Economic and financial crises and disasters Books
Oxford University Press, USA Business Groups in East Asia Financial Crisis Restructuring and New Growth
Book SynopsisThe 1997 Asian Crisis principally affected Thailand, Indonesia, Malaysia, and Korea, as well as other East Asian countries heavily dependent on intra-regional trade. Banks and other financial institutions quickly become insolvent, and heavily indebted industrial firms went bankrupt. Many of these firms were affiliated with the business groups of this region, yet most groups did not immediately collapse, indeed they proved remarkably robust, some surviving and even prospering.This book examines these East Asian business groups and their subsequent restructuring following the Asian Crisis. East Asian nations embarked on very different trajectories to this common external shock. The Asian Crisis affected the inter-relationships among the socio-cultural environment, the state, and the market of each country quite differently and had distinct effects on the operations of these countries'' business groups. This slow yet divergent pattern of development provides evidence against theories of rapid global convergence.Yet East Asian business groups face an uncertain future. Foreign investors'' influence has increased substantially since the crisis, as East Asian governments had to accommodate their demands to keep attracting foreign capital. Governments supervise banks more closely and have loosened restrictions on mergers and hostile takeovers, further strengthening the discipline of the market. Various entry barriers that had inhibited foreign multinationals from competing in national markets were lifted, exposing business groups to intensified foreign competition. Under these new conditions, business groups in East Asia should reconfigure their business structures and adjust their corporate governance systems to regain momentum for further growth. Business groups will continue to be important vehicles for the sustained future growth of this region, and this book presents a substantial amount of new data on this, which will be of interest to academics, researchers, and advanced students of East Asian business, and business practitioners working within the region.Table of Contents1. Introduction: Business Groups in East Asia ; PART I: JAPAN AND FORMER NICS (NEWLY INDUSTRIALIZED COUNTRIES) ; 2. Japanese Business Groups: Continuity in the Face of Change ; 3. Korean Business Groups: The Financial Crisis and the Restructuring of Chaebols ; 4. Taiwanese Business Groups: Steady Growth in Institutional Transition ; 5. Singaporean Business Groups: The Role of the State and Capital in Singapore Inc. ; PART II: EMERGING MARKET COUNTRIES ; 6. Malaysian Business groups: The State and Capital Development in the Post-Currency Crisis Period ; 7. Thai Business Groups: Crisis and Restructuring ; 8. Indonesian Business Groups: The Crisis in Progress ; PART III: NEW HORIZONS FOR BUSINESS GROUPS IN EAST ASIA ; 9. Chinese Business Groups: Their Origins and Developments ; 10. Conclusion: The Future of Business Groups in East Asia
£140.12
OUP USA Wrong
Book SynopsisIn recent years, the world has been rocked by major economic crises, most notably the devastating collapse of Lehman Brothers, the largest bankruptcy in American history, which triggered the breathtakingly destructive sub-prime disaster. What sparks these vast economic calamities? Why do our economic policy makers fail to protect us from such upheavals? In Wrong, economist Richard Grossman addresses such questions, shining a light on the poor thinking behind nine of the worst economic policy mistakes of the past 200 years, missteps whose outcomes ranged from appalling to tragic. Grossman tells the story behind each misconceived economic move, explaining why the policy was adopted, how it was implemented, and its short- and long-term consequences. In each case, he shows that the main culprits were policy makers who were guided by ideology rather than economics. For instance, Wrong looks at how America''s unfounded fear of a centralized monetary authority caused them to reject two centraTrade Reviewa fascinating collection of accounts providing interesting details and new insights. * LSE Review of Books *[Grossman] piques our interest with spicy historical detail...he has written a lovely tour, admirably brief, through centuries of economic folly. * Roger Lowenstein, Wall Street Journal *let's hope that when the next major set of economic policy decisions has to be taken, politicians put aside ruling ideology and pick up a book like this. * Joel Campbell, International Affairs *I have great admiration for this book. Grossman addresses an important question and his judgments are uniformly well reasoned and balanced. He is also an outstanding teacher of economics. ... Few economic historians can write as well as Grossman. But more of those who can write well should follow his example and write for policy makers and for the general public. If not economic historians, then who? * Hugh Rockoff, EH.net *Table of ContentsContents ; Preface ; Prologue ; 1. Introduction ; 2. How to Lose an Empire without Really trying: British Imperial Policy in North America ; 3. Establish, Disestablish, Repeat: The First and Second Banks of the United States ; 4. The Great Hunger: Famine in Ireland, 1846-1852 ; 5. The Krauts Will Pay: German Reparations after World War I ; 6. Shackled with Golden Fetters: Britain's Return to the Gold Standard, 1925-1931 ; 7. Trading Down: The Smooth-Hawley Tariff, 1930 ; 8. Why Didn't Anyone Pull the Andon Cord? Japan's Lost Decade ; 9. The Worst Financial Crisis Since the Great Depression: The Subprime Meltdown ; 10. I'm OK. Euro not OK? ; 11. What Have We Learned? Where Do We Go From Here? ; Bibliography
£19.97
Oxford University Press International Monetary and Financial Law
Book SynopsisThis new book from MOCOMILA, the Monetary Law Committee of the ILA, is a unique collaboration of the top academic and practitioner monetary and financial lawyers from around the world. It examines current legal issues of international monetary and financial law in the light of the current global financial crisis and consequent reforms of international and domestic financial architecture. The book deals with post-crisis financial regulation and supervision, including that of rating agencies and sovereign wealth funds, and financial crisis resolution with an analysis of bank rescue operations.Covering matters of current interest such as central banks, international payments, money laundering, and sovereign debt, this book is for banking and financial practitioners, in-house lawyers, central banks and international financial institutions as well as academics in the field of international and financial law.Trade ReviewMany valuable inputs and suggestions are provided by this volume, in which some of the most respected legal scholars on monetary and financial law have come together to share their views, expertise and experience * Mariachiara Malaguti, Common Market Law Review *Table of ContentsI. THE REFORM OF THE INTERNATIONAL FINANCIAL ARCHITECTURE; II. FINANCIAL REGULATION AND SUPERVISION: THE CRISIS TEST; III. FINANCIAL CRISIS RESOLUTION AND LITIGATION ISSUES; PART IV. MONEY, CENTRAL BANKS AND PAYMENT OBLIGATIONS
£261.00
Oxford University Press Inc The Financial Crisis of Our Time
Book SynopsisIn 2006 residential real estate prices peaked and started to fall, then threatened the world''s financial institutions in 2007, and confronted the global economy with disaster in 2008. In the past few years, millions of people have lost very substantial portions of their wealth. And while the markets have rebounded considerably, they are still far from a full recovery. Now, professional economists, policy experts, public intellectuals, and the public at large are all struggling to understand the crisis that has engulfed us.In The Financial Crisis of Our Time, Robert W. Kolb provides an essential, comprehensive review of the context within which these events unfolded, arguing that while the crisis had no single cause, housing finance played a central role, and that to understand what happened, one must comprehend the mechanism by which the housing industry came into crisis. Kolb offers a history of the housing finance system as it developed throughout the twentieth century, and especialTrade ReviewRobert Kolb's The Financial Crisis of Our Time is an exceptional and comprehensive academic contribution toward a definitive analysis and understanding of what happened to the financial world during the 2007-09 meltdown. It provides the answers to the underlying conditions, the causes, and the principal participants that combined to create the greatest disaster of our time. For any serious researcher, Kolb's analysis is indispensable. * Leo Melamed, Chairman Emeritus, CME Group *Table of ContentsPreface ; 1. Introduction: The Financial Crisis of Our Time ; Before the Great Depression ; From the Great Depression to Financial Deregulation ; From Financial Deregulation to the Savings and Loan Crisis ; 2. From Securitization to Subprime ; The Development of Securitization ; The Process of Securitization: An Overview ; Credit Enhancement ; The Subprime Difference ; 3. Before the Deluge ; Subprime Lending: To the Peak ; The Height of Subprime Lending ; 4. From the Subprime Crisis to Financial Disaster: An Overview ; The Housing Peak to Hints of Something Wrong ; The Slide Accelerates ; Mortgage-Backed Securities and Foreclosures ; No Relief in 2008 ; The Climax? ; Back From the Brink ; 5. Extinctions ; Among the Ruins ; From Countrywide to IndyMac ; IndyMac ; Washington Mutual ; Wachovia ; Bank Extinctions, Banking Consolidation, and Too-Big-to-Fail ; 6. The End of Investment Banking ; Big Brains, Big Egos, and Big Pay ; Bear Stearns ; The Bankruptcy of Lehman Brothers ; Merrill Lynch: The Herd Goes to the Abattoir ; Goldman Sachs, Morgan Stanley and the Week that Remade Wall Street ; 7. When Zombies Walk The Earth ; Fannie Mae and Freddie Mac ; AIG ; Citigroup: The Biggest Zombie of Them All ; Zombies and the Future ; 8. Policy Responses and The Beginnings of Recovery ; Unfurling the TARP ; The Market Reacts ; The TARP Evolves ; Introduction of the TALF ; Instituting More Programs: The Public-Private Investment Program ; Support for the Auto Industry ; Support for Homeowners ; Green Shoots in the Financial Sector ; Initial Cost Assessment ; 9. Causes of the Financial Crisis: Macroeconomic Developments and Federal Policy ; The Basic Story ; Major Asset Price Collapse ; Concentrated Exposure to the Failing Asset Class ; Lack of Transparency and Freezing of the Financial System ; Macroeconomic Developments ; Federal Stimulative Policy and Legislation ; Attempts to Combat Mortgage Lending Discrimination and to Expand Home Ownership to Minorities ; National Homeownership Strategy ; The Causal Role of the GSEs ; 10. Causes of the Financial Crisis: The Failure of Prudential Regulation ; Regulation of Depository Institutions ; Regulation of Lines of Business ; Capital Requirements ; Interaction Between Capital Regulation and Credit Derivatives ; Regulation of Size and Scope-<"Too Big to Fail>" ; Restrictions on Concentration of Risk ; Regulation of Securities Markets and Supporting Institutions ; Capital Regulations ; Off-Balance Sheet Corporate Entities ; Credit-Rating Agencies ; Mark-to-Market Accounting Rules ; Complex Financial Derivatives ; The Regulation of AIG ; Poor Regulation of Mortgage Industry ; Defects in Regulatory Architecture ; 11. Causes of the Financial Crisis: From Aspiring Homeowner to Mortgage Lender ; The Borrower ; The Lender ; The Appraiser ; The Mortgage Broker ; The Mortgage Frenzy, the Originator, and Underwriting Standards ; 12. Causes of the Financial Crisis: From Securitizer to Ultimate Investor ; Purchasing Mortgages ; Creating Securities and Obtaining Ratings ; To the Ultimate Investor ; Incentives from Securitizer to Ultimate Investors ; 13. Causes of the Financial Crisis: Financial Innovation, Poor Risk Management, and Excessive Leverage ; Financial Innovation and the Creation of Complex Instruments ; Poor Risk Management ; Excessive Leverage ; 14. Causes of the Financial Crisis: Executive Compensation and Poor Corporate Governance ; Pay at Financial Firms ; Risk-Taking and Executive Compensation in the Financial Crisis ; Incentives, Risk-Taking and Compensation at Fannie Mae ; Executive Compensation and Lehman Brothers ; Incentive Conflicts ; Corporate Governance in the Financial Crisis ; 15. Consequences of the Financial Crisis and the Future It Leaves Us ; Measuring the Damage: A Warning ; The Bailout and Its Costs ; From 2006 to 2009: Our Economic World and How it Has Changed ; Reduced Circumstances: Our Economic Future ; Beyond the Merely Economic-American Recessional or American Renewal? ; Perfecting the Fatally Flawed Regulatory Regimes of the Past ; The Financial Crisis, the Great Recession, and Institutional Failures ; Fundamental Reform? ; <"Too-Big-to-Fail>" ; Corporate Governance, Executive Compensation, and Firms' Risk-Taking ; Conclusion: Dopes, Genius, Saints, Scoundrels, and Ordinary People
£41.39
The University of Chicago Press Fiscal Policy after the Financial Crisis NBER
Book SynopsisFocuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. This title also includes contributions discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes.
£96.90
University of Chicago Press Housing and the Financial Crisis
Book SynopsisConventional wisdom held that housing prices couldn't fall. This book looks at what happened to prices and construction both during and after the housing boom in different parts of the American housing market, accounting for why certain areas experienced less volatility than others. It then examines the causes of the boom and bust.
£102.00
The University of Chicago Press Globalization in an Age of Crisis Multilateral
Book SynopsisAlong with its painful economic costs, the financial crisis of 2008 raised concerns over the future of international policy making. This book includes contributions that consider the ways in which the global economic order might address the challenges of globalization that have arisen over the years and has intensified by the recent crisis.
£96.90
The University of Chicago Press How the Financial Crisis and Great Recession
Book SynopsisThe recent financial crisis had a profound effect on both public and private universities. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses and how the incentives and constraints facing different institutions affected their behavior.
£90.25
The University of Chicago Press Measuring Wealth and Financial Intermediation and
Book SynopsisMore than half a decade has passed since the bursting of the housing bubble and the collapse of Lehman Brothers. This book identifies measurement problems associated with the financial crisis and improvements in measurement that may prevent future crises.
£112.00
The University of Chicago Press House of Debt How They and You Caused the Great
Book SynopsisWhy do severe recessions happen? Could we have prevented the Great Recession and its consequences? And what actions are needed to prevent such crises going forward? This book offers convincing answers to some of the most important questions faced by the economy.Trade Review"Distills lessons about the crisis from their recent research into one easily digestible package." (Economist) "The economists Mian and Sufi are our leading experts on the problems created by debt overhang." (Paul Krugman, New York Review of Books) "A concise and powerful account of how the great recession happened and what should be done to avoid another one." (Wall Street Journal) "The most important economics book of the year." (Lawrence Summers, Financial Times) "Mian and Sufi deserve credit of another kind for detalling how ensnared the American Dream is in this tangled web of debt finance-and how exposed the vast majority of us are to the broader economic consequences." (Atlantic)
£14.25
The University of Chicago Press Fighting Financial Crises Learning from the Past
Book SynopsisA history of the effort to fight financial crises, from the mid-nineteenth century to the present.
£37.05
The University of Chicago Press Hawaii
Book SynopsisTrade Review"How do political and economic institutions evolve? How does the past shape the present? Sumner La Croix answers those questions in an illuminating study of Hawai?i that links the original settlement by humans, endemic warfare among newly formed states, the arrival of Western colonizers, and finally statehood and problems today."--Philip T. Hoffman, author of Why Did Europe Conquer the World? "Hawai?i may have been the last major archipelago on earth to be settled by humans, but its short history is enormously rich. La Croix makes an invaluable contribution to the social science history of Hawai?i by laying out clearly and persuasively how political and economic forces interacted throughout all of Hawaiian history, with particular emphasis on the nineteenth and twentieth centuries. This is an important book that will find a key place in the history of Hawai?i and the political economy of colonization and statehood."--John Joseph Wallis, coauthor of Violence and Social Orders: A Conceptual Framework for Interpreting Recorded Human History "A superb analysis of the economic and political history of Hawai?i from its inception over eight hundred years to the present. Using a unified framework of political orders, La Croix moves seamlessly through the various political transitions of local chiefs to Unified Kingdom, U.S. colony, and statehood, with their related economic implications. He documents how the structures put in place eight hundred years ago resonate in the present century. This book is a must-read for anyone interested in economic and political history and those interested in contemporary public policy."--Ann M. Carlos, coauthor of Commerce by a Frozen Sea: Native Americans and the European Fur Trade
£46.80
University of Chicago Press Front Page Economics
Book SynopsisWhen pundits constantly decry bias in the media, we have naturally become skeptical of the news. But the bluntness of such critiques masks the sophisticated way in which the media frame important stories. This title examines the coverage of two major economic crashes - in 1929 and 1987 - in order to break down the way newspapers normalize crises.Trade Review"While the economy is well covered by the news media, that coverage has not been subjected to the level of scholarly scrutiny warranted by its importance as an aspect of public affairs. Carefully researched and clearly written, Front Page Economics offers an insightful analysis of the business beat and the explanatory strategies its journalists employ." - James S. Ettema, Northwestern University"
£46.63
Columbia University Press Bailouts
Book SynopsisTrade ReviewA detailed study of the history of bailouts... [and] a must-read for anyone interested in the policy implications of bailouts. -- Andrew Jalil EH.net A timely, accessible examination of government bailouts. ChoiceTable of Contents1. The Evolution of the Reconstruction Finance Corporation as a Lender of Last Resort in the Great Depression, by Joseph R. Mason, Louisiana State University and the Wharton School 2. Financial Crises and Government Responses: Lessons Learned, by Benton E. Gup, University of Alabama 3. Hybrid Failures and Bailouts: Social Costs, Private Profits, by Robert E. Wright, NYU Stern School of Business 4. After the Storm: The Long Run Impact of Bank Bailouts, by Guillermo Rosas and Nathan M. Jensen, Washington University in Saint Louis
£13.49
Columbia University Press From Financial Crisis to Global Recovery
Book SynopsisTrade ReviewThere are an abundance of books by journalists providing an insider's chronology of events. Yet there are few books that step back and provide an analytical perspective on the financial meltdown and the Great Recession. That is the great service Padma Desai provides in this book. -- Douglas A. Irwin, Dartmouth College, author of Peddling Protectionism: Smoot-Hawley and the Great Depression Padma Desai provides a very wise and thoughtful account of the origins of the financial crisis, the prospect and policies for recovery, and the future of national and international economic management. She also draws very effectively on her great experience and distinction as a scholar of economic transformation, economic history, and international economics. -- Nicholas Stern, London School of Economics and former chief economist of the World Bank Insightful, far-ranging, and complete, yet still manages to be a lot of fun to read. -- Robert J. Shiller, Yale University Padma Desai explains the World Financial Crisis in human terms. In every chapter she associates the abstract principles of economics with stories about real people in real situations. These stories focus on who was making what decisions and when and why they were made. It is what we need to understand the crisis. -- George A. Akerlof, University of California, Berkeley, and Nobel Laureate in Economics Students keep asking me: where can I read about the financial crisis and what we are-or are not-doing about it? Without putting together a reading list of twenty to thirty items, there aren't many good answers. Padma Desai's new book, which is at once comprehensive and brief, remedies that. -- Alan S. Blinder, Princeton University, former Vice Chairman of the Board of Governors of the U.S. Federal Reserve Padma Desai provides a wide-ranging analysis of the economic problems of the past decade and the prospects for the future of the global economy. She brings the unique perspective of someone who has taught in the United States for decades but also is deeply rooted in her native India and the developments in the Soviet Union and Russia, the focus of her academic research. -- Martin Feldstein, Harvard University, President Emeritus of the National Bureau of Economic Research and former chief economic advisor to President Reagan Padma Desai explains in a friendly manner how a systematic breakdown of factors led to the current recession The Southampton PressTable of ContentsPreface 1. Financial Crisis Origin 2. Banking Sector Stress Tests: United States Versus the European Union 3. Is the U.S. Economy on the Mend? 4. Global Recovery Prospects: North America and Europe, Asia, and South America 5. Hedge Funds and Derivatives, Credit Default Swaps, and Rating Agencies 6. U.S. and EU Regulatory Proposals: How Strict? How Cooperative? 7. The Dollar's Future as a Reserve Currency 8. The Great Depression and the Current Financial Crisis 9. The Future of American Capitalism Notes Index
£35.70
Columbia University Press The Watchdog That Didnt Bark
Book SynopsisHow mainstream business news failed its readers and what it means for the future of the profession.Trade ReviewThe Watchdog That Didn't Bark, given its in-depth analysis across the landscape, steeped in history, and Starkman's keen understanding of the business of journalism, can stand as a potentially enduring case study of what went wrong and why. -- Alec Klein, director of the Medill Justice Project and award-winning investigative reporter formerly with the Washington Post Starkman is literally a reporter's reporter. As such, he gets to the bottom of the story of how the U.S. business press could miss the most important economic implosion of the past eighty years until it was too late, and he does so with prose that is intelligent, engaging, and erudite. I recommend The Watchdog without reservation. -- Eric Alterman, Brooklyn College, and media columnist, The Nation Here is the missing piece in the financial-crisis mystery: how did our vaunted business-journalism sector manage to miss the problem with mortgage-backed investments? The answer, as Dean Starkman shows us in this amazing autopsy, is that the business outweighs the journalism and that it is getting worse, not better, as we go forward. -- Thomas Frank, author of Pity the Billionaire: The Hard-Times Swindle and the Unlikely Comeback of the Right Journalism was complicit in the predation and corruption that brought down world financial markets and wrecked the lives of millions. Obsessed with shallow scoops, giddy from the laughing gas of access, financial journalists abjectly failed to connect dots, and left abusive, reckless, and criminal corporations free to drag the global economy into the abyss. Dean Starkman is the author we have been waiting for to tell this story. He not only puts forward a keen, subtle, and fair account of the journalistic default, he names names. -- Todd Gitlin, author of Media Unlimited: How the Torrent of Images and Sounds Overwhelms Our Lives With American journalism at sea, here comes a navigator who really knows its mission, the riptides it is facing, and the ports it must reach. Starkman tells it all with the heart, clarity, and dry wit that redeem business journalism even while showing how it lost its anchor and compass. -- Jim Sleeper, former editor and columnist at Newsday and the New York Daily News Journalists did not miss the subprime lending that spun into the devastating financial collapse of 2008. Excellent reporting was available, from the Financial Times to the Los Angeles Times to a small alternative publication, Southern Exposure. Yet Dean Starkman shows that even reporters who were on top of things buried the lead: the story was not new financial instruments, risky investments, or high-pressured Wall Street. The story was corruption. There were old-fashioned, greedy villains. Old-fashioned moralizing was called for. It would have had the advantage of being both true and fascinating. So how did so many fine journalists miss the big story? Read Starkman's powerful and disturbing analysis of how business journalism came to write for an audience of investors, not citizens. You may not share his every judgment, but this account has the advantage of being both true and fascinating. -- Michael Schudson, Columbia Journalism School, author of The Power of News As fair and balanced as a solar-plexus punch can be. Kirkus Reviews Starkman provides keen analysis of how the media failed in its mission at a crucial time for the U.S. economy. Booklist Compelling... Starkman offers an excellent and clear theoretical explanation for some of the problems with watchdog journalism generally. International Journal of Communication Detailed and fully satisfying... Criminal Law and Criminal Justice Books The Watchdog That Didn't Bark adds greatly to our understanding of business journalism and the country's most recent financial meltdown. Starkman writes that it is intended for lay readers, but journalism students and historians will find much value here as well. H-NetTable of ContentsAcknowledgments Introduction: Access and Accountability 1. Ida Tarbell, Muckraking, and the Rise of Accountability Reporting 2. Access and Messenger Boys: The Roots of Business News and the Birth of the Wall Street Journal 3. Kilgore's Revolution at the Wall Street Journal: Rise of the Great Story 4. Muckraking Goes Mainstream: Democratizing Financial and Technical Knowledge 5. CNBCization: Insiders, Access, and the Return of the Messenger Boy 6. Subprime Rises in the 1990s: Journalism and Regulation Fight Back 7. Muckraking the Banks, 2000-2003: A Last Gasp for Journalism and Regulation 8. Three Journalism Outsiders Unearth the Looming Mortgage Crisis 9. The Watchdog That Didn't Bark: The Disappearance of Accountability Reporting and the Mortgage Frenzy, 2004-2006 10. Digitism, Corporatism, and the Future of Journalism: As the Hamster Wheel Turns Notes Bibliography Index
£16.19
Columbia University Press The Restructuring of Capitalism in Our Time
Book SynopsisTrade ReviewOf all the many books on the economic crisis, this is the best. William K. Tabb has absolute command of his subject and provides the clearest account yet of the financial folly that has brought the United States to its knees. Eminently readable and reasonable, his book cuts through the clouds of obfuscation by politicians and economists alike to draw a clear lesson: financialization is a cancer running through the American economy, one that continues to suck the life out of industry, corrupt capitalists, and Congress, generating more froth than real growth or jobs. A wonderful book and a real pleasure to read. -- Richard Walker, University of California, Berkeley, and author of The Capitalist Imperative: Territory, Technology, and Industrial Growth Tabb...makes a valuable contribution to the proliferating literature on the ongoing financial crisis with this well-written, carefully researched account of the great recession. Choice It isn't an easy read like the latest Michael Lewis best seller, but those who perserve will be rewarded. -- Fred Block Pacific Standard ... Tabb strives to offer an analytically deep account of real-world developments, not a theory for its own sake... He offers his readers a wealth of empirical evidence and secondary references to substantiate his claims, and he opts for nuance instead of hyperbole where appropriate. This reviewer for one has not seen another crisis-book that manages so wellto fuse big picture thinking with attention to detail. -- Daniel Mugge, University of Amsterdam Review of International Political Economy William Tabb has written an excellent account of the causes of the 2007-2008 credit crunch - and what in 2009 became the first global recession since the 1930s. -- Jonathan Michie, Oxford University International Review of Applied EconomicsTable of ContentsAcknowledgments 1. The Centrality of Finance 2. Financialization and Social Structures of Accumulation 3. Realism in Financial Markets 4. The Shadow of the Financial System 5. The Coming Apart 6. Rescue and the Limits of Regulation 7. Nations, Globalization, and Financialization 8. The Present in History References Index
£36.00
Penguin Books Ltd The Great Crash 1929 Penguin Modern Classics
Book Synopsis''One of the most engrossing books I have ever read'' Daily TelegraphJohn Kenneth Galbraith''s now-classic account of the 1929 stock market collapse remains the definitive book on the most disastrous cycle of boom and bust in modern times.Vividly depicting the causes, effects, aftermath and long-term consequences of financial meltdown, Galbraith also describes the people and the corporations who were affected by the catastrophe. With its depiction of the ''gold-rush fantasy'' ingrained in America''s psychology, The Great Crash 1929 remains a penetrating study of human greed and folly.
£9.49
Penguin Books Ltd Untitled 322525
£22.50
Penguin Books Ltd The Big Fail
Book SynopsisFrom the author of the modern business classic The Smartest Guys in the Room comes a damning indictment of late-stage capitalism-and the leaders that were brutally unprepared for a global pandemic.In 2020, the coronavirus pandemic made it painfully clear that governments across the world could not adequately protect their citizens. Millions of people suffered and died in just two years, while administrations around the globe blundered; prize-winning economists overlooked devastating trade-offs from the collapse of trade; and elites escaped to isolated retreats, unaffected by - and worse, even profiting from - the worst healthcare crisis to hit humanity in decades.In this page-turning economic, political and financial history, veteran journalists Bethany McClean and Joseph Nocera analyse the American response to the pandemic as a case study, to offer fresh and provocative answers. With laser-sharp reporting and deep sourcing, they investigate what really
£15.29
Penguin Books Ltd Going Infinite
Book Synopsis*INSTANT SUNDAY TIMES BESTSELLER**NO. 1 NEW YORK TIMES BESTSELLER*Extraordinary' The ObserverA stupefyingly pleasurable book to read' New YorkerLewis's storytelling is as good as ever' The EconomistFrom the #1 bestselling author of The Big Short and Flash Boys, the high-octane story of the enigmatic figure at the heart of one of the 21st century''s most spectacular financial collapses''I asked him how much it would take for him to sell FTX and go do something other than make money. He thought the question over. One hundred and fifty billion dollars, he finally said-though he added that he had use for infinity dollars...''Sam Bankman-Fried wasn''t just rich. Before he turned thirty he''d become the world''s youngest billionaire, making a record fortune in the crypto frenzy. CEOs, celebrities and world leaders vied for his time. At one point he consideTrade ReviewGoing Infinite is insanely readable and I devoured it, marvelling at Lewis’s ability to pace, structure and humanise a story about something as dense and unfriendly as crypto… As with previous outings such as Moneyball (nerdy baseball stats), The Big Short (credit default swaps), and Flash Boys (high-frequency trading), Going Infinite shows off Lewis’s peculiar genius for making arcane information as transporting as fantasy fiction. * Guardian *Going Infinite is a stupefyingly pleasurable book to read. It’s perfectly paced, extremely funny, and fills in many gaps in a story that has been subjected to an unholy amount of reporting... What he began with Moneyball has come into full flower with Going Infinite. Lewis has surveyed a landscape taken by convention as settled and found it destabilized, at least here and there, by uneven and unreliable information. Perhaps Lewis’s book should encourage an update, however minuscule, in our own priors. * New Yorker *Going Infinite is a portrait of grandiose ambitions, youthful arrogance, and the distorting power of money... [Lewis] remains the greatest living exponent of the plain style in reporting. His eye for detail is unsurpassed... And as a chronicle of collective delusion - a modern version of the Dutch tulip mania - Going Infinite is an instant classic... Michael Lewis deserves huge credit for capturing [SBF] in all his infinite weirdness... Mark Zuckerberg, another boy genius in ratty shoes, once described Twitter as a clown car that fell into a gold mine. Sam Bankman-Fried was a Seth Rogen character who fell into a tulip field circa 1634. Another one will be along in a minute. We never learn. * The Atlantic *Going Infinite is in many ways Lewis at his best. He marshals a complex global story without losing sight of the delightful and revealing human details. He is a world-class noticer … Lewis is a generous writer with a humane intelligence, and it is to his credit that he doesn’t reach for easy cynicism or cheap effects. -- Jesse Armstrong * TLS *Lewis’ storytelling is as good as ever… In the past, Mr Lewis has focused on little-known people doing extraordinary things. This time his subject is notorious… Mr Bankman-Fried’s hyper-rationality sets him apart from everyone. He views people not as good or bad, but as “probability distributions” around a mean… By tolerating the idea that hyper-rationalists cannot make sense of the rules of the game the way most people do, Mr Lewis implicitly asks readers to reconsider whatever they thought they knew about Mr Bankman-Fried. In the court of public opinion, he is already convicted. That’s reason enough to give this book a read. * The Economist *Going Infinite is wildly entertaining, surprising multiple times on pretty much every page, but it adds up to a sad story, even a tragedy, for its central character and for all the people who lost so much thanks to his actions… Lewis tries to answer the first question he was asked about Bankman-Fried: who was this guy? The question of his guilt or innocence Lewis leaves to the criminal justice system. I think that’s good practice, given that the trial is happening right now. For what it’s worth, I see no contradiction between the person described in Going Infinite and the things SBF is accused of having done. In fact I think the book makes it easier to understand how and why he did what he allegedly did. -- John Lanchester * London Review of Books *Michael Lewis has an uncanny instinct for a big story, and is now right in the thick of the action again... Reading Lewis can feel like being a passenger in an expertly piloted bobsleigh. You’re moving so fast down the mountain, but you know you’re going to be delivered safe and sound – hot chocolate waiting at the bottom. There is no need to stress, only to thrill to the scenery as it hurtles past. * New Statesman *In November 2022, FTX collapsed in a matter of days after it suffered billions of dollars in customer withdrawals, sending shockwaves through the crypto world. To make sense of all this, with perfect timing, comes Michael Lewis… Going Infinite is his superbly detailed picture of the man behind it... So where might the money have gone? We still don’t entirely know, though Lewis offers some preliminary balance sheet calculations — which remain more detailed than anything FTX ever published. * Evening Standard *Michael Lewis is the world’s finest financial storyteller… Going Infinite is at its best in describing Bankman-Fried’s rise… Lewis is equally sharp on how the effective altruism movement shifted its priorities, from donating to prevent disease and mortality in the global south to worrying about (putative) trillions of human lives across the galaxy in the distant future. * Daily Telegraph *When the stories of our times are told, there will be no more seminal documents than the books of Michael Lewis. * Guardian *I would read an 800-page history of the stapler if he wrote it. * New York Times Book Review *In the hands of Michael Lewis, anything is possible. * Sunday Times *He is so good everyone else may as well pack up. * Evening Standard *Life is what happens between Michael Lewis books. -- Michael Hofmann
£22.50
Penguin Books Ltd Boomerang
Book Synopsis''A highly enjoyable exercise in financial disaster tourism... politically incorrect, often very funny, and shot through with genuine insight'' Robert Harris, The TimesIn this hilarious, fascinating, timely must-read, Michael Lewis reveals the true natures of the countries caught up in - and exacerbating - our boomerang economies, showing how the financial meltdown hit us all in the face. Right now, Europe is in serious financial chaos. In Greece, infrastructure costs mean it would be cheaper to transport all Greek rail passengers by taxi, and hairdressing is classified as arduous for tax avoidance purposes. In Iceland, Range Rovers frequently explode as owners collect the insurance to pay for them. Ireland saw the entire country put up for sale - to itself, while the Germans expected the whole world to behave like them. But the whole world didn''t.''Chock-full of extraordinary characters, amusing anecdotes and shocking insights'' Observer''A tour de force... All those questions you''ve half-asked yourself: nowhere else will you find them answered with such incisive wit or terrifying clarity'' Mail on SundayTrade ReviewFascinating ... the book could not be more timely ... a sharp-edged narrative that leaves readers with a visceral understanding of the fiscal recklessness that lies behind today's headlines -- Michiko Kakutani * New York Times *Michael Lewis's bravura journey through Europe's economic underbelly brilliantly charts the consequences of a world plagued by debt ... highly enjoyable ... nicely politically incorrect, often very funny, and shot through with genuine insight -- Robert Harris * Sunday Times *Brilliant ... he has a novelist's gift * Spectator, Books of the Year *Lewis' investigation of bubbles across Europe is brilliantly, sadly hiliarious * GQ magazine *Caustically funny ... urgent and chilling ... a thought-provoking read -- Ian Morris * Observer *Lewis is the finest storyteller of our generation -- Malcolm GladwellHe is so good everyone else may as well pack up * Evening Standard *Michael Lewis meets some extraordinary characters in his excursion through the barely controlled madness that is modern finance ... lucid, entertaining -- Tony Barber * Financial Times *He writes with the wit and observational eye of a travel writer -- Richard Fitzpatrick * Irish Examiner *He writes quite brilliantly and understands the complex financial matters whereof he speaks. As polemical prose goes, it is hard to beat -- Howard Davies * Management Today *
£10.44
Penguin Books Ltd Citizen Quinn
Book SynopsisGavin Daly is a reporter with the Sunday Times. Ian Kehoe is a reporter with the Sunday Business Post.Trade ReviewFor all those intrigued by by a small Cavan farmer's son came to be one of the richest men in the world, and then lost it all, Citizen Quinn is a must-read * Sunday Business Post *Gripping and well-researched ... paints a picture of a man who is delusional about hat has happened and the extent to which he is to blame * Irish Times *The book chronicles this truly compelling story, and the story of a compelling man * Irish Mail on Sunday *A gripping story told in language that people without an MBA can follow * Irish Independent *A great read -- Sean O'Rourke * RTE Radio One *
£14.39
Institute of Economic Affairs Crises of Governments
Book SynopsisExamines the causes and consequences of the financial crash. This title looks at the effects of fiscal stimulus packages and suggests that, whilst they may lead to an immediate positive impact on growth, the effect can quickly wear off and the effect of the so-called stimulus packages can then be negative.
£9.50
Institute of Economic Affairs Policy Stability and Economic Growth Lessons from
Book SynopsisJohn Taylor is one of the foremost economists of our generation.This book presents Taylor's view of the financial crisis and its aftermath.
£9.50
Pennsylvania State University Press Rhetoric Inc. Fords Filmmaking and the Rise of
Book SynopsisExamines motion pictures produced or sponsored by Ford Motor Company from a rhetorical perspective, demonstrating how the films reveal a long-term rhetorical project that has helped embed corporations into many of the social systems guiding societies today. Trade Review“This book does important work by advancing a theory of how society may be organized around terms, values, images, and ways of thinking promulgated by corporations. It makes a valuable contribution to communication and rhetorical theory, to film studies, and even to economics.”—Barry Brummett,author of Rhetoric of Machine Aesthetics“This book brings together a set of literatures that, taken together in service of the case study at hand, offer a fascinating perspective on the relationship between rhetoric, film, corporatization, and hegemony. The central concept—incorporational rhetoric—will undoubtedly be useful to a wide range of scholars studying consumerism and commercial discourse, and rhetoric writ large.”—Christine Harold,author of OurSpace: Resisting the Corporate Control of Culture
£26.96
Yale University Press When the Money Runs Out
Book Synopsis
£11.99
Random House USA Inc 13 Bankers
Book SynopsisIn spite of its key role in creating the ruinous financial crisis of 2008, the American banking industry has grown bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks whose assets amount to more than 60 percent of the country’s gross domestic product, this oligarchy proved it could first hold the global economy hostage and then use its political muscle to fight off meaningful reform. 13 Bankers brilliantly charts the rise to power of the financial sector and forcefully argues that we must break up the big banks if we want to avoid future financial catastrophes. Updated, with additional analysis of the government’s recent attempt to reform the banking industry, this is a timely and expert account of our troubled political economy.
£14.39
Hodder & Stoughton Who Runs Britain
Book Synopsis''A compelling portrait of early 21st-century casino capitalism ... essential reading.'' - The Times On 13 September 2007, Robert Peston broke the news that Northern Rock had become a victim of the global credit crunch and was seeking an emergency loan from the Bank of England. It was the latest in a long line of scoops by this award-winning journalist. Over the weeks that followed, the Government found itself exposed to the Rock to the tune of 57 billion, or almost 2000 for every taxpayer. As Robert Peston shows in this fascinating book, the seeds for the collapse of Northern Rock and the upheavals in the financial markets were sown years before.Who Runs Britain? is the first time anyone has drawn all the threads together to weave a story that''s rich in extraordinary characters and outrageous feats of economic bravado. This book is about the widening gap between the super-rich and the rest of us. It explores and explodes the mythTrade ReviewA compelling portrait of early 21st century casino capitalism ... essential reading. -- Howard Davies * The Times *Fluent, incredibly up to the minute look at Britain ... Peston, in relaxed, conversational style is a great travelling companion along the highways of finance. * Observer *This lucid and timely guide to the world of turbo-capitalism ... absorbing book, essential reading for anyone who wants to know how the British economy now operates. -- Peter Wilby * Guardian *Peston catches the zeitgeist of Britain and the paradox that is Gordon Brown. * Financial Times *Peston is our rock... The triumph of Robert Peston makes me proud of my old paper, the BBC and of journalism in general. -- Sarah Sands * Independent on Sunday *A devastating account of Blair's producer capture by high finance... Peston navigates with ease the shark-infested waters of hedge funds, sub-prime borrowing, defined-benefit pensions and loans for honours. -- Simon Jenkins * Sunday Times *This remains the most riveting book on finance you may ever bother to read. * Evening Standard *Engaging -- Harry Mount * Telegraph *wonderful clarity * Sunday Telegraph *Starkly lucid -- Polly Toynbee * Guardian *Book of the year * Financial Times *I recommend this book -- Nicholas Lezard * Guardian *
£10.44
WW Norton & Co The Big Short
Book SynopsisThe #1 New York Times bestseller: a brilliant account—character-rich and darkly humorous—of how the U.S. economy was driven over the cliff.Trade Review"No one writes with more narrative panache about money and finance than Mr. Lewis....[he] does a nimble job of using his subjects’ stories to explicate the greed, idiocies and hypocrisies of a system notably lacking in grown-up supervision....Writing in faintly Tom Wolfe-ian prose, Mr. Lewis does a colorful job of introducing the lay reader to the Darwinian world of the bond market." -- Michiko Kakutani - The New York Times"Superb: Michael Lewis doing what he does best, illuminating the idiocy, madness and greed of modern finance. . . . Lewis achieves what I previously imagined impossible: He makes subprime sexy all over again." -- Andrew Leonard - Salon.com"One of the best business books of the past two decades." -- Malcolm Gladwell - New York Times Book Review"I read Lewis for the same reasons I watch Tiger Woods. I’ll never play like that. But it’s good to be reminded every now and again what genius looks like." -- Malcolm Gladwell - New York Times Book Review"I recommend everyone within the sound of my voice to read [this] book." -- Senate Majority Leader Harry Reid (D-Nev.)"I’ve joined a lot of other people in just finishing Michael Lewis’s book, The Big Short, and it’s really an eye-opener of what was going on at the time that this real estate bubble was created." -- Senate Majority Whip Dick Durbin (D-Ill.)"I read it, marked it up for my staff, underlined it, made copies and asked them to read it." -- Senator Carl Levin (D-Mich.)"[A]n incredible piece of commentary on Wall Street." -- Rep. Jackie Speier (D-Calif.)"If you’re wondering if there’s importance or an urgency to this issue, read the book The Big Short by Michael Lewis, and then, when you’re finished reading, come back to the floor and say that you support this amendment [on financial reform]." -- Senator Byron Dorgan (D-North Dakota)
£21.59
WW Norton & Co End This Depression Now
Book SynopsisA call-to-arms from Nobel Prizewinning economist and best-selling author Paul Krugman.Trade Review"An important contribution to the current study of economics and a reason for hope that effective solutions will be implemented again." "Starred review. Krugman (Fuzzy Math), winner of the 2008 Nobel Prize in Economics, takes an edifying and often humorous journalistic approach to the current economic crisis in this accessible and timely study. Rather than provide a mere postmortem on the 2008 collapse (though relevant history lessons are provided), Krugman aims to plot a path out of this depression. Krugman has consistently called for more liberal economic policies, but his wit and bipartisanship ensure that this book will appeal to a broad swath of readers-from the Left to the Right, from the 99% to the 1%."
£18.99
WW Norton & Co The Courage to Act
Book SynopsisBen S. Bernanke’s rise to chair of the Federal Reserve, the massive financial crisis, and the Fed’s bold and effective response.Trade Review"Bernanke details the hurdles he faced, from cynically obstructive congressmen to obstreperous regulators and quarrelsome interest rate hawks, as well as hapless policymaking in Europe. During much of the panic, he writes: “The Fed alone, with its chewing gum and baling wire, bore the burden of battling the crisis.” The guts of his story are familiar. It is well narrated with regular flashes of colour…" -- Financial Times"The former chair has penned a lucid account of the crisis and its aftermath... Mr Bernanke’s narrative of his time in office is a lucid, analytical affair… the book provides a robust defence of the Fed’s response to the crisis. Mr Bernanke clearly sees himself as someone who did what was necessary to save the economy from disaster, in the face of a barrage of unwarranted criticism. The result is a book which compels..." -- The Economist"It was Ben Bernanke, not Gordon Brown, who steered us through the 2008 financial meltdown...the book's most interesting chapters are those that deal with the crisis...Above all, [Bernanke] exuded calm, even when there was plenty of inner turmoil. The calmness comes over in this book, and so does plenty of the turmoil." -- The Sunday Times"It was a happy chance that this scholar, known for his work on the Great Depression, was chairman of the central banking system of the US during the biggest financial crisis since the early 1930s. His [Bernanke's] new book, The Courage to Act, provides a fascinating account of the effort to save the world from another such catastrophe." -- Martin Wolf, Lunch with the FT - Financial Times"'Why', asked the Queen during her visit to the London School of Economics in November 2008, 'did no one see it coming?' The most thorough and persuasive explanation yet comes in a book by one of the key people, arguably the key person, involved, Ben Bernanke, chair of the US Federal Reserve Board." -- The Independent"Bernanke's memoir is a crucial document of record that will be invaluable to future historians. As far as any memoir can be, it is an honest and accurate account. There is no hubris or exaggeration: simply a telling of the tale of the most dramatic period in office of any Fed Chairman to date." -- Mervyn King - Prospect"Bernanke was at the helm of the world's most important central bank during the financial crisis of 2007-08... Here he gives a compelling account of what he and the Federal Reserve did and why they did it... the defence of the Fed against its critics is compelling. " -- Best Books of 2015 - Financial Times"This memoir is a much better read than that of his predecessor, Alan Greenspan: the writing flows easily and the book is much better structured." -- The Irish Times
£26.59
WW Norton & Co Lost Decades
Book SynopsisA clear, authoritative guide to the crisis of 2008, its continuing repercussions, and the needed reforms ahead.Trade Review"An excellent read. [Chinn and Frieden] anticipated a movement like Occupy Wall Street." -- Occupy Wall Street Forum"[An] important book, which deserves to be widely read and debated." -- Publishers Weekly"An invaluable resource in a time of great uncertainty. Intelligent yet accessible to non-experts, [it] fills a valuable niche in a debate often dominated by ideological talking heads who thrive on popular anger and drain the political system of sensible dialogue." -- Jon Rosen - USA Today"If you enjoy seeing the Gottmans as presenters, you will love their most recent book, 10 Principles for Doing Effective Couples Therapy. Extraordinary therapists and gifted researchers, it’s as if you can hear the authors’ voices emanate from the text. . . . [E]asy to read, while also providing useful concepts and a formula that works. . . . Of course, I recommend this book. It can be used as a resource guide, as well as one that offers immediate tools for working with clients. The research-based wisdom will no doubt become standardized knowledge because of how applicable it is for clinical work." -- Simon Johnson, MIT, co-author of 13 Bankers"[L]ike their previous books, 10 Principles attempts to break down a complex issue into something more tangible. . . . [T]he heart of this text focuses on well-crafted principles for effective therapy, and includes scientific research, assessments, exercises, and statistics. . . . Few things are more fascinating than when therapy and scientific research come together, which is precisely why any work produced by John or Julie Gottman makes for an interesting read." -- Ernesto Zedillo, Director of the Yale Center for the Study of Globalization Former President of Mexico"Known for their iconic research on couples, their prolific writings, and the development of a couples therapy informed by their research findings, Julie and John Gottman, in this well written and comprehensive book, gift their clinical wisdom and processes to couples therapists. Filled with clinical insight, coherent theory, case illustrations, various data gathering forms, and a treatment plan, this book should increase the competence and confidence of any clinician who is wise enough to read it." -- Dani Rodrik, author of The Globalization Paradox"In 10 principles, this book lays out in an eminently readable and accessible way the basic steps of effective couple therapy. It is a great contribution to the field and will guide numerous therapists onto the path of successful intervention." -- Nouriel Roubini, Stern School of Business, NYU
£19.00
WW Norton & Co End This Depression Now
Book SynopsisA New York Times best-selling call to arms from Nobel Prize–winning economist Paul Krugman.Trade Review"Paul Krugman is stepping up to play the kind of role that John Maynard Keynes performed in the 1930s." -- Dissent"A thoroughly persuasive polemic against premature fiscal austerity in the wake of a deep recession." -- Financial Times"[Krugman] makes an urgent, even passionate case that our economic problems are, at root, fairly simple, and we have the knowledge and the tools to solve them." -- Rolling Stone"An important contribution to the current study of economics and a reason for hope that effective solutions will be implemented again." -- Kirkus Reviews
£12.34
WW Norton & Co Courage to Act
Book SynopsisBen S. Bernanke’s rise to chair of the Federal Reserve, the massive financial crisis, and the Fed’s bold and effective response.Trade Review"It was a happy chance that this scholar, known for his work on the Great Depression, was chairman of the central banking system of the US during the biggest financial crisis since the early 1930s. His [Bernanke's] new book, The Courage to Act, provides a fascinating account of the effort to save the world from another such catastrophe." -- Martin Wolf, Lunch with the FT - Financial Times"Bernanke's memoir is a crucial document of record that will be invaluable to future historians. As far as any memoir can be, it is an honest and accurate account. There is no hubris or exaggeration: simply a telling of the tale of the most dramatic period in office of any Fed Chairman to date." -- Mervyn King - Prospect"The former chair has penned a lucid account of the crisis and its aftermath... Mr Bernanke’s narrative of his time in office is a lucid, analytical affair… the book provides a robust defence of the Fed’s response to the crisis. Mr Bernanke clearly sees himself as someone who did what was necessary to save the economy from disaster, in the face of a barrage of unwarranted criticism. The result is a book which compels..." -- The Economist"Bernanke was at the helm of the world's most important central bank during the financial crisis of 2007-08... Here he gives a compelling account of what he and the Federal Reserve did and why they did it... the defence of the Fed against its critics is compelling." -- Best Books of 2015 - Financial Times"It was Ben Bernanke, not Gordon Brown, who steered us through the 2008 financial meltdown...the book's most interesting chapters are those that deal with the crisis...Above all, [Bernanke] exuded calm, even when there was plenty of inner turmoil. The calmness comes over in this book, and so does plenty of the turmoil." -- The Sunday Times
£17.09
Taylor & Francis Ltd The Asian Economy
Book SynopsisThe global financial crisis of 2007-09, and the Great Recession that it engendered, were both a challenge and an opportunity for Asia. The region not only remained unharmed by the global financial crisis initially but also recovered the fastest. In addition, it was also the principal driver of the global recovery.This book analyzes the impact of the global financial crisis and the Great Recession on the Asian economy. Chapters look at the most significant issues related to the Asian economy during the crisis, how it coped with them and how it eventually emerged from them. Dilip K. Das discusses how the Asian economy, particularly the emerging-market economies, spearheaded the recovery of the global economy from the global financial crisis and recession, and goes on to look at how this is of historical significance. Written in a clear, comprehensive and critical manner, this book covers the contemporary academic and policy debates on Asia's role in the world economy. AsTrade Review"Das specifically targets his book at students in business schools and in master’s level programs in fields such as economics and international relations. And the book [...] comes across as using a scope of analyses and methods of presentation that would suit students of these levels, as well as researchers who are looking for a concise, detailed, and data filled analysis of the short-term impact of the crisis on Asia and the responses of Asian states to the crisis [...] Das' book provides a helpful data-filled but not overly mathematical short-term overview of the great recession, its impact on parts of Asia, the policy responses of Asian politicians, and the successes of these responses." - James Parisot, Ph.D., Binghamton University (SUNY), in the Journal of International and Global Studies, 3:2, (April 2012) 'Overall, Dilip K. Das makes a convincing case that the Asian economies, particularly the emerging markets, have played a major role not only in reshaping the global economic landscape, but also in leading the global economy out of recession. The book is well suited for anyone who is interested in studying the global financial crisis and the role of the Asian economies. Targeted for a wide range of readers, the book is neither overly technical nor highly model-oriented.' - Congsheng Wu; JOURNAL OF CHINESE POLITICAL SCIENCE (2013)Table of Contents1. The Global Financial Crisis: The Great Recession and the Recovery 2. The Asian Economic Architecture before the Global Financial Crisis 3. The Global Financial Market Turbulence and Its Impact on the Asian Economy 4. Asian Economy Spearheading the Global Recovery 5. Leadership Role for the Asian Economy in Reshaping the Global Economy 6. The Chinese Economy and the Global Financial Crisis: A Strategic Response
£43.69
Taylor & Francis A History of Financial Crises
Book SynopsisOnce-in-a-lifetime financial crises have been a recurrent part of life in the last three decades. It is no longer possible to dismiss or ignore them as aberrations in an otherwise well-functioning system. Nor are they peculiar to recent times. Going back in history, asset price bubbles and bank-runs have been an endemic feature of the capitalist system over the last four centuries. The historical record offers a treasure trove of experience that may shed light on how and why financial crises happen and what can be done to avoid them - provided we are willing to learn from history.This book interweaves historical accounts with competing economic crisis theories and reveals why commentaries are often contradictory. First, it presents a series of episodes from tulip mania in the 17th century to the subprime mortgage meltdown. In order to tease out their commonalities and differences, it describes political, economic, and social backgrounds, identifies the primary actors and instTable of Contents1. Introduction 2. Tulip Mania 3. The Mississippi Bubble 4. The South Sea Bubble 5. Rationality, Fundamentals, and Prices: First Principles 6. Explaining Asset Price Bubbles and Banking Crises 7. Technological Revolutions and Speculation: 19th-century British Railways and Banks 8. The American Experience I: The Antebellum Era 9. The American Experience II: The Gilded Age 10. The Crash of 1929 11. Mighty Magic of the Market 12. The Conjuration of the Financial Markets 13. The 1980s: Financial Capitalism Unchained 14. The 1990s: The Triumph of Financial Capitalism 15. The Latest Act: Sub-prime Mortgages and Derivatives 16. The Latest Act: The Crash of the 2000s 17. Two Legacies of the Subprime Sinkhole
£58.89
John Wiley & Sons Inc Restoring Financial Stability
Book SynopsisAn insightful look at how to reform our broken financial system The financial crisis that unfolded in September 2008 transformed the United States and world economies. As each day''s headlines brought stories of bank failures and rescues, government policies drawn and redrawn against the backdrop of an historic Presidential election, and solutions that seemed to be discarded almost as soon as they were proposed, a group of thirty-three academics at New York University Stern School of Business began tackling the hard questions behind the headlines. Representing fields of finance, economics, and accounting, these professors-led by Dean Thomas Cooley and Vice Dean Ingo Walter-shaped eighteen independent policy papers that proposed market-focused solutions to the problems within a common framework. In December, with great urgency, they sent hand-bound copies to Washington. Restoring Financial Stability is the culmination of their work. Proposes bold, yTrade Review"In conclusion, this book should be read by every serious observer of the crisis. It is an outstanding contribution." (Lombard Street) "…ably tackles complex issues and covers a wide spectrum of the current debate, including the multiplicity of regulators, the need for international regulatory coordination, transparency, fair value accounting, compensation reform, and the extent to which monetary policy should address systemic asset bubbles." (The Investment Professional) “…the book that best combines history, analysis and prescription is “Restoring Financial Stability”, a series of essays by academics at New York University’s Stern School of Business. The 60-page prologue is packed with telling facts and sophisticated analysis, and alone is worth the steep cover price. The individual chapters deal methodically with the myriad issues raised by the crunch, and the policy changes that will be needed, covering everything from the American mortgage market to the need for international cooperation in regulating finance." (The Economist) "We are always better analysts with a 20/20 hindsight. Indeed, an ex post reading about events leading up to a crisis appears logical, and often leaves one with the question about why the evolution of the crisis could not be seen and corrected in time. Still, policy-makers know that such a review and understanding are important to learning from mistakes. Restoring Financial Stability (Wiley) acts as a catalyst to that understanding by offering a comprehensive sequencing of the causes and progression of the build-up of the financial strains that . . evolved into a full-blown global financial crisis. . . highly recommended even though bankers will remain bankers and will probably figure out ways to beat the new system." (Business Standard) Table of ContentsForeword xi Acknowledgments xiii Prologue: A Bird’s-Eye ViewThe Financial Crisis of 2007–2009: Causes and Remedies 1Viral V. Acharya, Thomas Philippon, Matthew Richardson, and Nouriel Roubini Part One Causes of the Financial Crisis of 2007–2009 57 Matthew Richardson Chapter 1 Mortgage Origination and Securitization in the Financial Crisis 61 Dwight Jaffee, Anthony W. Lynch, Matthew Richardson, and Stijn Van Nieuwerburgh Chapter 2 How Banks Played the Leverage Game 83 Viral V. Acharya and Philipp Schnabl Chapter 3 The Rating Agencies: Is Regulation the Answer? 101 Matthew Richardson and Lawrence J. White Part Two Financial Institutions 117 Matthew Richardson Chapter 4 What to Do about the Government-Sponsored Enterprises? 121 Dwight Jaffee, Matthew Richardson, Stijn Van Nieuwerburgh, Lawrence J. White, and Robert E. Wright Chapter 5 Enhanced Regulation of Large, Complex Financial Institutions 139 Anthony Saunders, Roy C. Smith, and Ingo Walter Chapter 6 Hedge Funds in the Aftermath of the Financial Crisis 157 Stephen J. Brown, Marcin Kacperczyk, Alexander Ljungqvist, Anthony W. Lynch, Lasse H. Pedersen, and Matthew Richardson Part Three Governance, Incentives, and Fair Value Accounting Overview 179 Viral V. Acharya and Rangarajan K. Sundaram Chapter 7 Corporate Governance in the Modern Financial Sector 185 Viral V. Acharya, Jennifer N. Carpenter, Xavier Gabaix, Kose John, Matthew Richardson, Marti G. Subrahmanyam, Rangarajan K. Sundaram, and Eitan Zemel Chapter 8 Rethinking Compensation in Financial Firms 197 Gian Luca Clementi, Thomas F. Cooley, Matthew Richardson, and Ingo Walter Chapter 9 Fair Value Accounting: Policy Issues Raised by the Credit Crunch 215 Stephen G. Ryan Part Four Derivatives, Short Selling, and Transparency 229 Viral V. Acharya Chapter 10 Derivatives: The Ultimate Financial Innovation 233 Viral V. Acharya, Menachem Brenner, Robert F. Engle, Anthony W. Lynch, and Matthew Richardson Chapter 11 Centralized Clearing for Credit Derivatives 251 Viral V. Acharya, Robert F. Engle, Stephen Figlewski, Anthony W. Lynch, and Marti G. Subrahmanyam Chapter 12 Short Selling 269 Menachem Brenner and Marti G. Subrahmanyam Part Five The Role of the Federal Reserve 277 Thomas F. Cooley and Thomas Philippon Chapter 13 Regulating Systemic Risk 283 Viral V. Acharya, Lasse H. Pedersen, Thomas Philippon, and Matthew Richardson Chapter 14 Private Lessons for Public Banking: The Case for Conditionality in LOLR Facilities 305 Viral V. Acharya and David K. Backus Part Six The Bailout 323 Thomas F. Cooley and Thomas Philippon Chapter 15 The Financial Sector Bailout: Sowing the Seeds of the Next Crisis? 327 Viral V. Acharya and Rangarajan K. Sundaram Chapter 16 Mortgages and Households 341 Andrew Caplin and Thomas F. Cooley Chapter 17 Where Should the Bailout Stop? 353 Edward I. Altman and Thomas Philippon Part Seven International Coordination 363 Chapter 18 International Alignment of Financial Sector Regulation 365 Viral V. Acharya, Paul Wachtel, and Ingo Walter About the Authors 377 Index 381
£28.49
John Wiley & Sons Inc Broke
Book SynopsisWhat principled business leaders can do to solve America''s current financial crisis Broke is a startling wake-up call for America and an honest accounting of what our future holds if we don''t take charge and change our country for the better. If the business of America is business, then it''s up to our business leaders to solve the mess we''re in. Broke offers practical, nonpolitical, and nonpartisan solutions that every business leader can implement today for a better tomorrow. Whether you operate a giant corporation or a local small business, you''ll find practical steps to limit future risks, strengthen every business, stabilize the current economy, and help turn the country around. Author John Mumford has spent decades helping business leaders turn around failing companies. Now, he helps them to turn around a failing country. Presents bold initiatives and concrete steps every business leader can use to create a better futuTable of ContentsPreface. Acknowledgments. PART I BUSINESS LEADERSHIP IN TWENTY-FIRST CENTURY AMERICA. Chapter 1 Down a Dark Road. Chapter 2 The Dilemma—Is America Off Course? Chapter 3 Applying Timeless Principles to Business Leadership. Chapter 4 Business Leadership and the Political Process. PART II PRINCIPLED LEADERSHIP AND FINANCIAL STABILITY. Chapter 5 The Vital Role of Business Leaders—Getting Your Enterprise in Top Shape. Chapter 6 Overcoming the Declining Dollar. Chapter 7 Managing Business Debt (So It Doesn't Manage You!). Chapter 8 Avoiding Derivatives and Financial Tsunamis. Chapter 9 Preparing for Inevitable Disasters. Chapter 10 Controlling Inflation's Damage to Business. Chapter 11 Avoiding the Liquidity Traps. Chapter 12 Maintaining Sound Business Pensions. Chapter 13 Business and Our Nation's Financial Stability. PART III MANAGING VITAL RESOURCES. Chapter 14 Water—Business and a New Direction. Chapter 15 Business Solutions to Energy Gridlock. Chapter 16 Environment—Renewal and Redirection. Chapter 17 Infrastructure Renewal—Business Can Lead. PART IV PRINCIPLED BUSINESS LEADERSHIP AND OUR GLOBAL CHALLENGES. Chapter 18 Business and Renewed International Relationships. Chapter 19 Business and the Limits to Empire. Chapter 20 Overcoming Technology Losses. Chapter 21 Limiting the Impact of Terror. Chapter 22 Business Solutions for the Developing World. Chapter 23 Business and International Environmental Resources. PART V BUSINESS: LEADING OR FOLLOWING—THE CHOICE IS OURS. Chapter 24 The Role of Principled Leadership in America's Turnaround. Chapter 25 A Tale of Two Nations—Which Path Will We Choose? Appendix A America's Economic / Business Leadership Failures: 1965 to the Present Appendix B Repaying America's Debt: Staffing the National Service Corps: 2010 to 2030. Appendix C Meeting America's Growing Power Demands. Notes. Bibliography. Index. About the Author.
£17.84
John Wiley & Sons Inc Barbarians of Wealth
Book SynopsisHow the actions of a few in Europe destroyed the prosperity of the many (and how it's happening again now in America) After the fall of the Roman Empire, vicious barbaric tribes including the Hunds lead by Atilla, the Mongols, Charlemagne and the Vikings invaded Europe, plundering property and destroying homes.Table of ContentsForeword ix Acknowledgments xiii Introduction 1 Part One: Great Barbarians of History 7 Chapter 1 Attila the Hun: The Scourge of God 9 Chapter 2 Charlemagne: The Clandestine Barbarian 21 Chapter 3 The Vikings: Savage Pirates, Savvy Traders 33 Chapter 4 Genghis Khan: Mighty Warrior 43 Part Two: Banks: The Barbarians of Money 55 Chapter 5 The Brotherhood of Power 57 Chapter 6 Race to the Bottom Line 77 Chapter 7 Say Goodbye to Gold 97 Chapter 8 The Gatekeepers 117 Chapter 9 Money for Nothing 139 Chapter 10 The Barbarians’ Powerful Ally 161 Part Three: The Barbarians of Wall Street 179 Chapter 11 The Scourge of Wall Street 181 Chapter 12 Epic Tool of Destruction 203 Chapter 13 The Brotherhood of Banks 221 Chapter 14 Wall Street Bloodlines 241 Part Four: Political Barbarians 265 Chapter 15 The Monied-Class Rulers and Demigods 267 Chapter 16 Barbarians in the Lobby 281 Chapter 17 Global Barbarians 297 Part Five: Protection Strategies 311 Chapter 18 Diversification: The Key to Wealth Protection 313 Chapter 19 Precious Metals: Inflation Protection Strategies 323 Chapter 20 Barbarians of Wealth, Castles of Currency 339 Chapter 21 Arm Yourself with Ultra-Resource-Rich Countries 355 Notes 373 About the Authors 413 Index 415
£18.39
The University of Michigan Press Curbing Bailouts
Book SynopsisDo democratic governments and authoritarian regimes respond to banking crises in the same way? Banking crises threaten the stability and growth of economies around the world. This title presents a comparative analysis of late 20th-century banking crises and identifies political regime type as the determining factor.Trade Review"Rosas's compelling theory and wide-ranging empirical evidence yield a persuasive but surprising conclusion in light of the financial meltdown of 2008-9. In the event of banking crises, not only do elected governments treat taxpayers better and force bankers and their creditors to pay more for their mistakes, but bankers in democracies are more prudent as a consequence... essential reading for all interested in the political economy of crisis and in the future of banking regulation." - Philip Keefer, Lead Economist, Development Research Group, The World Bank "Rosas convincingly demonstrates how democratic accountability affects the incidence and resolution of banking crises. Combining formal models, case studies, and cutting-edge quantitative methods, Rosas's book represents a model for political economy research." - William Bernhard, Department of Political Science, University of Illinois"
£60.95
Cambridge University Press Financial Stability Economic Growth and the Role of Law
Book SynopsisThis book examines international and domestic responses to financial crises while providing an agenda for financial development to support economic growth. The volume provides the first comprehensive analysis of the role of law and institutions in financial stability and development.Table of ContentsPart I. Finance and the International Financial Architecture: 1. Law, finance, and development; 2. Financial stability and the international financial architecture; Part II. Foundations of Finance: 3. Preconditions for and institutional underpinnings of finance; 4. Central banking and financial policy; 5. Financial infrastructure; Part III. Financial Regulation and Supervision: 6. Banking: regulation, supervision, and development; 7. Non-bank finance: securities, insurance, pensions, and microfinance; 8. Financial liberalization, financial conglomerates and financial regulatory structure; Part IV. Looking Forward: 9. The international financial architecture; 10. Reforming financial systems.
£38.99
Transworld Publishers Ltd Post Corona
Book SynopsisTHE NEW YORK TIMES BESTSELLERBestselling author of The Four and NYU Business School professor delivers an insightful, urgent analysis of who stands to win and who''s at risk to lose in a post-pandemic world.''Thought-provoking... As good an analysis as you could wish to read.'' FINANCIAL TIMES_______________The Covid-19 outbreak has turned bedrooms into offices, pitted young against old and widened the gaps between rich and poor, red and blue, the mask-wearers and the mask-haters. Some businesses, like Amazon and video conference software maker Zoom, woke up to find themselves crushed under an avalanche of consumer demand. Others, like the restaurant, travel, hospitality and live entertainment industries, scrambled to not become instantly obsolete. But the pandemic has not been a change agent so much as an accelerant of trends that were already well underway.In Post Corona, GallTrade ReviewEntertaining and informative. * The Economist *Fast, fluent and persuasive. For anyone interested in a clear-eyed overview of what is happening now, and what that might mean in future, this is as good an analysis as you could wish to read. * Financial Times *Few are better positioned to illuminate the vagaries of this transformation than Galloway, a tech entrepreneur, author and professor at New York University's Stern School. In brisk prose and catchy illustrations, he vividly demonstrates how the largest technology companies turned the crisis of the pandemic into the market-share-grabbing opportunity of a lifetime. * New York Times *Scott is a genius at engaging an audience in an intelligent, thoughtful, sometimes snarky and often humorous manner. * Huff Post *If there is a blunter, more opinionated, faster-talking expert on the internet than Scott Galloway, I haven't come across him. Or her. * Fortune *
£9.49
Faber & Faber Capital
Book Synopsis** From the author of The Wall **''Effortlessly brilliant . . . hugely moving and outrageously funny.'' Observer''A treat to read.'' The Times''The great London novel of the twenty-first century.'' New Statesman''Brimming with perception, humane empathy and relish . . . a capital achievement.'' Sunday TimesA moving, funny and insightful story of one London street, its inhabitants, and a world-changing event.The residents of Pepys Road, London - a banker and his shopaholic wife, an elderly woman dying of a brain tumour, the Pakistani family who run the local shop, the young football star from Senegal and his minder - all receive anonymous postcards with a simple message: We Want What You Have. Who is behind it? What do they want?As the mystery of the postcards deepens, the world around Pepys Road is turned upside down by the financial crash and a
£10.44
Faber & Faber Red Tory How Left and Right have Broken Britain
Book SynopsisConventional politics is at a crossroads. Amid recession, depression, poverty, increasing violence and rising inequality, our current politics is exhausted and inadequate. In Red Tory, Phillip Blond argues that only a radical new political settlement can tackle the problems we face.Red Toryism combines economic egalitarianism with social conservatism, calling for an end to the monopolisation of society and the private sphere by the state and the market. Decrying the legacy of both the Labour and Conservative parties, Blond proposes a genuinely progressive Conservatism that will restore social equality and revive British culture. He calls for the strengthening of local communities and economies, ending dispossession, redistribution of the tax burden and restoration the nuclear family.Red Tory offers a different vision for our future and asks us to question our long-held political assumptions. No political thinker has aroused more passionate debate in recent times. Phi
£13.49
Faber & Faber The Consolations of Economics
Book SynopsisIn the next twenty years the world economy will enjoy one of its strongest periods of growth.Opportunities, life expectancy, income and educational standards will all rise.The West's share of the global economic cake may get smaller, but there will be more cake than ever before.These are the predictions of Gerard Lyons, a leading international economist who spent nearly thirty years working in the City. Over the last quarter-century he has been ahead of the game in predicting the major economic trends that we now take as a given. In The Consolations of Economics, Gerard Lyons presents a lucid and accessible approach to what is happening in the global economy and what it means. The results are fascinating, refreshing -- and unusually cheering.
£10.44
Harvard University Press Austrian Reconstruction and the Collapse of
Book SynopsisAlthough some statesmen and historians have pinned Austria’s—and the world’s—interwar economic implosion on financial colonialism, in this corrective history Nathan Marcus deemphasizes the negative role of external players and points to the greater impact of domestic malfeasance and predatory speculation on Austrian political and financial decline.
£41.61
Princeton University Press Megadisasters The Science of Predicting the Next
Book SynopsisCan we predict cataclysmic disasters such as earthquakes, volcanic eruptions, or stock market crashes? This book asks why catastrophes such as these catch us by surprise, and reveals the history and groundbreaking science behind efforts to forecast major disasters and minimize their destruction.Trade ReviewOne of Choice's Outstanding Academic Titles for 2010 "He is at his best when discussing matters closest to his own field, celestial mathematics; and he makes a compelling case for developing the means, as the Russians appear to be doing, of batting asteroids out of humanity's ballpark."--Trevor Butterworth, Wall Street Journal "Author and mathematics professor Diacu (Celestial Encounters: The Origins of Chaos and Stability) presents a civilian-friendly guide to methods, like numerical modeling, used to understand, quantify, and possibly predict disasters. Written simply but without being simplistic, Diacu's text is driven by enthusiasm for his field and its potential for solving some of humanity's big problems. In nine chapters, Diacu examines natural disasters--volcanic eruptions, earthquakes, hurricanes and typhoons, tsunamis and floods--but also takes time to examine human-driven disasters: financial collapse, pandemic disease, and climate change. Diacu chronicles the history of each field of prediction clearly and concisely, illustrating how developments in mathematics drove developments in geology, and vice-versa, as well as the unpredictable variables as dictated by 'the monkey in the machine,' chaos theory. A chapter on climate change is particularly insightful and important. Few non-scientists understand how climate models work, but it would dispel a lot of skepticism if they did; Diacu manages it in just seven pages, in language anyone can understand."--Publishers Weekly, starred review "The result is an excellent history of natural disasters and of the science behind understanding and mitigating those disasters. For a who's who of volcanic eruptions, major earthquakes, big hurricanes, asteroid near-hits or historic pandemics, this book is the place to go."--Kristina Bartlett Brody, Science News "Diacu's little histories of predicting eight varieties of disaster are pretty absorbing and informative."--Ray Olson, Booklist "Diacu is a mathematician who uses his professional and outstanding literary skills to provide a remarkable analysis of the 'science' of prediction... In an age where the news media and large sections of society seem to feast on dire predictions and the threat of many 'imminent' disasters, Megadisasters should be required reading for all intelligent human beings."--Choice "Our desire to predict the future is certainly an interesting story that has led to some fascinating work, and it is well described here. Diacu takes us for a good tour of the science behind predictions in areas as diverse as mudslides, financial crashes, epidemics and climate change. And there are also exciting stories, like the one about the first people to fly into the eye of a hurricane."--David Orrell, Literary Review of CanadaTable of ContentsPrologue: Glimpsing the Future xi Chapter 1: Walls of Water: Tsunamis 1 Chapter 2: Land in Upheaval: Earthquakes 21 Chapter 3: Chimneys of Hell: Volcanic Eruptions 42 Chapter 4: Giant Whirlwinds: Hurricanes, Cyclones, and Typhoons 63 Chapter 5: Mutant Seasons: Rapid Climate Change 86 Chapter 6: Earth in Collision: Cosmic Impacts 109 Chapter 7: Economic Breakdown: Financial Crashes 128 Chapter 8: Tiny Killers: Pandemics 149 Chapter 9: Models and Prediction: How Far Can We Go? 168 Acknowledgments 179 Notes 181 Selected Bibliography 189 Index 193
£23.70
