A new era in banking

the landscape after the batlle

The financial crisis that began in 2007 triggered a break with banking practices of the past. Even as the crisis occurred, a broader set of economic, geopolitical, and technological forces were already reshaping the financial industry's transition from the twentieth to the twenty-first century ...

Accounting conservatism in spanish banks and the drop in the supply of loans during the financial crisis

El reconocimiento tardío de las pérdidas por deterioro en el valor de los activos es considerado por muchos como uno de los factores determinantes de la crisis financiera desencadenada tras el hundimiento del banco norteamericano Lehman Brothers. Se acusa al sistema de información contable de ...

La reforma progresista del sistema financiero

un banco ciudadano de depósitos y una tasa sobre el casino financiero

La crisis financiera de 2008 demostró la nocividad de un sistema financiero desregulado y desbocado. Aunque, ante esta situación, se esperaban soluciones ambiciosas, el silencio al respecto y la claudicación de la política ante los bancos y los mercados la han transformado en una crisis ...

Guardians of finance

making regulators work for US

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. Or at least this is the story told and retold by a chorus of luminaries that includes Timothy ...

Gentlemen bankers

the world of J.P. Morgan

Gentlemen Bankers focuses on the social and economic circles of one of America s most renowned and influential financiers, J. P. Morgan, to tell a closely focused story of how economic and political interests intersected with personal rivalries and friendships among the Wall Street aristocracy ...

The Status Quo crisis

global financial governance after the 2008 Meltdown

The 2008 financial crisis was the worst since the Great Depression and many voices argued that it would transform global financial governance. Analysts anticipated a <"Bretton Woods moment>", referring to the 1944 conference that established the postwar international financial order. Widespread expectations of change were then reinforced by ...

The shifts and the shocks

what we’ve Learned-and have still to Learn-from the financial crisis

We have been inundated with books about the “financial crisis.” Surely, there is little more to be said. Martin Wolf agrees. In fact, he argues, too much has been said about the purely financial aspects of the crisis, important though they are. The underlying problem ...

Nunca dejes que una crisis te gane la partida

¿cómo ha conseguido el neoliberalismo, responsable de la crisis, salir indemne de la misma?

La crisis económica que hemos padecido estos últimos años ha causado estragos entre las clases medias y bajas, y ha disparado los índices de desigualdad. No obstante, no se ha hecho nada para evitar que en un futuro las causas que nos llevaron a la ...

The system worked

how the world stopped another great depression

Global governance institutions, from the International Monetary Fund to the International Olympic Committee, are little loved. They are perceived as bastions of sclerotic mediocrity at best and outright corruption at worst, and this perception is generally not far off the mark. In the wake of ...

Monetary policy operations and the financial system

Since 2007, central banks of industrialized countries have counteracted financial instability, recession, and deflationary risks with unprecedented monetary policy operations. While generally regarded as successful, these measures also led to an exceptional increase in the size of central bank balance sheets. The book first introduces ...

Money and tough love

inside the IMF

In "Money and Tough Love" Liaquat Ahamed offers brilliant insight into the heart of one the world's most influential institutions. At turns factual and informative, and others emotive and anecdotal, Ahamed joins in on the IMF's world missions to Washington, Tokyo, and Dublin ...

International finance regulation

the quest for financial stability

As the global market expands, the need for international regulation becomes urgent Since World War II, financial crises have been the result of macroeconomic instability until the fatidic week end of September 15 2008, when Lehman Brothers filed for bankruptcy. The financial system had become ...

Rethinking housing bubbles

the role of household and bank balance sheets in modeling economic cycles

In this highly original piece of work, Steven D. Gjerstad and Nobel Laureate Vernon L. Smith analyze the role of housing and its associated mortgage financing as a key element of economic cycles. The authors combine data from both laboratory and real markets to provide ...

The Euro trap

on bursting bubbles, budgets, and beliefs

This book offers a critical assessment of the history of the euro, its crisis, and the rescue measures taken by the European Central Bank and the community of states. The euro induced huge capital flows from the northern to the southern countries of the Eurozone ...

Los amos del mundo

las armas del terrorismo financiero

La concentración de poder económico ha dado a la banca internacional y a las grandes corporaciones la posibilidad de controlar los mecanismos de la economía en beneficio propio, convirtiéndola en un casino especulativo en donde desarrollan instrumentos financieros muy sofisticados con los que practican la ...

The watchdog that didn't bark

the financial crisis and the disappearance of investigative journalism

In this sweeping, incisive post mortem, Dean Starkman exposes the critical shortcomings that softened coverage in the business press during the mortgage era and the years leading up to the financial collapse of 2008. He locates the roots of the problem in the origin of ...

Europe and the governance of global finance

The European Union (EU) has emerged as a central actor in financial governance. Hardly any corner of European financial markets remains untouched by EU rules, and key regulatory competences have been shifted from national authorities to supranational ones. At the same time, the global context ...

House of debt

how they (and you) caused the Great Recession, and how we can prevent it from happening again

The Great American Recession resulted in the loss of eight million jobs between 2007 and 2009. More than four million homes were lost to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the ...

The financial crisis and federal reserve policy

Written for the motivated non-specialist, this fully revised and updated edition of The Financial Crisis and Federal Reserve Policy provides the most accurate and thorough coverage available of the causes and consequences of the 2008 Financial Crisis, examining the role the Federal Reserve played in ...

¡Vended vuestras islas, griegos arruinados!

«Los griegos han vivido por encima de sus posibilidades»; «los griegos tienen demasiados festivos»; «los griegos son unos vagos». '¡Vended vuestras islas, griegos arruinados!' es un breve ensayo que desmiente con datos los mitos populistas del gobierno alemán y de la prensa sensacionalista germana contra ...