Across the great divide : new perspectives on the financial crisis / edited by Martin Neil Baily and John B. Taylor.

Format:

Book

Contributor:

Baily, Martin Neil, editor.

Taylor, John B., editor.

Hoover Institution on War, Revolution, and Peace, issuing body.

Brookings Institution, issuing body.

Series:

Hoover Institution Press Publication Across the great divide

Language:

English

Subjects (All):

Global Financial Crisis, 2008-2009.

Financial crises--United States.

Financial crises.

Banks and banking--State supervision--United States.

Banks and banking.

Bank failures--United States.

Bank failures.

Monetary policy--United States.

Monetary policy.

United States.

Global Financial Crisis (2008-2009).

Physical Description:

1 online resource (417 p.)

Edition:

1st ed.

Place of Publication:

Stanford, California : Hoover Institution Press, 2014.

Language Note:

English

Summary:

The financial crisis of 2008 devastated the American economy and caused U.S. policymakers to rethink their approaches to major financial crises. More than five years have passed since the collapse of Lehman Brothers, but questions still persist about the best ways to avoid and respond to future financial crises. In Across the Great Divide, a copublication with Brookings Institution, contributing economic and legal scholars from academia, industry, and government analyze the financial crisis of 2008, from its causes and effects on the U.S. economy to the way ahead. The expert contributors consi

Contents:

Front Cover; Title Page; Half Title; Copyright; Contents; Introduction - Martin Neil Baily and John B. Taylor; Part I: Causes and Effects of the Financial Crisis; Chapter 1: How Efforts to Avoid Past Mistakes Created New Ones: Some Lessons from the Causes andConsequences of the Recent Financial Crisis - Sheila C. Bair and Ricardo R. Delfin; Chapter 2: Low Equilibrium, Real Rates, Financial Crisis, and Secular Stagnation - Lawrence H. Summers; Chapter 3: Causes of the Financial Crisis and the Slow Recovery: A Ten- Year Perspective - John B. Taylor

Chapter 4: Rethinking Macro: Reassessing Micro-foundations - Kevin M. WarshPart II: The Federal Reserve's Role; Chapter 5: The Federal Reserve Policy, Before,During, and After the Fall - Alan S. Blinder; Chapter 6: The Federal Reserve's Role: Actions Before, During, and After the 2008 Panic in the Historical Context of the Great Contraction - Michael D. Bordo; Chapter 7: Mistakes Made and Lesson (Being) Learned: Implications for the Fed's Mandate - Peter R. Fisher; Chapter 8: A Slow Recovery with Low Inflation - Allan H. Meltzer

Part III: Is Too Big to Fail Over? Are We Ready for the Next Crisis?Chapter 9: How Is the System Safer? What More Is Needed? - Martin Neil Baily and Douglas J. Elliott; Chapter 10: Toward a Run- free Financial System - John H. Cochrane; Chapter 11: Financial Market Infrastructure: Too Important to Fail - Darrell Duffie; Chapter 12: "Too Big to Fail" from an Economic Perspective - Steve Strongin; Part IV: Bankruptcy, Bailout, Resolution; Chapter 13: Framing the TBTF Problem: The Path to a Solution - Randall D. Guynn; Chapter 14: Designing a Better Bankruptcy Resolution - Kenneth E. Scott

Chapter 15: Single Point of Entry and the Bankruptcy Alternative - David A. Skeel Jr.Chapter 16: We Need Chapter 14-And We Need Title II - Michael S. Helfer; Remarks on Key Issues Facing Financial Institutions - Paul Saltzman; Concluding Remarks - George P. Shultz; Summary of the Commentary - Simon Hilpert; Glossary; Contributors; Index

Notes:

Description based upon print version of record.

Includes bibliographical references at the end of each chapters and index.

Description based on online resource; title from PDF title page (ebrary, viewed December 12, 2014).

ISBN:

9780817917869

0817917861

9780817917845

0817917845

9780817917883

0817917888

OCLC:

896800103