| Description |
1 online resource |
| Contents |
Series; Titlepage; Copyright; Dedication; Chronology; Preface; Introduction; PART ONE A Flight through Financial Market History-Freedom and Fraud; CHAPTER 1 The First Few Millennia; CHAPTER 2 The Bank of England and the Scottish Enlightenment; CHAPTER 3 U.S. Banking from the Colonial Period to 1865; CHAPTER 4 Bagehot's Dictum (a.k.a. the Greenspan Put); Note; CHAPTER 5 U.S. Financial Markets from 1865 to the Great Depression; CHAPTER 6 Depression, War, and the Aftermath-Reflecting on Finance from 1929 to 1973; CHAPTER 7 Early Deregulation: The Transactions That Replaced Depression-Era Thrifts |
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CHAPTER 8 Riskless Arbitrage-Stand-Alone Collateralized Mortgage Obligations (CMOs)Economic Experiments: From Vietnam to the S & L Crisis; Penn Square Bank and the Participation Problem; The Repurchase Game; Unconsolidated Finance Affiliates of Manufacturers and Homebuilders; The Rise of CMO Bonds Issued by Homebuilders; Notes; CHAPTER 9 Paradise Gained, Lost, Regained, and Destroyed (1992 to 2008); Equilibrium Achieved-Just in Time; 1998: When the SEC Destroyed a Wondrous Machine; The Build-Up to Disaster (2001 to 2007); Enlightenment Ignored-Result: Armageddon (2007 to 2009) |
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Twenty Events That Led to BankruptcyNotes; CHAPTER 10 Resurrection, Recovery, and Reform (2008 to 2014); Bernanke Speech in DC (Chart 9.1, Event 21); Euro Debt Crisis (Chart 9.1, Event 23); GOP Wins House (Chart 9.1, Event 24); New Stimulus Agreement (Chart 9.1, Event 25); Debt Ceiling Crisis (Chart 9.1, Event 26); Death of Osama bin Laden (Chart 9.1, Event 27); Greek Budget Restraints (Chart 9.1, Event 28); Tea Party Uprising (Chart 9.1, Event 29); Bernanke Speech at Jackson Hole (Chart 9.1, Event 32); Fed Acts Despite GOP Threats (Chart 9.1, Event 33) |
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Tea Party Extortion (Chart 9.1, Event 34)CHAPTER 11 Different Circumstances Require Different Solutions; PART TWO The Theory of Financial Stability; CHAPTER 12 Statement: Rule of Law + Freedom + Transparency ₂!Equilibrium; CHAPTER 13 Saying versus Doing; PART THREE Proofs of the Theory of Financial Stability; CHAPTER 14 Mathematics: (1 + i)x> (E = mc 2); Note; CHAPTER 15 Law: Incomplete Sale a"Secured Borrowing; CHAPTER 16 Economics: Savings a"Investment; CHAPTER 17 Accounting: Assets a"Liabilities + Capital |
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CHAPTER 18 International Trade: Current Account Deficit a"Capital Investment -- Domestic SavingsNote; CHAPTER 19 Philosophy: Benevolence> Self Interest> Fraud; PART FOUR The Future; CHAPTER 20 Achieving Wisdom While Avoiding the Mistakes of Experience; CHAPTER 21 Capital Needs; CHAPTER 22 Sources of Capital; CHAPTER 23 Managing the Water Balloon; CHAPTER 24 Balancing the Bubbles; Epilogue Truth and Consequences; Appendix Six Legal Isolation Requirements; True Sale Opinion and Non-consolidation Opinion; Qualifications, Limitations, or Disclaimers Included In an Attorney's Opinion; Notes |
| Summary |
"Financial Stability describes the economic, political and legal antecedents of financial crises in the western market economies. By describing how these events developed in the past and how the markets can be used to gauge the threat of future contagion, the book provides a roadmap for how we can avoid financial disruptions and thereby maximize financial stability and economic prosperity. The book will explain: Measuring moral hazard in the future Political reaction to past financial crises Economics, accounting, law, and mathematics surrounding financial stability Sources of capital and capital needFinancial Stability provides investment professionals, policy makers and members of the public with new insights into the workings of the financial markets and the political economy in which we all live and work"-- Provided by publisher |
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"Describes the economic, political and legal antecedents of financial crises in the western market economies. By describing how these events developed in the past and how the markets can be used to gauge the threat of future contagion, the book provides a roadmap for how we can avoid financial disruptions and thereby maximize financial stability and economic prosperity"-- Provided by publisher |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record and CIP data provided by publisher |
| Subject |
Financial crises -- History
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Economic security -- History
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Fiscal policy -- History
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Finance -- History
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BUSINESS & ECONOMICS -- Finance.
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BUSINESS & ECONOMICS -- Economic Conditions.
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Economic security
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Finance
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Financial crises
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Fiscal policy
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| Genre/Form |
Electronic books
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History
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| Form |
Electronic book
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| Author |
Whalen, R. Christopher, 1959-
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| LC no. |
2014027073 |
| ISBN |
9781118935811 |
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1118935810 |
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9781118935804 |
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1118935802 |
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1118935799 |
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9781118935798 |
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