The financial crisis of our time / Robert W. Kolb.

Format:

Book

Author/Creator:

Kolb, Robert W., 1949-

Series:

Financial Management Association survey and synthesis series.

Financial Management Association survey and synthesis series

Language:

English

Subjects (All):

Financial crises--United States--History--20th century.

Financial crises.

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

Physical Description:

1 online resource (425 p.)

Edition:

1st ed.

Place of Publication:

Oxford ; New York : Oxford University Press, 2010.

Language Note:

English

Summary:

The Financial Crisis of Our Time investigates the mechanism by which the housing industry came into crisis beginning in 2006. It does not claim this to be the cause of the recent financial crisis--it argues that no single such cause can be identified. It posits that the events leading up to the recent crisis cannot be understood without first comprehending what happened in the housing industry, as residential real estate prices fell, threatened the world's largest and most respected financial institutions beginning in 2007 and confronted the real economy with serious problems and even disaster

Contents:

Contents; Preface; Abbreviations; 1 Introduction: The Financial Crisis of Our Time; 2 From Securitization to Subprime; 3 Before the Deluge; 4 From the Subprime Crisis to Financial Disaster: An Overview; 5 Extinctions; 6 The End of Investment Banking; 7 When Zombies Walk the Earth; 8 Policy Responses and the Beginnings of Recovery; 9 Causes of the Financial Crisis: Macroeconomic Developments and Federal Policy; 10 Causes of the Financial Crisis: The Failure of Prudential Regulation; 11 Causes of the Financial Crisis: From Aspiring Home Owner to Mortgage Lender

12 Causes of the Financial Crisis: From Securitizer to Ultimate Investor13 Causes of the Financial Crisis: Financial Innovation, Poor Risk Management, and Excessive Leverage; 14 Causes of the Financial Crisis: Executive Compensation and Poor Corporate Governance; 15 Consequences of the Financial Crisis and the Future It Leaves Us; Glossary; Appendix A: Timeline of the Subprime Financial Crisis; Appendix B: The Original TARP Proposal: Legislative Proposal for Treasury Authority To Purchase Mortgage-Related Assets; Notes; References; Index

Notes:

Description based upon print version of record.

Description based on print version record.

Includes bibliographical references and index.

ISBN:

1-282-94508-4

9786612945083

0-19-978130-3

OCLC:

695031575