Slapped by the invisible hand : the panic of 2007 / Gary B. Gorton.

Format:

Book

Author/Creator:

Gorton, Gary.

Series:

Financial Management Association survey and synthesis series.

Financial Management Association survey and synthesis series

Language:

English

Subjects (All):

Banks and banking--United States--History--21st century.

Banks and banking.

Financial crises--United States--History--21st century.

Financial crises.

Physical Description:

1 online resource (232 p.)

Edition:

1st ed.

Place of Publication:

New York : Oxford University Press, 2010.

Language Note:

English

Summary:

Originally written for a conference of the Federal Reserve, Gary Gorton's ""The Panic of 2007"" garnered enormous attention and is considered by many to be the most convincing take on the recent economic meltdown. Now, in Slapped by the Invisible Hand, Gorton builds upon this seminal work, explaining how the securitized banking system, the nexus of financial markets and instruments unknown to most people, stands at the heart of the financial crisis. The securitized banking system is, in fact, a real banking system, allowing institutional investors and firms to make large, short-term deposits.

Contents:

Contents; 1 Introduction; 2 Slapped in the Face by the Invisible Hand: Banking and the Panic of 2007; 3 The Panic of 2007, Part 1; 4 The Panic of 2007, Part 2; 5 Bank Regulation When "Banks" and "Banking" Are Not the Same; 6 A Note to Those Reading This in 2107; Notes; References; Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on metadata supplied by the publisher and other sources.

ISBN:

0-19-977951-1

1-282-40284-6

9786612402845

0-19-974211-1

OCLC:

536309526