Restoring Financial Stability: How to Repair a Failed System[金融稳定性恢复：如何修补失效系统]

作者: Viral Acharya 著

出版社: Wiley

出版时间: 2009-03

版次: 1

ISBN: 9780470499344

定价: 504.50

装帧: 精装

开本: 其他

纸张: 其他

页数: 416页

正文语种: 英语

丛书: Wiley Finance

分类: 外文古旧书>英文书>经济

AninsightfullookathowtoreformourbrokenfinancialsystemThefinancialcrisisthatunfoldedinSeptember2008transformedtheUnitedStatesandworldeconomies.Aseachday′sheadlinesbroughtstoriesofbankfailuresandrescues,governmentpoliciesdrawnandredrawnagainstthebackdropofanhistoricPresidentialelection,andsolutionsthatseemedtobediscardedalmostassoonastheywereproposed,agroupofthirty–threeacademicsatNewYorkUniversitySternSchoolofBusinessbegantacklingthehardquestionsbehindtheheadlines.Representingfieldsoffinance,economics,andaccounting,theseprofessors–ledbyDeanThomasCooleyandViceDeanIngoWalter–shapedeighteenindependentpolicypapersthatproposedmarket–focusedsolutionstotheproblemswithinacommonframework.InDecember,withgreaturgency,theysenthand–boundcopiestoWashington.RestoringFinancialStabilityistheculminationoftheirwork.Proposesbold,yetprincipledapproaches–includingfinancialpolicyalternativesandspecificcoursesofaction–todealwiththisunprecedented,systemicfinancialcrisisCreatedbythecontributionsofvariousacademicsfromNewYorkUniversity′sSternSchoolofBusinessProvidesimportantperspectivesonboththecausesoftheglobalfinancialcrisisaswellasproposedsolutionstoensureitdoesn′thappenagainContainsdetailedevaluationsandanalysescoveringmanyspectrumsofthemarketplaceEditedbyMatthewRichardsonandViralAcharya,thisreliableresourcebringstogetherthebestthinkingoffinanceandeconomicsfromthefacultyofoneofthetopuniversitiesinworld. ViralV.AcharyaisProfessorofFinanceatNewYorkUniversitySternSchoolofBusinessandLondonBusinessSchool.HeisAcademicAdvisortotheFederalReserveBanksofNewYorkandPhiladelphiaandAcademicDirectoroftheCollerInstituteofPrivateEquity.ProfessorAcharyaearnedaBachelorofTechnologyincomputerscienceandengineeringfromtheIndianInstituteofTechnology,Mumbai,andaPhDinfinancefromNYUStern.HelivesinNewYorkCitywithhiswifeandson.MatthewRichardsonistheCharlesE.SimonProfessorofFinancialEconomicsandtheSidneyHomerDirectoroftheSalomonCenterfortheStudyofFinancialInstitutionsatNewYorkUniversitySternSchoolofBusiness.ProfessorRichardsonreceivedhisPhDinfinancefromStanfordUniversityandhisMAandBAineconomicsconcurrentlyfromtheUniversityofCaliforniaatLosAngeles.HelivesinNewYorkCitywithhiswifeandthreechildren. Foreword.Acknowledgments.Prologue:ABird'sEyeView.TheFinancialCrisisof2007-2009:CausesandRemediesBy(ViralAcharya,ThomasPhilippon,MatthewRichardson,andNourielRoubini).SectionI:CausesoftheFinancialCrisisof2007-2009By(MatthewRichardson).Chapter1:MortgageOriginationandSecuritizationintheFinancialCrisisBy(DwightJaffee,AnthonyLynch,MatthewRichardsonandStijnVanNieuwerburgh).Chapter2:HowBanksPlayedtheLeverageGameBy(ViralAcharyaandPhilippSchnabl).Chapter3:TheRatingAgenciesIsRegulationtheAnswerBy(MatthewRichardsonandLawrenceWhite)?SectionII:FinancialInstitutionsBy(MatthewRichardson).Chapter4:WhattoDoAbouttheGovernmentSponsoredEnterprisesBy(DwightJaffee,MatthewRichardson,StijnVanNieuwerburgh,LawrenceWhiteandRobertWright)?Chapter5:EnhancedRegulationofLargeComplexFinancialInstitutionsBy(AnthonySaunders,RoySmithBailoutSowingtheSeedsoftheNextCrisisBy(ViralAcharyaandRangarajanSundaram)?Chapter16:MortgagesandHouseholdsBy(AndrewCaplinandThomasCooley).Chapter17:WhereShouldtheBailoutStopBy(EdwardI.AltmanandThomasPhilippon)?SectionVII:InternationalCoordination..Chapter18:InternationalAlignmentofFinancialSectorRegulationBy(ViralAcharya,PaulWachtelandIngoWalter).NYUSternAuthorBiographies.Index.
内容简介:
AninsightfullookathowtoreformourbrokenfinancialsystemThefinancialcrisisthatunfoldedinSeptember2008transformedtheUnitedStatesandworldeconomies.Aseachday′sheadlinesbroughtstoriesofbankfailuresandrescues,governmentpoliciesdrawnandredrawnagainstthebackdropofanhistoricPresidentialelection,andsolutionsthatseemedtobediscardedalmostassoonastheywereproposed,agroupofthirty–threeacademicsatNewYorkUniversitySternSchoolofBusinessbegantacklingthehardquestionsbehindtheheadlines.Representingfieldsoffinance,economics,andaccounting,theseprofessors–ledbyDeanThomasCooleyandViceDeanIngoWalter–shapedeighteenindependentpolicypapersthatproposedmarket–focusedsolutionstotheproblemswithinacommonframework.InDecember,withgreaturgency,theysenthand–boundcopiestoWashington.RestoringFinancialStabilityistheculminationoftheirwork.Proposesbold,yetprincipledapproaches–includingfinancialpolicyalternativesandspecificcoursesofaction–todealwiththisunprecedented,systemicfinancialcrisisCreatedbythecontributionsofvariousacademicsfromNewYorkUniversity′sSternSchoolofBusinessProvidesimportantperspectivesonboththecausesoftheglobalfinancialcrisisaswellasproposedsolutionstoensureitdoesn′thappenagainContainsdetailedevaluationsandanalysescoveringmanyspectrumsofthemarketplaceEditedbyMatthewRichardsonandViralAcharya,thisreliableresourcebringstogetherthebestthinkingoffinanceandeconomicsfromthefacultyofoneofthetopuniversitiesinworld.
作者简介:
ViralV.AcharyaisProfessorofFinanceatNewYorkUniversitySternSchoolofBusinessandLondonBusinessSchool.HeisAcademicAdvisortotheFederalReserveBanksofNewYorkandPhiladelphiaandAcademicDirectoroftheCollerInstituteofPrivateEquity.ProfessorAcharyaearnedaBachelorofTechnologyincomputerscienceandengineeringfromtheIndianInstituteofTechnology,Mumbai,andaPhDinfinancefromNYUStern.HelivesinNewYorkCitywithhiswifeandson.MatthewRichardsonistheCharlesE.SimonProfessorofFinancialEconomicsandtheSidneyHomerDirectoroftheSalomonCenterfortheStudyofFinancialInstitutionsatNewYorkUniversitySternSchoolofBusiness.ProfessorRichardsonreceivedhisPhDinfinancefromStanfordUniversityandhisMAandBAineconomicsconcurrentlyfromtheUniversityofCaliforniaatLosAngeles.HelivesinNewYorkCitywithhiswifeandthreechildren.
目录:
Foreword.Acknowledgments.Prologue:ABird'sEyeView.TheFinancialCrisisof2007-2009:CausesandRemediesBy(ViralAcharya,ThomasPhilippon,MatthewRichardson,andNourielRoubini).SectionI:CausesoftheFinancialCrisisof2007-2009By(MatthewRichardson).Chapter1:MortgageOriginationandSecuritizationintheFinancialCrisisBy(DwightJaffee,AnthonyLynch,MatthewRichardsonandStijnVanNieuwerburgh).Chapter2:HowBanksPlayedtheLeverageGameBy(ViralAcharyaandPhilippSchnabl).Chapter3:TheRatingAgenciesIsRegulationtheAnswerBy(MatthewRichardsonandLawrenceWhite)?SectionII:FinancialInstitutionsBy(MatthewRichardson).Chapter4:WhattoDoAbouttheGovernmentSponsoredEnterprisesBy(DwightJaffee,MatthewRichardson,StijnVanNieuwerburgh,LawrenceWhiteandRobertWright)?Chapter5:EnhancedRegulationofLargeComplexFinancialInstitutionsBy(AnthonySaunders,RoySmithBailoutSowingtheSeedsoftheNextCrisisBy(ViralAcharyaandRangarajanSundaram)?Chapter16:MortgagesandHouseholdsBy(AndrewCaplinandThomasCooley).Chapter17:WhereShouldtheBailoutStopBy(EdwardI.AltmanandThomasPhilippon)?SectionVII:InternationalCoordination..Chapter18:InternationalAlignmentofFinancialSectorRegulationBy(ViralAcharya,PaulWachtelandIngoWalter).NYUSternAuthorBiographies.Index.

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