LEADER 04593oam 2200769Ia 450 001 9910778945303321 005 20190503073402.0 010 $a0-262-30076-1 010 $a1-280-49895-1 010 $a9786613594181 010 $a0-262-30152-0 024 8 $a9786613594181 024 8 $aebr10531189 035 $a(CKB)2550000000087282 035 $a(OCoLC)778067463 035 $a(CaPaEBR)ebrary10531189 035 $a(SSID)ssj0000599213 035 $a(PQKBManifestationID)11352352 035 $a(PQKBTitleCode)TC0000599213 035 $a(PQKBWorkID)10596089 035 $a(PQKB)10487974 035 $a(OCoLC)778067463$z(OCoLC)785779646$z(OCoLC)794545734$z(OCoLC)794619349$z(OCoLC)817078631$z(OCoLC)847787724$z(OCoLC)961507698$z(OCoLC)962595960$z(OCoLC)988408822$z(OCoLC)988442662$z(OCoLC)991997326$z(OCoLC)1037903126$z(OCoLC)1038658759$z(OCoLC)1055338553$z(OCoLC)1065825795$z(OCoLC)1081284256 035 $a(OCoLC-P)778067463 035 $a(MaCbMITP)9065 035 $a(Au-PeEL)EBL3339390 035 $a(CaPaEBR)ebr10531189 035 $a(CaONFJC)MIL359418 035 $a(MiAaPQ)EBC3339390 035 $a(EXLCZ)992550000000087282 100 $a20120222d2012 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aGuardians of finance $emaking regulators work for us /$fJames R. Barth, Gerard Caprio, Jr., and Ross Levine 210 $aCambridge, Mass. $cMIT Press$dİ2012 215 $a1 online resource (295 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a0-262-52684-0 311 $a0-262-01739-3 320 $aIncludes bibliographical references and index. 327 $aIntroduction -- Regulating finance is hard to do -- Incentives run amok -- How U.S. regulators encouraged the financial crisis -- American crisis? Ain't necessarily so -- Been down this road many times before -- More of the same: post 2007-2009 financial crisis regulation -- Making the guardians of finance work for us. 330 $a"The recent financial crisis was an accident, a 'perfect storm' fueled by an unforeseeable confluence of events that unfortunately combined to bring down the global financial systems. And policy makers? They did everything they could, given their limited authority. It was all a terrible, unavoidable accident. Or at least this is the story told and retold by a chorus of luminaries that includes Timothy Geithner, Henry Paulson, Robert Rubin, Ben Bernanke, and Alan Greenspan. In Guardians of Finance, economists James Barth, Gerard Caprio, and Ross Levine argue that the financial meltdown of 2007 to 2009 was no accident; it was negligent homicide. They show that senior regulatory officials around the world knew or should have known that their policies were destabilizing the global financial system, had years to process the evidence that risks were rising, had the authority to change their policies--and yet chose not to act until the crisis had fully emerged. The current system, the authors write, is simply not designed to make policy choices on behalf of the public. It is virtually impossible for the public and its elected officials to obtain informed and impartial assessment of financial regulation and to hold regulators accountable. Barth, Caprio, and Levine propose a reform to counter this systemic failure: the establishment of a 'Sentinel' to provide an informed, expert, and independent assessment of financial regulation. Its sole power would be to demand information and to evaluate it from the perspective of the public--rather than that of the financial industry, the regulators, or politicians"--Provided by publisher. 606 $aFinancial crises$zUnited States 606 $aFinancial crises$zUnited States$xPrevention 606 $aFinance$xGovernment policy$zUnited States 606 $aFinancial institutions$zUnited States 606 $aBanks and banking$zUnited States 606 $aGlobal Financial Crisis, 2008-2009 610 $aECONOMICS/Finance 615 0$aFinancial crises 615 0$aFinancial crises$xPrevention. 615 0$aFinance$xGovernment policy 615 0$aFinancial institutions 615 0$aBanks and banking 615 0$aGlobal Financial Crisis, 2008-2009. 676 $a332.0973 700 $aBarth$b James R.$0523107 702 $aCaprio$b Gerard 702 $aLevine$b Ross 801 0$bOCoLC-P 801 1$bOCoLC-P 906 $aBOOK 912 $a9910778945303321 996 $aGuardians of finance$9828022 997 $aUNINA