Author: William Jay Gilpin
Publisher:
ISBN:
Category : Clearinghouses (Banking)
Languages : en
Pages : 104
Book Description
Clearing House of New York City
Bankers and Empire
Author: Peter James Hudson
Publisher: University of Chicago Press
ISBN: 022645911X
Category : Business & Economics
Languages : en
Pages : 370
Book Description
Introduction : Dark finance -- Colonialism's methods -- Rogue bankers -- The bankers' occupation -- Empire's regulation -- American expansion -- Imperial government -- Odious debt -- Conclusion : Racial capitalism's crisis
Publisher: University of Chicago Press
ISBN: 022645911X
Category : Business & Economics
Languages : en
Pages : 370
Book Description
Introduction : Dark finance -- Colonialism's methods -- Rogue bankers -- The bankers' occupation -- Empire's regulation -- American expansion -- Imperial government -- Odious debt -- Conclusion : Racial capitalism's crisis
Slapped by the Invisible Hand
Author: Gary B. Gorton
Publisher: Oxford University Press
ISBN: 0199779511
Category : Business & Economics
Languages : en
Pages : 296
Book Description
Originally written for a conference of the Federal Reserve, Gary Gorton's "The Panic of 2007" garnered enormous attention and is considered by many to be the most convincing take on the recent economic meltdown. Now, in Slapped by the Invisible Hand, Gorton builds upon this seminal work, explaining how the securitized-banking system, the nexus of financial markets and instruments unknown to most people, stands at the heart of the financial crisis. Gorton shows that the Panic of 2007 was not so different from the Panics of 1907 or of 1893, except that, in 2007, most people had never heard of the markets that were involved, didn't know how they worked, or what their purposes were. Terms like subprime mortgage, asset-backed commercial paper conduit, structured investment vehicle, credit derivative, securitization, or repo market were meaningless. In this superb volume, Gorton makes all of this crystal clear. He shows that the securitized banking system is, in fact, a real banking system, allowing institutional investors and firms to make enormous, short-term deposits. But as any banking system, it was vulnerable to a panic. Indeed the events starting in August 2007 can best be understood not as a retail panic involving individuals, but as a wholesale panic involving institutions, where large financial firms "ran" on other financial firms, making the system insolvent. An authority on banking panics, Gorton is the ideal person to explain the financial calamity of 2007. Indeed, as the crisis unfolded, he was working inside an institution that played a central role in the collapse. Thus, this book presents the unparalleled and invaluable perspective of a top scholar who was also a key insider.
Publisher: Oxford University Press
ISBN: 0199779511
Category : Business & Economics
Languages : en
Pages : 296
Book Description
Originally written for a conference of the Federal Reserve, Gary Gorton's "The Panic of 2007" garnered enormous attention and is considered by many to be the most convincing take on the recent economic meltdown. Now, in Slapped by the Invisible Hand, Gorton builds upon this seminal work, explaining how the securitized-banking system, the nexus of financial markets and instruments unknown to most people, stands at the heart of the financial crisis. Gorton shows that the Panic of 2007 was not so different from the Panics of 1907 or of 1893, except that, in 2007, most people had never heard of the markets that were involved, didn't know how they worked, or what their purposes were. Terms like subprime mortgage, asset-backed commercial paper conduit, structured investment vehicle, credit derivative, securitization, or repo market were meaningless. In this superb volume, Gorton makes all of this crystal clear. He shows that the securitized banking system is, in fact, a real banking system, allowing institutional investors and firms to make enormous, short-term deposits. But as any banking system, it was vulnerable to a panic. Indeed the events starting in August 2007 can best be understood not as a retail panic involving individuals, but as a wholesale panic involving institutions, where large financial firms "ran" on other financial firms, making the system insolvent. An authority on banking panics, Gorton is the ideal person to explain the financial calamity of 2007. Indeed, as the crisis unfolded, he was working inside an institution that played a central role in the collapse. Thus, this book presents the unparalleled and invaluable perspective of a top scholar who was also a key insider.
Bulletin of the New York Public Library
Author: New York Public Library
Publisher:
ISBN:
Category : Bibliography
Languages : en
Pages : 608
Book Description
Includes its Report, 1896-19 .
Publisher:
ISBN:
Category : Bibliography
Languages : en
Pages : 608
Book Description
Includes its Report, 1896-19 .
Dictionary Catalog of the Research Libraries of the New York Public Library, 1911-1971
Author: New York Public Library. Research Libraries
Publisher:
ISBN:
Category : Library catalogs
Languages : en
Pages : 582
Book Description
Publisher:
ISBN:
Category : Library catalogs
Languages : en
Pages : 582
Book Description
Finance and the Good Society
Author: Robert J. Shiller
Publisher: Princeton University Press
ISBN: 140084617X
Category : Business & Economics
Languages : en
Pages : 312
Book Description
Nobel Prize-winning economist explains why we need to reclaim finance for the common good The reputation of the financial industry could hardly be worse than it is today in the painful aftermath of the 2008 financial crisis. New York Times best-selling economist Robert Shiller is no apologist for the sins of finance—he is probably the only person to have predicted both the stock market bubble of 2000 and the real estate bubble that led up to the subprime mortgage meltdown. But in this important and timely book, Shiller argues that, rather than condemning finance, we need to reclaim it for the common good. He makes a powerful case for recognizing that finance, far from being a parasite on society, is one of the most powerful tools we have for solving our common problems and increasing the general well-being. We need more financial innovation—not less—and finance should play a larger role in helping society achieve its goals. Challenging the public and its leaders to rethink finance and its role in society, Shiller argues that finance should be defined not merely as the manipulation of money or the management of risk but as the stewardship of society's assets. He explains how people in financial careers—from CEO, investment manager, and banker to insurer, lawyer, and regulator—can and do manage, protect, and increase these assets. He describes how finance has historically contributed to the good of society through inventions such as insurance, mortgages, savings accounts, and pensions, and argues that we need to envision new ways to rechannel financial creativity to benefit society as a whole. Ultimately, Shiller shows how society can once again harness the power of finance for the greater good.
Publisher: Princeton University Press
ISBN: 140084617X
Category : Business & Economics
Languages : en
Pages : 312
Book Description
Nobel Prize-winning economist explains why we need to reclaim finance for the common good The reputation of the financial industry could hardly be worse than it is today in the painful aftermath of the 2008 financial crisis. New York Times best-selling economist Robert Shiller is no apologist for the sins of finance—he is probably the only person to have predicted both the stock market bubble of 2000 and the real estate bubble that led up to the subprime mortgage meltdown. But in this important and timely book, Shiller argues that, rather than condemning finance, we need to reclaim it for the common good. He makes a powerful case for recognizing that finance, far from being a parasite on society, is one of the most powerful tools we have for solving our common problems and increasing the general well-being. We need more financial innovation—not less—and finance should play a larger role in helping society achieve its goals. Challenging the public and its leaders to rethink finance and its role in society, Shiller argues that finance should be defined not merely as the manipulation of money or the management of risk but as the stewardship of society's assets. He explains how people in financial careers—from CEO, investment manager, and banker to insurer, lawyer, and regulator—can and do manage, protect, and increase these assets. He describes how finance has historically contributed to the good of society through inventions such as insurance, mortgages, savings accounts, and pensions, and argues that we need to envision new ways to rechannel financial creativity to benefit society as a whole. Ultimately, Shiller shows how society can once again harness the power of finance for the greater good.
The Molding of American Banking: 1840-1910
Author: Fritz Redlich
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 360
Book Description
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 360
Book Description
Annual List of New and Important Books Added to the Public Library of the City of Boston
Author: Boston Public Library
Publisher:
ISBN:
Category : Classified catalogs
Languages : en
Pages : 328
Book Description
Publisher:
ISBN:
Category : Classified catalogs
Languages : en
Pages : 328
Book Description
The Financier
History of American Business Leaders: The molding of American banking; men and ideas. pt. 1. 1781-1840. pt. 2. 1840-1910
Author: Fritz Redlich
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 350
Book Description
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 350
Book Description