Lessons of the Financial Crisis
xan. de 2009 · CSR (New York, N.Y.) Libro 45 · Council on Foreign Relations
star
1 recensión
Libro electrónico
40
Páxinas
Ferramentas
info
Acerca deste libro electrónico
The story of the financial crisis will be retold endlessly as one of widespread greed, corruption, and incompetence, enabled by a policy agenda dominated by an ideology of deregulation. Yet even if the marketplace had been populated by more ethical and conscientious individuals, and even if their activities had been more carefully scrutinized by regulators, the world would still have wound up with a major boom and bust —such is the power, as history attests, of cheap money.
In Lessons of the Financial Crisis, Benn Steil argues that we are seeing a classic bust of a credit boom created by policies whose combined effects increased the demand for debt to unsustainable levels. U.S. monetary policy, taxation policy, and homeownership promotion policy were so conducive to credit expansion that to lay the blame on regulators who were "asleep at the switch" is dangerously simplistic. The United States in particular, given that it effectively sets monetary and credit conditions for a significant portion of the global economy, needs to put in place policies that can better recognize and curtail an incipient credit boom, and ensure that systemically important financial institutions can withstand its unwinding.
The story of the financial crisis will be retold endlessly as one of widespread greed, corruption, and incompetence, enabled by a policy agenda dominated by an ideology of deregulation. Yet even if the marketplace had been populated by more ethical and conscientious individuals, and even if their...
Descubrir máis
Valoracións e recensións
1 recensión
Acerca do autor
Benn Steil is senior fellow and director of international economics at the Council on Foreign Relations. He is also the founding editor of "International Finance," a top scholarly economics journal, as well as a cofounder and managing member of Efficient Frontiers LLC, a capital markets consultancy.
Benn Steil is senior fellow and director of international economics at the Council on Foreign Relations. He is also the founding editor of "International Finance," a top scholarly economics journal, as well as a cofounder and managing member of Efficient Frontiers LLC, a capital markets consultan...
Valora este libro electrónico
Dános a túa opinión.
Información de lectura
Smartphones e tabletas
Instala a aplicación Google Play Libros para Android e iPad/iPhone. Sincronízase automaticamente coa túa conta e permíteche ler contido en liña ou sen conexión desde calquera lugar.
Portátiles e ordenadores de escritorio
Podes escoitar os audiolibros comprados en Google Play a través do navegador web do ordenador.
Lectores de libros electrónicos e outros dispositivos
Para ler contido en dispositivos de tinta electrónica, como os lectores de libros electrónicos Kobo, é necesario descargar un ficheiro e transferilo ao dispositivo. Sigue as instrucións detalladas do Centro de axuda para transferir ficheiros a lectores electrónicos admitidos.
