John Crosbie and Michael Wilson, former U.S. Trade Ambassadors Clayton Yeutter and Carla Hills, as well as former Mexican Trade Minister Jaime Serra Puche. Other senior officials included Canada's Derek Burney and Simon Reisman. Donald S. Macdonald, chairman of the landmark Royal Commission that recommended the "leap of faith" of free trade, gave the keynote address. A Royal Bank of Canada impact study, "Two Cheers for the FTA," provided a baseline for discussion by a panel of eminent economists from all three NAFTA countries, and strong defences of positions against free trade included presentations by Andrew Jackson of the Canadian Labour Congress (CLC), Jim Stanford of the Canadian Auto Workers (CAW), and Gerald Larose of Quebec's Conseil des syndicats nationaux (CSN). Participants from the provinces included former Ontario Premier Bob Rae, while NAFTA and the environment were considered by a panel led by former Quebec Premier Pierre Marc Johnson and joined by Quebec Liberal Leader Jean Charest. Other participants included Jean Anderson, Laurent Beaudoin, Fernando Clavijo, Thomas d'Aquino, William Dymond, Francis Fox, Jonathan Fried, Michael Hart, Stanley Hartt, Richard Lipsey, Victor Lichtinger, John McCallum, Peter McPherson, Jacques Ménard, William Merkin, Simon Potter, Charles E. Roh, David Schorr, Charles Sirois, Guy Stanley, Yvonne Stinson, Peter Watson, William Watson, L.R. Wilson, and Paul Wonnacott. Free Trade: Risks and Rewards is an important reminder of why the issue was so passionately debated at the time and why it remains important. 606 $aFree trade$zCanada$vCongresses 606 $aFree trade$zUnited States$vCongresses 606 $aLibre-e?change$zAme?rique du Nord$vCongre?s 606 $aLibre-e?change$zCanada$vCongre?s 607 $aCanada$xForeign economic relations$zUnited States$vCongresses 607 $aUnited States$xForeign economic relations$zCanada$vCongresses 607 $aAme?rique du Nord$xInte?gration e?conomique$vCongre?s 615 0$aFree trade 615 0$aFree trade 615 6$aLibre-e?change 615 6$aLibre-e?change 676 $a382/.917 700 $aMacDonald$b Ian, $4aut$4http://id.loc.gov/vocabulary/relators/aut$0537206 701 $aMacDonald$b L. 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