Lessons from the financial crisis : causes, consequences, and our economic future /: causes, consequences, and our economic future. (©2010)

• Record Type: Book
• Further Information: Note: [edited] by Robert W. Kolb.
• Other Names: Kolb, Robert W, 1949-
• Contents: Front Matter -- Overview of the Crisis. Leverage and Liberal Democracy / George Bragues -- A Property Economics Explanation of the Global Financial Crisis / Gunnar Heinsohn, Frank Decker -- Of Subprimes and Sundry Symptoms: The Political Economy of the Financial Crisis / Ashok Bardhan -- The Political Economy of the Financial Crisis of 2008 / Roger D Congleton -- The Global Financial Crisis of 2008: What Went Wrong? / Hershey H Friedman, Linda Weiser Friedman -- The Roots of the Crisis and How to Bring It to a Close / James K Galbraith -- Enron Rerun: The Credit Crisis in Three Easy Pieces / Jonathan C Lipson -- The Global Crisis and Its Origins / Peter L Swan -- Four Paradoxes of the 2008₆2009 Economic and Financial Crisis / John E Marthinsen -- Understanding the Subprime Financial Crisis / Steven L Schwarcz -- Causes and Consequences of the Financial Crisis. The Origins of the Financial Crisis / Martin N Baily, Robert E Litan, Matthew S Johnson -- Ten Myths About Subprime Mortgages / Yuliya Demyanyk -- The Financial Crisis: How Did We Get Here and Where Do We Go Next? New Evidence on How the Crisis Spread Among Financial Institutions / James R Barth, Tong Li, Lu Wenling, Glenn H Yago -- A Decade of Living Dangerously: The Causes and Consequences of the Mortgage, Financial, and Economic Crises / Jon A Garfinkel, Jarjisu Sa-Aadu -- Making Sense of the Subprime Crisis / Kristopher S Gerardi, Andreas Lehnert, Shane M Sherlund, Paul Willen -- Miraculous Financial Engineering Or Legacy Assets? / Ivo Pezzuto -- The Making and Ending of the Financial Crisis of 2007₆2009 / Austin Murphy -- The Subprime Mortgage Problem: Causes and Likely Cure / Ronald D Utt -- Sequence of Asset Bubbles and the Global Financial Crisis / Abol Jalilvand, A G (Tassos) Malliaris -- Borrowers. The Past, Present, and Future of Subprime Mortgages / Shane M Sherlund -- Fha Loans and Policy Responses to Credit Availability / Marsha Courchane, Rajeev Darolia, Peter Zorn -- The Single-Family Mortgage Industry in the Internet Era: Technology Developments and Market Structure / Forrest Pafenberg -- Speed Kills? Mortgage Credit Boom and the Crisis / Giovanni Dell'ariccia, Deniz Igan, Luc Laeven -- Subprime Mortgages: What We have Learned from a New Class of Homeowners / Todd J Zywicki, Satya Thallam -- Rating Agencies: Facilitators of Predatory Lending in the Subprime Market / David J Reiss -- the Process of Securitization. A Primer on the Role of Securitization in the Credit Market Crisis of 2007 / John D Martin -- Incentives in the Originate-to-Distribute Model of Mortgage Production / Robert W Kolb -- Did Securitization Lead to Lax Screening? Evidence from Subprime Loans / Benjamin J Keys, Tanmoy Mukherjee, Amit Seru, Vikrant Vig -- Tumbling Tower of Babel: Subprime Securitization and the Credit Crisis / Bruce I Jacobs -- The Incentives of Mortgage Servicers and Designing Loan Modifications to Address the Mortgage Crisis / Larry Cordell, Karen Dynan, Andreas Lehnert, Nellie Liang, Eileen Mauskopf -- The Contribution of Structured Finance to the Financial Crisis: An Introductory Overview / Adrian ARJM Van Rixtel, Sarai Criado -- Problematic Practices of Credit Rating Agencies: The Neglected Risks of Mortgage-Backed Securities / Phil Hosp -- Did Asset Complexity Trigger Ratings Bias? / Vasiliki Skreta, Laura Veldkamp -- The Pitfalls of Originate-to-Distribute in Bank Lending / Antje Berndt, Anurag Gupta -- Risk Management and Mismanagement. Behavioral Basis of the Financial Crisis / J V Rizzi -- Risk Management Failures During the Financial Crisis / Michel Crouhy -- The Outsourcing of Financial Regulation to Risk Models / Erik F Gerding -- The Future of Risk Modeling / Elizabeth Sheedy -- What Happened to Risk Management During the 2008₆2009 Financial Crisis? / Michael Mcaleer, Teodosio P̌rez-Amaral, Juan-Angel Jim̌nez-Martin -- Risk Management Lessons from the Global Financial Crisis for Derivative Exchanges / JAYANTH VARMA -- the Problem of Regulation. Regulation and Financial Stability in the Age of Turbulence / David S Bieri -- The Financial Crisis of 2007₆2009: Missing Financial Regulation Or Absentee Regulators? / George G Kaufman, A G Malliaris -- The Demise of the United Kingdom's Northern Rock and Large U.S. Financial Institutions: Public Policy Lessons / Robert A Eisenbeis, GEORGE G KAUFMAN -- Why Securities Regulation Failed to Prevent the Cdo Meltdown / Richard E Mendales -- Curbing Optimism in Managerial Estimates Through Transparent Accounting: The Case of Securitizations / Stephen Bryan, Steven Lilien, Bharat Sarath -- Basel II Put on Trial: What Role in the Financial Crisis? / Francesco Cannata, Mario Quagliariello -- Credit Rating Organizations, Their Role in the Current Calamity, and Future Prospects for Reform / Thomas J Fitzpatrick, Chris Sagers -- Global Regulation for Global Markets? / Michael W Taylor, Douglas W Arner -- Financial Regulation, Behavioral Finance, and the Global Financial Crisis: In Search of a New Regulatory Model / Emilios Avgouleas -- Institutional Failures. Why Financial Conglomerates Are at the Center of the Financial Crisis / Arthur E Wilmarth -- Corporate Governance and the Financial Crisis: A Case Study from the S & P 500 / Brian R Cheffins -- Secondary-Management Conflicts / Steven L Schwarcz -- The Financial Crisis and the Systemic Failure of Academic Economics / David Colander, Michael Goldberg, Armin Haas, Alan Kirman, Katarina Juselius, Brigitte Sloth, Thomas Lux -- Fannie Mae and Freddie Mac: Privatizing Profit and Socializing Loss / David Reiss -- Disclosure's Failure in the Subprime Mortgage Crisis / Steven L Schwarcz -- the Federal Reserve, Monetary Policy, and the Financial Crisis. Federal Reserve Policy and the Housing Bubble / Lawrence H White -- The Greenspan and Bernanke Federal Reserve Roles in the Financial Crisis / John Ryan -- The Risk Management Approach to Monetary Policy: Lessons from the Financial Crisis of 2007₆2009 / Marc D Hayford, A G Malliaris -- Reawakening the Inflationary Monster: U.S. Monetary Policy and the Federal Reserve / Kevin Dowd, Martin Hutchinson -- The Transformation of the Federal Reserve System Balance Sheet and Its Implications / Peter Stella -- Implications of the Crisis for Our Economic Systems. Systemic Risk and Markets / Steven L Schwarcz -- The Transmission of Liquidity Shocks During the Crisis: Ongoing Research into the Transmission of Liquidity Shock Suggests the Emergence of a Range of New Channels During the Credit Crisis / Nathaniel Frank, Brenda Gonz̀lez-Hermosillo, Heiko Hesse -- Credit Contagion from Counterparty Risk / Philippe Jorion, Gaiyan Zhang -- International Dimensions of the Financial Crisis. Only in America? When Housing Boom Turns to Bust / Luci Ellis -- The Equity Risk Premium Amid a Global Financial Crisis / John R Graham, Campbell R Harvey -- Australia's Experience in the Global Financial Crisis / Christine Brown, Kevin Davis -- Collapse of a Financial System: An Icelandic Saga / Tryggvi Thor Herbertsson -- Iceland's Banking Sector and the Political Economy of Crisis / James A H S Hine, Ian Ashman -- The Subprime Crisis: Implications for Emerging Markets / William B Gwinner, Anthony B Sanders -- Financial Solutions and Our Economic Future. The Long-Term Cost of the Financial Crisis / Murillo Campello, John R Graham, Campbell R Harvey -- Coping with the Financial Crisis: Illiquidity and the Role of Government Intervention / Bastian Breitenfellner, Niklas Wagner -- Fiscal Policy for the Crisis / Antonio Spilimbergo, Steven Symansky, Olivier Blanchard, Carlo Cottarelli -- The Future of Securitization / Steven L Schwarcz -- Modification of Mortgages in Bankruptcy / Adam J Levitin -- The Shadow Bankruptcy System / Jonathan C Lipson -- Reregulating Fannie Mae and Freddie Mac / Dwight M Jaffee -- Would Greater Regulation of Hedge Funds Reduce Systemic Risk? / Michael R King, Philipp Maier -- Regulating Credit Default Swaps / Houman B Shadab -- Index. Part 1. Overview of the Crisis -- 1. Leverage and liberal democracy / George Bragues -- 2. A property economics explanation of the global financial crisis / Gunnar Heinsohn and Frank Decker -- 3. Of subprimes and sundry symptoms: the political economy of the financial crisis / Ashok Bardhan -- 4. The political economy of the financial crisis of 2008 / Roger D. Congleton -- 5. The global financial crisis of 2008: what went wrong? / Hershey H. Friedman and Linda Weiser Friedman -- 6. The roots of the crisis and how to bring it to a close / James K. Galbraith -- 7. Enron rerun: the credit crisis in three easy pieces / Jonathan C. Lipson -- 8. The global crisis and its origins / Peter L. Swan -- 9. Four paradoxes of the 2008-2009 economic and financial crisis / John E. Marthinsen -- 10. Understanding the subprime financial crisis / Steven L. Schwarcz. Part 2. Causes and consequences of the financial crisis -- 11. The origins of the financial crisis / Martin N. Baily, Robert E. Litan, and Matthew S. Johnson -- 12. Ten myths about subprime mortgages / Yuliya Demyanyk -- 13. The financial crisis: how did we get here and where do we go next? new evidence on how the crisis spread among financial institutions / James R. Barth, Tong Li, Lu Wenling, and Glenn H. Yago -- 14. A decade of living dangerously: the causes and consequences of the mortgage, financial, and economic crises / Jon A. Garfinkel and Jarjisu Sa-Aadu -- 15. Making sense of the subprime crisis / Kristopher S. Gerardi, Andreas Lehnert, Shane M. Sherlund, and Paul Willen -- 16. Miraculous financial engineering or legacy assets? / Ivo Pezzuto -- 17. The making and ending of the financial crisis of 2007-2009 / Austin Murphy -- 18. The subprime mortgage problem: causes and likely cure / Ronald D. Utt -- 19. Sequence of asset bubbles and the global financial crisis / Abol Jalilvand and A.G. (Tassos) Malliaris. Part 3. Borrowers -- 20. The past, present, and future of subprime mortgages / Shane M. Sherlund -- 21. FHA loans and policy responses to credit availability / Marsha Courchane, Rajeev Darolia, and Peter Zorn -- 22. The single-family mortgage industry in the internet era: technology developments and market structure / Forrest Pafenberg -- 23. Speed kills? mortgage credit boom and the crisis / Giovanni Dell'Ariccia, Deniz Igan, and Luc Laeven -- 24. Subprime mortgages: what we have learned from a new class of homeowners / Todd J. Zywicki and Satya Thallam -- 25. Rating agencies: facilitators of predatory lending in the subprime market / David J. Reiss. Part 4. The process of securitization -- 26. A primer on the role of securitization in the credit market crisis of 2007 / John D. Martin -- 27. Incentives in the originate-to-distribute model of mortgage production / Robert W. Kolb -- 28. Did securitization lead to lax screening? evidence from subprime loans / Benjamin J. Keys, Tanmoy Mukherjee, Amit Seru, and Vikrant Vig -- 29. Tumbling tower of Babel: subprime securitization and the credit crisis / Bruce I. Jacobs -- 30. The incentives of mortgage servicers and designing loan modifications to address the mortgage crisis / Larry Cordell, Karen Dynan, Andreas Lehnert, Nellie Liang, and Eileen Mauskopf -- 31. The contribution of structured finance to the financial crisis: an introductory overview / Adrian A.R.J.M. van Rixtel and Sarai Criado -- 32. Problematic practices of credit rating agencies: the neglected risks of mortgage-backed securities / Phil Hosp -- 33. Did asset complexity trigger ratings bias? Vasiliki Skreta and Laura Veldkamp -- 34. The pitfalls of originate-to-distribute in bank lending / Antje Berndt and Anurag Gupta. Part 5. Risk management and mismanagement -- 35. Behavioral basis of the financial crisis / J.V. Rizzi -- 36. Risk management failures during the financial crisis / Michel Crouhy -- 37. The outsourcing of financial regulation to risk models / Erik F. Gerding -- 38. The future of risk modeling / Elizabeth Sheedy -- 39. What happened to risk management during the 2008-2009 financial crisis? / Michael McAleer, Juan-Angel Jiménez-Martin, and Teodosio Pérez-Amaral -- 40. Risk management lessons from the global financial crisis for derivative exchanges / Jayanth Varma. Part 6. The problem of regulation -- 41. Regulation and financial stability in the age of turbulence / David S. Bieri -- 42. The financial crisis of 2007-2009: missing financial regulation or absentee regulators? / George G. Kaufman and A.G. Malliaris -- 43. The demise of the United Kingdom's northern rock and large U.S. financial institutions: public and policy lessons / Robert A. Eisenbeis and George G. Kaufman -- 44. Why securities regulation failed to prevent the CDO meltdown / Richard E. Mendales -- 45. Curbing optimism in managerial estimates through transparent accounting: the case of securitizations / Stephen Bryan, Steven Lilien, and Bharat Sarath -- 46. Basel II put on trial: what role in the financial crisis? / Francesco Cannata and Mario Quagliariello -- 47. Credit rating organizations, their role in the current calamity, and future prospects for reform / Thomas J. Fitzpatrick and Chris Sagers -- 48. Global regulation for global markets? / Michael W. Taylor and Douglas W. Arner -- 49. Financial regulation, behavioral finance, and the global financial crisis: in search of a new regulatory model / Emilios Avgouleas -- Part 7. Institutional Failures -- 50. Why financial conglomerates are at the center of the financial crisis / Arthur E. Wilmarth -- 51. Corporate governance and the financial crisis: a case study from the S & P 500 / Brian R. Cheffins -- 52. Secondary-management conflicts / Steven L. Schwarcz -- 53. The financial crisis and the systemic failure of academic economics / David Colander, Michael Goldberg, Armin Haas, Alan Kirman, Katarina Juselius, Brigitte Sloth, and Thomas Lux -- 54. Fannie Mae and Freddie Mac: privatizing profit and socializing loss / David Reiss -- 55. Disclosure's failure in the subprime mortgage crisis / Steven L. Schwarcz. Part 8. The federal reserve, monetary policy, and the financial crisis -- 56. Federal reserve policy and the housing bubble / Lawrence H. White -- 57. The greenspan and bernanke federal reserve roles in the financial crisis / John Ryan -- 58. The risk management approach to monetary policy: lessons from the financial crisis of 2007-2009 / Marc D. Hayford and A.G. Malliaris -- 59. Reawakening the inflationary monster: U.S. monetary policy and the federal reserve / Kevin Dowd and Martin Hutchinson -- 60. The transformation of the federal reserve system balance sheet and its implications / Peter Stella -- Part 9. Implications of the crisis for our economic systems -- 61. Systemic risk and markets / Steven L. Schwarcz -- 62. The transmission of liquidity shocks during the crisis: ongoing research into the transmission of liquidity shock suggests the emergence of a range of new channels during the credit crisis / Nathaniel Frank, Brenda González-Hermosillo, and Heiko Hesse -- 63. Credit contagion from counterparty risk / Philippe Jorion and Gaiyan Zhang -- Part 10. International dimensions of the financial crisis -- 64. Only in America? when housing boom turns to bust / Luci Ellis -- 65. The equity risk premium amid a global financial crisis / John R. Graham and Campbell R. Harvey -- 66. Australia's experience in the global financial crisis / Christine Brown and Kevin Davis -- 67. Collapse of a financial system: an Icelandic saga / Tryggvi Thor Herbertsson -- 68. Iceland's banking sector and the political economy of crisis / James A.H.S. Hine and Ian Ashman -- 69. The subprime crisis: implications for emerging markets / William B. Gwinner and Anthony B. Sanders. Part 11. Financial solutions and our economic future -- 70. The long-term cost of the financial crisis / Murillo Campello, John R. Graham, and Campbell R. Harvey -- 71. Coping with the financial crisis: illiquidity and the role of government intervention / Bastian Breitenfellner and Niklas Wagner -- 72. Fiscal policy for the crisis / Antonio Spilimbergo, Steven Symansky, Olivier Blanchard, and Carlo Cottarelli -- 73. The future of securitization / Steven L. Schwarcz -- 74. Modification of mortgages in bankruptcy / Adam J. Levitin -- 75. The shadow bankruptcy system / Jonathan C. Lipson -- 76. Reregulating Fannie Mae and Freddie Mac / Dwight M. Jaffee -- 77. Would greater regulation of hedge funds reduce systemic risk? / Michael R. King and Philipp Maier -- 78. Regulating credit default swaps / Houman B. Shadab.
• Publisher Details: Hoboken, N.J : Wiley
• Publication Date: 2010
• Copyright Date: 2010
• Extent: 1 online resource (xxv, 667 pages), illustrations
• Subjects: 330.9; Financial crises; Global Financial Crisis, 2008-2009; Financial crises -- United States; BUSINESS & ECONOMICS -- Economic Conditions; BUSINESS & ECONOMICS -- Economic History; BUSINESS & ECONOMICS -- Economics -- Comparative; POLITICAL SCIENCE -- Economic Conditions; Financial crises; Internationaler Kreditmarkt; Bankenkrise; United States; Electronic books
• Languages: English
• ISBNs: 9781118266588; 1118266587; 9780470622391; 0470622393; 9780470622414; 0470622415; 1282772910; 9781282772915
• Related ISBNs: 9780470561775; 0470561777
• Notes: Note: Includes bibliographical references and index.; Note: Print version record.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.