Why our addiction to debt caused the global financial crisis and is the root of our financial woes
Adair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye-opening book, he sets the record straight about what really caused the crisis. It didn't happen because banks are too big to fail--our addiction to private debt is to blame.
Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth--but it drives real estate booms and busts and leads to financial crisis and depression. Turner explains why public policy needs to manage the growth and allocation of credit creation, and why debt needs to be taxed as a form of economic pollution. Banks need far more capital, real estate lending must be restricted, and we need to tackle inequality and mitigate the relentless rise of real estate prices. Turner also debunks the big myth about fiat money--the erroneous notion that printing money will lead to harmful inflation. To escape the mess created by past policy errors, we sometimes need to monetize government debt and finance fiscal deficits with central-bank money.
Between Debt and the Devil shows why we need to reject the assumptions that private credit is essential to growth and fiat money is inevitably dangerous. Each has its advantages, and each creates risks that public policy must consciously balance.
Автор: Ross Stephen Название: Core principles and applications of Corporate Finance, global edition ISBN: 0071221166 ISBN-13(EAN): 9780071221160 Издательство: McGraw-Hill Рейтинг: Цена: 45150 T Наличие на складе: Поставка под заказ. Описание: Conveys important corporate finance concepts and applications. This text distills the subject of corporate finance down to its core, while also maintaining a decidedly modern approach.
Автор: Baker H Kent Название: Behavioral Finance ISBN: 0470499117 ISBN-13(EAN): 9780470499115 Издательство: Wiley Рейтинг: Цена: 70030 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: A definitive guide to the growing field of behavioral finance This reliable resource provides a comprehensive view of behavioral finance and its psychological foundations, as well as its applications to finance.
Автор: Goetzmann William N. Название: Money Changes Everything: How Finance Made Civilization Possible ISBN: 0691143781 ISBN-13(EAN): 9780691143781 Издательство: Wiley Рейтинг: Цена: 25010 T Наличие на складе: Поставка под заказ. Описание: "[A] magnificent history of money and finance."--New York Times Book Review "Convincingly makes the case that finance is a change-maker of change-makers."--Financial Times In the aftermath of recent financial crises, it`s easy to see finance as a wrecking ball: something that destroys fortunes and jobs, and undermines governments and banks. In Mo
Автор: Snider David, Howard Chris Название: Money Makers: Inside the New World of Finance and Business ISBN: 0230614019 ISBN-13(EAN): 9780230614017 Издательство: Palgrave Рейтинг: Цена: 10410 T Наличие на складе: Нет в наличии. Описание: In the wake of global financial crisis the businesses driving our modern economy have changed. While elite fields of business and finance play a dominant role in the global economy, how they work remains a mystery to most outsiders. Money Makers reveals the selective and secretive industries of the private sector that drive the modern economy.
Автор: Collins Название: Money and Banking in the UK (RLE: Banking & Finance) ISBN: 0415527961 ISBN-13(EAN): 9780415527965 Издательство: Taylor&Francis Рейтинг: Цена: 141380 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This book is concerned with developments in three main areas of monetary history: domestic commercial banking; monetary policy; and the UK’s international financial position. For ease of analysis the 160 years under study are arranged into three clear chronological divisons. Part 1 covers the years 1826-1913, a period in which the UK emerged as the world’s leading economic power. It was in these years that an extensive and fully-operative domestic banking system was established. Part 2 covers 1914 to 1939 – the years which marked a break in the traditional monetary arrangements of the Victorian and Edwardian eras. Part 3 covers 1939-1986 when the dominance of state influence within the domestic money markets was re-established by the Second World War and the acceptance by the authorities of the obligation to ‘manage’ the economy which meant that successive postwar governments took direct responsibility for the conduct of monetary and credit policy.
Автор: Gabriele Camera Название: Recent Developments on Money and Finance ISBN: 3642066178 ISBN-13(EAN): 9783642066177 Издательство: Springer Рейтинг: Цена: 110330 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: Recent developments on money and finance: an introduction.- Deposit Insurance and Bank Regulation in a Monetary Economy: A General Equilibrium Exposition.- A monetary mechanism for sharing capital: Diamond and Dybvig meet Kiyotaki and Wright.- Domestic financial market frictions, unrestricted international capital flows, and crises in small open economies.- Inflation, Growth and Exchange Rate Regimes in Small Open Economies.- Aggregate Risk Sharing and Equivalent Financial Mechanisms in an Endowment Economy of Incomplete Participation.- Asset pricing implications of efficient risk sharing in an endowment economy.- Distributional aspects of the divisibility of money. An example.- The distribution of money and prices in an equilibrium with lotteries.- Money, price dispersion and welfare.- A simple search model of money with heterogeneous agents and partial acceptability.- Decentralized credit and monetary exchange without public record keeping.- Limited participation, private money, and credit in a spatial model of money.
Автор: Brooks Название: Introductory Econometrics for Finance ISBN: 1107661455 ISBN-13(EAN): 9781107661455 Издательство: Cambridge Academ Рейтинг: Цена: 41670 T Наличие на складе: Нет в наличии. Описание: This bestselling and thoroughly classroom-tested textbook is a complete resource for finance students. A comprehensive and illustrated discussion of the most common empirical approaches in finance prepares students for using econometrics in practice, while detailed case studies help them understand how the techniques are used in relevant financial contexts. Worked examples from the latest version of the popular statistical software EViews guide students to implement their own models and interpret results. Learning outcomes, key concepts and end-of-chapter review questions (with full solutions online) highlight the main chapter takeaways and allow students to self-assess their understanding. Building on the successful data- and problem-driven approach of previous editions, this third edition has been updated with new data, extensive examples and additional introductory material on mathematics, making the book more accessible to students encountering econometrics for the first time. A companion website, with numerous student and instructor resources, completes the learning package.
Автор: Brealey Название: Principles of Corporate Finance 12 edition ISBN: 1259253333 ISBN-13(EAN): 9781259253331 Издательство: McGraw-Hill Рейтинг: Цена: 41550 T Наличие на складе: Невозможна поставка. Описание: Designed to help improve student performance, meaning that students are prepared for class and can successfully solve problems and analyse the results, this title provides opportunities for students to practice solving financial problems and apply what they`ve learned.
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