LEADER 04125nam 2200721Ia 450 001 9910790861603321 005 20230721011154.0 010 $a0-8179-1123-5 010 $a0-8179-1128-6 035 $a(CKB)2550000001163236 035 $a(EBL)1370669 035 $a(SSID)ssj0000755595 035 $a(PQKBManifestationID)11496256 035 $a(PQKBTitleCode)TC0000755595 035 $a(PQKBWorkID)10730217 035 $a(PQKB)11305537 035 $a(MiAaPQ)EBC3301834 035 $a(MiAaPQ)EBC1370669 035 $a(Au-PeEL)EBL3301834 035 $a(CaPaEBR)ebr10622887 035 $a(CaONFJC)MIL545374 035 $a(OCoLC)742583721 035 $a(Au-PeEL)EBL1370669 035 $a(OCoLC)863673215 035 $a(EXLCZ)992550000001163236 100 $a20100212d2009 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aEnding government bailouts as we know them$b[electronic resource] /$fedited by Kenneth E. Scott, George P. Shultz, John B. Taylor ; authors, Nicholas F. Brady ... [et al.] 210 $aStanford, Calif. $cHoover Institution Press$dc2009 215 $a1 online resource (353 p.) 225 0$aHoover Institution Press publication ;$v588 300 $aDescription based upon print version of record. 311 $a0-8179-1124-3 311 $a1-306-14123-0 320 $aIncludes bibliographical references and index. 327 $aFront 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 Do 327 $a6. 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 Spong 327 $a11. 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; Index 330 $aThis 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. 606 $aFinancial crises$zUnited States 606 $aBank failures$zUnited States 606 $aIntervention (Federal government)$zUnited States 606 $aBailouts (Government policy) 615 0$aFinancial crises 615 0$aBank failures 615 0$aIntervention (Federal government) 615 0$aBailouts (Government policy) 676 $a338.4/8 701 $aScott$b Kenneth E$01464674 701 $aShultz$b George P.$f1920-2021.$01187200 701 $aTaylor$b John B$046755 701 $aBrady$b Nicholas F$01547441 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910790861603321 996 $aEnding government bailouts as we know them$93803830 997 $aUNINA