LEADER 04971nam 2200757 450 001 9910813551603321 005 20230803200031.0 010 $a0-8179-1786-1 010 $a0-8179-1784-5 010 $a0-8179-1788-8 035 $a(CKB)2670000000576692 035 $a(EBL)1848431 035 $a(SSID)ssj0001406882 035 $a(PQKBManifestationID)11967245 035 $a(PQKBTitleCode)TC0001406882 035 $a(PQKBWorkID)11402723 035 $a(PQKB)10909241 035 $a(MiAaPQ)EBC1848431 035 $a(Au-PeEL)EBL1848431 035 $a(CaPaEBR)ebr10989953 035 $a(CaONFJC)MIL662989 035 $a(OCoLC)896800103 035 $a(EXLCZ)992670000000576692 100 $a20141212h20142014 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aAcross the great divide $enew perspectives on the financial crisis /$fedited by Martin Neil Baily and John B. Taylor 210 1$aStanford, California :$cHoover Institution Press,$d2014. 210 4$dİ2014 215 $a1 online resource (417 p.) 225 0 $aHoover Institution Press Publication Across the great divide 300 $aDescription based upon print version of record. 311 $a1-322-31707-0 311 $a0-8179-1787-X 320 $aIncludes bibliographical references at the end of each chapters and index. 327 $aFront Cover; Title Page; Half Title; Copyright; Contents; Introduction - Martin Neil Baily and John B. Taylor; Part I: Causes and Effects of the Financial Crisis; Chapter 1: How Efforts to Avoid Past Mistakes Created New Ones: Some Lessons from the Causes andConsequences of the Recent Financial Crisis - Sheila C. Bair and Ricardo R. Delfin; Chapter 2: Low Equilibrium, Real Rates, Financial Crisis, and Secular Stagnation - Lawrence H. Summers; Chapter 3: Causes of the Financial Crisis and the Slow Recovery: A Ten- Year Perspective - John B. Taylor 327 $aChapter 4: Rethinking Macro: Reassessing Micro-foundations - Kevin M. WarshPart II: The Federal Reserve's Role; Chapter 5: The Federal Reserve Policy, Before,During, and After the Fall - Alan S. Blinder; Chapter 6: The Federal Reserve's Role: Actions Before, During, and After the 2008 Panic in the Historical Context of the Great Contraction - Michael D. Bordo; Chapter 7: Mistakes Made and Lesson (Being) Learned: Implications for the Fed's Mandate - Peter R. Fisher; Chapter 8: A Slow Recovery with Low Inflation - Allan H. Meltzer 327 $aPart III: Is Too Big to Fail Over? Are We Ready for the Next Crisis?Chapter 9: How Is the System Safer? What More Is Needed? - Martin Neil Baily and Douglas J. Elliott; Chapter 10: Toward a Run- free Financial System - John H. Cochrane; Chapter 11: Financial Market Infrastructure: Too Important to Fail - Darrell Duffie; Chapter 12: "Too Big to Fail" from an Economic Perspective - Steve Strongin; Part IV: Bankruptcy, Bailout, Resolution; Chapter 13: Framing the TBTF Problem: The Path to a Solution - Randall D. Guynn; Chapter 14: Designing a Better Bankruptcy Resolution - Kenneth E. Scott 327 $aChapter 15: Single Point of Entry and the Bankruptcy Alternative - David A. Skeel Jr.Chapter 16: We Need Chapter 14-And We Need Title II - Michael S. Helfer; Remarks on Key Issues Facing Financial Institutions - Paul Saltzman; Concluding Remarks - George P. Shultz; Summary of the Commentary - Simon Hilpert; Glossary; Contributors; Index 330 $aThe financial crisis of 2008 devastated the American economy and caused U.S. policymakers to rethink their approaches to major financial crises. More than five years have passed since the collapse of Lehman Brothers, but questions still persist about the best ways to avoid and respond to future financial crises. In Across the Great Divide, a copublication with Brookings Institution, contributing economic and legal scholars from academia, industry, and government analyze the financial crisis of 2008, from its causes and effects on the U.S. economy to the way ahead. The expert contributors consi 606 $aGlobal Financial Crisis, 2008-2009 606 $aFinancial crises$zUnited States 606 $aBanks and banking$xState supervision$zUnited States 606 $aBank failures$zUnited States 606 $aMonetary policy$zUnited States 607 $aUnited States$2fast 615 0$aGlobal Financial Crisis, 2008-2009. 615 0$aFinancial crises 615 0$aBanks and banking$xState supervision 615 0$aBank failures 615 0$aMonetary policy 676 $a330.90511 702 $aBaily$b Martin Neil 702 $aTaylor$b John B. 712 02$aHoover Institution on War, Revolution, and Peace, 712 02$aBrookings Institution, 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910813551603321 996 $aAcross the great divide$93958132 997 $aUNINA