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The first credit market turmoil of the 21st century
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ISBN: 981428047X 9786612761171 128276117X 9814280488 9789814280488 9789814280471 Year: 2009 Publisher: Singapore ; Hackensack, N.J. : World Scientific,

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Abstract

Since the summer of 2007, credit markets in almost all industrial countries have been in substantial turmoil and this has become the focus of intense policy debates. The papers in this volume are contributed by the world's leading financial experts and constitute a thorough examination of the first credit market turmoil of the 21st Century. They provide an overview of the main causes, transmission mechanisms and economic implications of what by now has become a major systemic financial crisis. They assess the most important policy considerations and conclude about how to stabilize financial s


Book
The international financial crisis : have the rules of finance changed?
Authors: --- --- --- --- --- et al.
ISBN: 128314851X 9786613148513 9814322091 9789814322096 9781283148511 9789814322089 9814322083 Year: 2011 Publisher: Singapore ; Hackensack, N.J. : World Scientific Pub. Co.,

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Abstract

The recent global financial crisis has caused massive upheavals worldwide. The papers in this volume analyze whether financial principles seem to have shifted in recent years, and what that may mean for international financial markets and regulation. What 'broke' in the current crisis? Is there no 'playbook' on how to respond to systemic crises? What is the optimal role of the state in dealing with crises? How should asset bubbles be addressed in the future? Do we need a major overhaul of governance in the industry? What means exist to address systemic crises? What reforms are needed? These an

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