LEADER 02819nam 22004335 450 001 9910824314503321 005 20230112230757.0 010 $a0-300-23183-0 024 7 $a10.12987/9780300231830 035 $a(CKB)4340000000203302 035 $a(MiAaPQ)EBC5047036 035 $a(DE-B1597)540197 035 $a(DE-B1597)9780300231830 035 $a(OCoLC)1004377950 035 $a(EXLCZ)994340000000203302 100 $a20200229h20172017 fg 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aUnfinished business $ethe unexplored causes of the financial crisis and the lessons yet to be learned /$fTamim Bayoumi 210 1$aNew Haven, CT :$cYale University Press,$d[2017] 210 4$dİ2017 215 $a1 online resource (297 pages) $cillustrations, graphs, tables 311 0 $a0-300-22563-6 320 $aIncludes bibliographical references and index. 327 $tFront matter --$tCONTENTS --$tFIGURES --$tACKNOWLEDGMENTS --$tINTRODUCTION. The Needle (and the Damage Done) --$tPART I: ANATOMY OF THE NORTH ATLANTIC FINANCIAL CRISIS --$tPART II: MISDIAGNOSING THE NORTH ATLANTIC ECONOMY --$tPART III: COMPLETING THE CURE --$tFINAL THOUGHTS --$tAFTERWORD TO THE PAPERBACK EDITION --$tNOTES --$tREFERENCES --$tINDEX 330 $aA penetrating critique tracing how under-regulated trading between European and U.S. banks led to the 2008 financial crisis-with a prescription for preventing another meltdown There have been numerous books examining the 2008 financial crisis from either a U.S. or European perspective. Tamim Bayoumi is the first to explain how the Euro crisis and U.S. housing crash were, in fact, parasitically intertwined. Starting in the 1980's, Bayoumi outlines the cumulative policy errors that undermined the stability of both the European and U.S. financial sectors, highlighting the catalytic role played by European mega banks that exploited lax regulation to expand into the U.S. market and financed unsustainable bubbles on both continents. U.S. banks increasingly sold sub-par loans to under-regulated European and U.S. shadow banks and, when the bubbles burst, the losses whipsawed back to the core of the European banking system. A much-needed, fresh look at the origins of the crisis, Bayoumi's analysis concludes that policy makers are ignorant of what still needs to be done both to complete the cleanup and to prevent future crises. 606 $aFinancial crises 615 0$aFinancial crises. 676 $a338.542 700 $aBayoumi$b Tamim$4aut$4http://id.loc.gov/vocabulary/relators/aut$0122763 801 0$bDE-B1597 801 1$bDE-B1597 906 $aBOOK 912 $a9910824314503321 996 $aUnfinished business$93966174 997 $aUNINA