LEADER 04476nam 22006255 450 001 9910298167603321 005 20251116153523.0 010 $a3-319-01757-8 024 7 $a10.1007/978-3-319-01757-0 035 $a(CKB)2550000001152716 035 $a(EBL)1538561 035 $a(SSID)ssj0001049119 035 $a(PQKBManifestationID)11673221 035 $a(PQKBTitleCode)TC0001049119 035 $a(PQKBWorkID)11018004 035 $a(PQKB)11696969 035 $a(MiAaPQ)EBC1538561 035 $a(DE-He213)978-3-319-01757-0 035 $a(PPN)17610478X 035 $a(EXLCZ)992550000001152716 100 $a20131017d2014 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aWhy bank panics matter $ecross-disciplinary economic theory /$fby Frederick Betz 205 $a1st ed. 2014. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2014. 215 $a1 online resource (171 p.) 225 1 $aSpringerBriefs in Economics,$x2191-5504 300 $aDescription based upon print version of record. 311 08$a3-319-01756-X 320 $aIncludes bibliographical references and index. 327 $aPreface -- Chapter 1 Reality and Theory -- Chapter 2 Empirically-Grounded Theory -- Chapter 3 Bankground: Banking and Causality -- Chapter 4 Dynamics of Bank Panics -- Chapter 5 Control in an Economic System -- Chapter 6 Great Depression -- Chapter 7 Topological Economic Theory -- Chapter 8 Shadow Banking and Financial Layering -- Chapter 9 Private Good and Public Good -- Chapter 10 Casino Banking -- Chapter 11 Why Banks Panic. 330 $aBank panics have always mattered because they create serious disruptions in economic and financial activity, depressing national economies.  But they matter even more now, as information and communications technologies have stitched together a global financial system that is more vulnerable to crisis on a large scale. For example, the global bank panic of 2007-08 froze up the national economies of the U.S., England, France, Iceland, Ireland, and Germany -- all at the same time.  And each of their governments had to act to bail out their own banks, without a consistent international regulatory framework. In this volume, Fred Betz takes a unique, cross-disciplinary approach to understanding bank panics, with an emphasis on the U.S. Bank Panics of 1857, 1907, 1930-33, 2007-08 and the European Bank Panics of 2010-2013.  Despite over a hundred years of modern economic theory and many excellent historical studies about bank panics, they are still poorly understood and certainly not yet preventable.  Partly this has been a function of the limitations of modern economic theory, which cannot interpret bank panics as complex societal phenomena.   All societal phenomena are, in reality, multi-disciplinary in scope and cross-disciplinary in connections.  Bank panics can best be understood through the collective lenses of sociology, political science, psychology, management science, management of technology, among other disciplines.  Through this dynamic approach, the author identifies five key underlying triggers of bank panics: (1) funding excessive leverage in speculation, (2) lack of proper banking regulation, (3) bad banking practices, (4) lack of banking integrity, (5) corrupt banking practices.  In so doing, he suggests new strategies for avoiding and recovering from bank panics and other financial crises. 410 0$aSpringerBriefs in Economics,$x2191-5504 606 $aFinance 606 $aFinance, Public 606 $aEconomics 606 $aFinance, general$3https://scigraph.springernature.com/ontologies/product-market-codes/600000 606 $aPublic Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W34000 606 $aEconomic Theory/Quantitative Economics/Mathematical Methods$3https://scigraph.springernature.com/ontologies/product-market-codes/W29000 615 0$aFinance. 615 0$aFinance, Public. 615 0$aEconomics. 615 14$aFinance, general. 615 24$aPublic Economics. 615 24$aEconomic Theory/Quantitative Economics/Mathematical Methods. 676 $a330.01 700 $aBetz$b Frederick$4aut$4http://id.loc.gov/vocabulary/relators/aut$0166896 906 $aBOOK 912 $a9910298167603321 996 $aWhy Bank Panics Matter$92514986 997 $aUNINA