Restoring financial stability: how to repair a failed system

The obvious causes of the current market meltdown and credit crisis have beenmuch discussed and analyzed from the perspective of a real estate bubble and lending deterioration. However, underlying the mania and its subsequent panic lay fundamental and structural market problems that will persist (and potentially worsen) if not addressed. No group has put as much analysis and thought into the underlying problems as 32 renowned academics at the New York UniversityStern School of Business. Objective, independent, and data and analysis driven, this book presents a blueprint to repairing the financial markets architecture and addresses regulation, government sponsored enterprises, enhanced regulation of complex financial institutions, hedge funds, corporate governance, compensation, fair value accounting, derivatives, centralized clearing, short selling, systemic risk, public banking, the bail out and where it should begin and stop, and international alignment of finance sector regulation. Important contributions by some of the most sought out thinkers of the day including Viral Acharya, Ed Altman, David Backus, Menachem Brenner, Stephen Brown, Jennifer Carpenter, Thomas Cooley, Robert Engle, Stephen Figlewski, Xavier Gabaix, KoseJohn, Marcin Kacperczyk, Alexander Ljungqvist, Anthony Lynch, Lasse Pedersen,Thomas Philippon, Matthew Richardson, Nouriel Roubini, Stephen Ryan, Anthony Saunders, Philipp Schnabl, Roy Smith, Marti Subrahmanyam, Rangarajan Sundaram,Stijn Van Nieuwerburgh, Paul Wachtel, Ingo Walter, Lawrence White, Robert Wright, and Eitan Zemel with additional contributions from Andrew Caplin and Dwight Jaffee.

• ISBN: 978-0-470-49934-4
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 416
• Fecha Publicación: 02/04/2009
• Nº Volúmenes: 1
• Idioma: Inglés