"The recent financial crisis was an accident, a 'perfect storm' fueled by an unforeseeable confluence of events that unfortunately combined to bring down the global financial systems. And policy makers? They did everything they could, given their limited authority. It was all a terrible, unavoidable accident. Or at least this is the story told and retold by a chorus of luminaries that includes …
The contributions in this book provide a unique view of its emergence and growth in a number of different national settings in an area of the Third World where the industry is most advanced. The motor vehicle industry has had a dramatic impact on industrialized societies, shaping the structure and productive processes of capitalist economies and defining consumer life styles. The industry's imp…
An insider's account of the workings of the Federal Reserve, thoroughly updated to encompass the Fed's action (and inaction) during the recent financial meltdown. Stephen Axilrod is the ultimate Federal Reserve insider. He worked at the Fed's Board of Governors for more than thirty years and after that in private markets and as a consultant on monetary policy. With Inside the Fed, he offers …
This book is a one-stop-shop reference for risk management practitioners involved in the validation of risk models. It is a comprehensive manual about the tools, techniques and processes to be followed, focused on all the models that are relevant in the capital requirements and supervisory review of large international banks.
"A brief book by an eminent researcher and former central banker urging central bankers to exercise caution and prudence, and to consider that they may not have every answer, when facing economic problems"--OCLC-licensed vendor bibliographic record.
"One of the most influential, and perhaps surprising,developments in environmental policy in recent decades is the idea that we can protect the environment from the negative impacts of economic development by making environmental protection itself more economic. The goal is to reduce environmental harm not by preventing it, but by pricing it. Using stream mitigation banking, that is the market …
"An accessible exploration of the role of mission-driven banks in the future of finance"--OCLC-licensed vendor bibliographic record.
An argument that a rules-based reform of the international monetary system, achieved by applying basic economic theory, would improve economic performance. In this book, the economist John Taylor argues that the apparent correlation of monetary policy decisions among different countries--largely the result of countries' concerns about the exchange rate--causes monetary policy to deviate from ef…
Conference proceedings.Here, experts assess the role of central banks in responding to the recent financial crisis and in preventing future crises. The contributors focus on monetary policy, the new area of macroprudential policy, and issues of exchange rates, capital flows, and banking and financial markets.OCLC-licensed vendor bibliographic record.
Papers presented at a conference cosponored by the Federal Reserve Bank of Chicago and the Bank for International Settlements, held on Oct. 30 to Nov. 1, 2003, at the Federal Reserve Bank of Chicago.Leading academics and policymakers address the theory of market discipline and consider evidence across different industries and countries.The effectiveness of market discipline--the strong built-in…