After the flood : how the great recession changed economic thought / Edward L. Glaeser, E. Glen Weyl, Tano Santos.

Format:

Book

Contributor:

Glaeser, Edward L., editor.

Santos, Tano, editor.

Weyl, E. Glen, editor.

Columbia University. Graduate School of Business, host institution.

Language:

English

Subjects (All):

Financial crises--Congresses.

Financial crises.

Financial crises--Prevention--Congresses.

Banks and banking--Congresses.

Banks and banking.

Capital assets pricing model--Congresses.

Capital assets pricing model.

Physical Description:

1 online resource (320 pages) : illustrations

Place of Publication:

Chicago : University of Chicago Press, [2017]

Language Note:

In English.

Summary:

The past three decades have been characterized by vast change and crises in global financial markets-and not in politically unstable countries but in the heart of the developed world, from the Great Recession in the United States to the banking crises in Japan and the Eurozone. As we try to make sense of what caused these crises and how we might reduce risk factors and prevent recurrence, the fields of finance and economics have also seen vast change, as scholars and researchers have advanced their thinking to better respond to the recent crises. A momentous collection of the best recent scholarship, After the Flood illustrates both the scope of the crises' impact on our understanding of global financial markets and the innovative processes whereby scholars have adapted their research to gain a greater understanding of them. Among the contributors are José Scheinkman and Lars Peter Hansen, who bring up to date decades of collaborative research on the mechanisms that tie financial markets to the broader economy; Patrick Bolton, who argues that limiting bankers' pay may be more effective than limiting the activities they can undertake; Edward Glaeser and Bruce Sacerdote, who study the social dynamics of markets; and E. Glen Weyl, who argues that economists are influenced by the incentives their consulting opportunities create.

Contents:

Frontmatter

Contents

Chapter 1. Introduction / Glaeser, Edward L. / Santos, Tano / Weyl, E. Glen

Chapter 2. Stochastic Compounding and Uncertain Valuation / Hansen, Lars Peter / Scheinkman, José A.

Chapter 3. The Good Banker / Bolton, Patrick

Chapter 4. How to Implement Contingent Capital / Kyle, Albert S.

Chapter 5. Bankruptcy Laws and Collateral Regulation: Reflections after the Crisis / Araujo, Aloisio / Ferreira, Rafael / Funchal, Bruno

Chapter 6. Antes del Diluvio: The Spanish Banking System in the First Decade of the Euro / Santos, Tano

Chapter 7. Are Commodity Futures Prices Barometers of the Global Economy? / Hu, Conghui / Xiong, Wei

Chapter 8. Social Learning, Credulous Bayesians, and Aggregation Reversals / Glaeser, Edward L. / Sacerdote, Bruce

Chapter 9. Finance and the Common Good / Weyl, E. Glen

Acknowledgments

Contributors

Index

Notes:

Previously issued in print: 2017.

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

Description based on online resource; title from PDF title page (publisher's Web site, viewed 22. Okt 2019)

Other Format:

Print version :

OCLC:

979417600