Shadow networks : financial disorder and the system that caused crisis / Francisco Louc̦ã and Michael Ash.

Format:

Book

Author/Creator:

Louçã, Francisco, author.

Ash, Michael (Professor of economics), author.

Language:

English

Subjects (All):

Financial crises.

Business cycles.

Physical Description:

401 pages ; 25 cm

Place of Publication:

Oxford, United Kingdom : Oxford University Press, 2018.

Summary:

Many accounts of the financial crisis focus on renegade activity in marginal financial sectors. This book argues that far from this pervading view the shadow finance that initiated the crisis is tightly networked with bank-based finance. It traces these networks to explain how the now decade-long crisis took shape.

Contents:

I The World Of Shadow Finance

1 Greed and the Adventures of Homo economicus p. 17

2 Shadows in Times of Crash p. 30

3 The Whole Alphabet Soup p. 51

Appendix A The Realm of Shadow Finance: How and How Much p. 65

II Who Decides? Deregulation And Deregulators

4 Big Business and Family Business p. 83

5 The Liberalizers: Justifying Free-Market Finance p. 104

6 Deeds and Doctrines of the Central Bankers p. 122

Appendix B Skeptics and Critics vs. True Believers p. 147

III Plutocracy And Oligarchy

7 Consensus by Schooling and Power: The Indoctrination of the Elites p. 171

8 The Revolving Door p. 208

IV The Web Of Power

9 The Wild Side of the Street p. 245

10 Capital Controls: The Emergency Brakes p. 267

Appendix C Can the Institutions Be Trusted? p. 279

V The World We Live In

11 A Long Stagnation, or Capitalism without Growth p. 297

12 China, A New Global Player p. 315

13 The Shadow Society and Its Fictitious Capital p. 329.

Notes:

Includes bibliographical references and index.

ISBN:

0198828217

9780198828211

OCLC:

1022775765