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008 100104s2010 njua b 001 0 eng
010 _a 2009050964
040 _aDLC
_cDLC
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_dUKM
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_dC#P
_dBWX
_dCDX
_dAGL
_dHEBIS
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020 _a9780470561775 (cloth)
020 _a0470561777 (cloth)
035 _a(OCoLC)460061998
043 _an-us---
050 0 0 _aHB3722
_b.L476 2010
082 0 0 _a330.9
_222
245 0 0 _aLessons from the financial crisis :
_bcauses, consequences, and our economic future /
_c[edited] by Robert W. Kolb.
260 _aHoboken, N.J. :
_bWiley,
_cc2010.
300 _axxv, 667 p. :
_bill. ;
_c26 cm.
490 1 _aThe Robert W. Kolb series in finance
504 _aIncludes bibliographical references and index.
505 0 _aPart 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 --
505 0 _aPart 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 --
505 0 _aPart 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 --
505 0 _aPart 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 --
505 0 _aPart 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 --
505 0 _aPart 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 --
505 0 _aPart 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 --
505 0 _aPart 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 --
650 0 _aFinancial crises.
650 0 _aGlobal Financial Crisis, 2008-2009.
650 0 _aFinancial crises
_zUnited States.
700 1 _aKolb, Robert W.,
_d1949-
830 0 _aRobert W. Kolb series in finance.
942 _cBOOK
994 _aZ0
_bSUPMU
596 _a1 2
999 _c6603
_d6603