Descripciones mejoradas de Syndetics:

An insightful look at how to reform our broken financial system

The financial crisis that unfolded in September 2008 transformed the United States and world economies. As each day's headlines brought stories of bank failures and rescues, government policies drawn and redrawn against the backdrop of an historic Presidential election, and solutions that seemed to be discarded almost as soon as they were proposed, a group of thirty-three academics at New York University Stern School of Business began tackling the hard questions behind the headlines. Representing fields of finance, economics, and accounting, these professors-led by Dean Thomas Cooley and Vice Dean Ingo Walter-shaped eighteen independent policy papers that proposed market-focused solutions to the problems within a common framework. In December, with great urgency, they sent hand-bound copies to Washington. Restoring Financial Stability is the culmination of their work.

Proposes bold, yet principled approaches-including financial policy alternatives and specific courses of action-to deal with this unprecedented, systemic financial crisis Created by the contributions of various academics from New York University's Stern School of Business Provides important perspectives on both the causes of the global financial crisis as well as proposed solutions to ensure it doesn't happen again Contains detailed evaluations and analyses covering many spectrums of the marketplace

Edited by Matthew Richardson and Viral Acharya, this reliable resource brings together the best thinking of finance and economics from the faculty of one of the top universities in world.

Tabla de contenidos provista por Syndetics

• Foreword(p. xi)
• Acknowledgments(p. xiii)
• Prologue: A Bird's-Eye View The Financial Crisis of 2007-2009: Causes and Remedies(p. 1)
• Part 1 Causes of the Financial Crisis of 2007-2009(p. 57)
• Chapter 1 Mortgage Origination and Securitization in the Financial Crisis(p. 61)
• Chapter 2 How Banks Played the Leverage Game(p. 83)
• Chapter 3 The Rating Agencies: Is Regulation the Answer?(p. 101)
• Part 2 Financial Institutions(p. 117)
• Chapter 4 What to Do about the Government-Sponsored Enterprises?(p. 121)
• Chapter 5 Enhanced Regulation of Large, Complex Financial Institutions(p. 139)
• Chapter 6 Hedge Funds in the Aftermath of the Financial Crisis(p. 157)
• Part 3 Governance, Incentives, and Fair Value Accounting Overview(p. 179)
• Chapter 7 Corporate Governance in the Modern Financial Sector(p. 185)
• Chapter 8 Rethinking Compensation in Financial Firms(p. 197)
• Chapter 9 Fair Value Accounting: Policy Issues Raised by the Credit Crunch(p. 215)
• Part 4 Derivatives, Short Selling, and Transparency(p. 229)
• Chapter 10 Derivatives: The Ultimate Financial Innovation(p. 233)
• Chapter 11 Centralized Clearing for Credit Derivatives(p. 251)
• Chapter 12 Short Selling(p. 269)
• Part 5 The Role of the Federal Reserve(p. 277)
• Chapter 13 Regulating Systemic Risk(p. 283)
• Chapter 14 Private Lessons for Public Banking: The Case for Conditionality in LOLR Facilities(p. 305)
• Part 6 The Bailout(p. 323)
• Chapter 15 The Financial Sector Bailout: Sowing the Seeds of the Next Crisis?(p. 327)
• Chapter 16 Mortgages and Households(p. 341)
• Chapter 17 Where Should the Bailout Stop?(p. 353)
• Part 7 International Coordination(p. 363)
• Chapter 18 International Alignment of Financial Sector Regulation(p. 365)
• About the Authors(p. 377)
• Index(p. 381)

Notas de autor provistas por Syndetics

VIRAL V. ACHARYA is Professor of Finance at New York University Stern School of Business and London Business School. He is Academic Advisor to the Federal Reserve Banks of New York and Philadelphia and Academic Director of the Coller Institute of Private Equity. Professor Acharya earned a Bachelor of Technology in computer science and engineering from the Indian Institute of Technology, Mumbai, and a PhD in finance from NYU Stern. He lives in New York City with his wife and son.

MATTHEW RICHARDSON is the Charles E. Simon Professor of Financial Economics and the Sidney Homer Director of the Salomon Center for the Study of Financial Institutions at New York University Stern School of Business. Professor Richardson received his PhD in finance from Stanford University and his MA and BA in economics concurrently from the University of California at Los Angeles. He lives in New York City with his wife and three children.