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Guardians of Finance: Making Regulators Work for Us - Tapa blanda

Barth, James R.; Caprio, Gerard; Levine, Ross

 
9780262526845: Guardians of Finance: Making Regulators Work for Us
Tapa blanda
ISBN 10: 0262526840 ISBN 13: 9780262526845
Editorial: MIT Press, 2014

Sinopsis

How the unaccountable, unmonitorable, and unchecked actions of regulators precipitated the global financial crisis; and how to reform the system.

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 Geithner, Henry Paulson, Robert Rubin, Ben Bernanke, and Alan Greenspan.

In Guardians of Finance, economists James Barth, Gerard Caprio, and Ross Levine argue that the financial meltdown of 2007 to 2009 was no accident; it was negligent homicide. They show that senior regulatory officials around the world knew or should have known that their policies were destabilizing the global financial system and yet chose not to act until the crisis had fully emerged.

Barth, Caprio, and Levine propose a reform to counter this systemic failure: the establishment of a “Sentinel” to provide an informed, expert, and independent assessment of financial regulation. Its sole power would be to demand information and to evaluate it from the perspective of the public—rather than that of the financial industry, the regulators, or politicians.

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Acerca del autor

James R. Barth is Lowder Eminent Scholar in Finance at Auburn University and Senior Finance Fellow at the Milken Institute.

Gerard Caprio Jr. is William Brough Professor of Economics and Chair of the Center for Development Economics at Williams College.

Ross Levine is the Willis H. Booth Chair in Banking and Finance at the University of California, Berkeley, and Senior Fellow at the Milken Institute.

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Editorial
MIT Press
Año de publicación
2014
Idioma
Inglés
ISBN 10 
0262526840
ISBN 13 
9780262526845
Encuadernación
Tapa blanda
Número de páginas
294
Contacto del fabricante
no disponible
Persona responsable
gpsr@libri.de
gpsr@libri.de

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