Download or read book Zombie Banks written by Yalman Onaran and published by John Wiley & Sons. This book was released on 2011-10-26 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth look at the problems surrounding zombie banks and their dangerous effect on the global economy “The title is worthy of a B movie, but it's also apt. Bloomberg News reporter Yalman Onaran, supported by former U.S. Federal Deposit Insurance Corp. chief Sheila Bair - who provides a foreword and numerous interviews - urge that insolvent banks both small and too big to fail be allowed to do precisely that. Reading bank balance sheets is not everyone's idea of a good time. But Mr. Onaran, with support from Ms. Bair, does the chore and explains what it means. Mr. Onaran shows that the process of rescuing dead and dying banks is increasing systemic risk in the global banking system. And that is really more frightening than scream flicks from Tinseltown.” -- Financial Post “Yalman Onaran knows of putrid financial institutions, having written about them in his native Turkey so successfully he brought down a few in Istanbul in the late '90's.” -- Huffington Post “Do We Love Zombie Banks? The new book by Yalman Onaran of Bloomberg News, Zombie Banks: How Broken Banks and Debtor Nations Are Crippling the Global Economy, is a well-organized and clearly written discussion of the use of leverage to provide growth in many different economies. Onaran has carefully researched the zombie phenomenon and makes some important points in this concise volume about both public policy and the concerns of investors. One of the more interesting early threads in the book is the juxtaposition of the experience of the US in the S&L crisis and Japan in the 1980s and 1990s with the US today. Zombie Banks is a good review of the latest thinking about the ebb and flow of the political economy.” -- R. Christopher Whalen, author of Inflated Zombie banking has become standard operating procedure for big debtor nations. They prop up failing institutions, print money, and avoid financial corrections. But in an attempt to prolong the inevitable, bigger problems are created. The approach used now has not, and will not, work. This timely book reveals why. Zombie Banks tells the story of how debtor nations and failing institutions are damaging the long-term prospects of the global economy. Author Yalman Onaran, a veteran Bloomberg News reporter and financial banking sector expert, examines exactly what a zombie bank is and why they are kept alive. He also discusses how they hurt economic recovery and what needs to be done in order to restore stability. Along the way, Onaran takes an honest look at how we arrived at this point and details the harsh realities that must be faced, and the serious steps that must be taken, in order to get things headed in the right direction. Puts insolvent banks and debtor nations in the spotlight and examines how they are crippling the global economy On the record sources include Paul Volcker, Joseph Stiglitz, Sheila Bair, and many more bank executives, regulators, politicians, and policymakers in the United States and abroad Takes the complexity of the current situation and translates it in a way that makes it understandable While the short-term measures taken to stave off depression and rejuvenate economic growth may offer hope, they are unsustainable over the long term. Get a better look at what really lies ahead, and what it will take to improve our economic situation, with this book.
Download or read book Determinants of Zombie Banks in Emerging Markets and Developing Economies written by Torsten Wezel and published by International Monetary Fund. This book was released on 2024-02-23 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: While deeply undercapitalized banks have been shown to misallocate credit to weak firms, the drivers of such zombie banks are less researched, particularly across countries. To furnish empirical evidence, we compile a dataset of undercapitalized banks from emerging markets and developing economies. We classify zombie banks as those not receiving remedial treatment by owners or regulators or, alternatively, remaining chronically undercapitalized. Using logit regressions, we find that country-specific factors are more influential for zombie status than bank characteristics, alhough some become significant when disaggreating by region. The paper’s overall findings imply the need for a proper regulatory framework and an effective resolution regime to deal with zombie banks more decisively.
Download or read book Zombie Capitalism written by Chris Harman and published by Haymarket Books. This book was released on 2010 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: We've been told for years that the capitalist free market is a self-correcting perpetual growth machine in which sellers always find buyers, precluding any major crisis in the system. Then the credit crunch of August 2007 turned into the great crash of September–October 2008, leading one apologist for the system, Willem Buiter, to write of "the end of capitalism as we knew it." As the crisis unfolded, the world witnessed the way in which the runaway speculation of the "shadow" banking system wreaked havoc on world markets, leaving real human devastation in its wake. Faced with the financial crisis, some economic commentators began to talk of "zombie banks"–financial institutions that were in an "undead state" and incapable of fulfilling any positive function but a threat to everything else. What they do not realize is that twenty-first century capitalism as a whole is a zombie system, seemingly dead when it comes to achieving human goals.
Download or read book The WSJ Guide to the 50 Economic Indicators That Really Matter written by Simon Constable and published by HarperBusiness. This book was released on 2011-05-03 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: An entertaining, must-have guide to the indicators most investors aren't following—but should be! To make the best possible investment decisions, savvy investors know that they should pay close attention to economic indicators. But while most are looking at conventional barometers like unemployment rates and housing starts, the smartest investors are following the often ignored, sometimes curious, but always interesting indicators that offer a true sense of where the economy is and where it's going. They provide the vital information needed to beat the market. In The Wall Street Journal Guide to the 50 Economic Indicators That Really Matter, Simon Constable and Robert E. Wright offer investors powerful new tools to guide them through the markets. Whether it's the VIX index (which tracks the level of anxiety among investors) or the Vixen index (which tracks the number of attractive waitresses in your hometown), this essential guide includes in-depth analyses of 50 valuable economic indicators, as well as what to watch for, what to do when movement happens, and the risk level involved in taking action. This must-have guide entertains and enlightens while offering essential advice on navigating the global economic climate.
Download or read book Accounting discretion of banks during a financial crisis written by Mr.Luc Laeven and published by International Monetary Fund. This book was released on 2009-09-01 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows that banks use accounting discretion to overstate the value of distressed assets. Banks' balance sheets overvalue real estate-related assets compared to the market value of these assets, especially during the U.S. mortgage crisis. Share prices of banks with large exposure to mortgage-backed securities also react favorably to recent changes in accounting rules that relax fair-value accounting, and these banks provision less for bad loans. Furthermore, distressed banks use discretion in the classification of mortgage-backed securities to inflate their books. Our results indicate that banks' balance sheets offer a distorted view of the financial health of the banks.
Download or read book The Trillion Dollar Conspiracy written by Jim Marrs and published by Harper Collins. This book was released on 2010-06-17 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Jim Marrs can’t be ignored. Few in this country shout about The Truth louder than he.” —Dallas Observer In The Trillion-Dollar Conspiracy, Jim Marrs, the New York Times bestselling author of Rule by Secrecy and The Rise of The Fourth Reich, offers a terrifying proposition: that the current economic collapse has been engineered by a tyrannous government and multinational corporations determined to enslave us. Read The Trillion-Dollar Conspiracy and find out how the New World Order, man-made diseases, and zombie banks are destroying America.
Download or read book The S L Insurance Mess written by Edward J. Kane and published by University Press of America. This book was released on 1989 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Looks at the insurance crisis in the thrift industry, explains how federal regulations helped create the problems, and suggets guidelines for reform.
Download or read book Zombie Economics written by John Quiggin and published by Princeton University Press. This book was released on 2012-05-06 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the graveyard of economic ideology, dead ideas still stalk the land. The recent financial crisis laid bare many of the assumptions behind market liberalism—the theory that market-based solutions are always best, regardless of the problem. For decades, their advocates dominated mainstream economics, and their influence created a system where an unthinking faith in markets led many to view speculative investments as fundamentally safe. The crisis seemed to have killed off these ideas, but they still live on in the minds of many—members of the public, commentators, politicians, economists, and even those charged with cleaning up the mess. In Zombie Economics, John Quiggin explains how these dead ideas still walk among us—and why we must find a way to kill them once and for all if we are to avoid an even bigger financial crisis in the future. Zombie Economics takes the reader through the origins, consequences, and implosion of a system of ideas whose time has come and gone. These beliefs—that deregulation had conquered the financial cycle, that markets were always the best judge of value, that policies designed to benefit the rich made everyone better off—brought us to the brink of disaster once before, and their persistent hold on many threatens to do so again. Because these ideas will never die unless there is an alternative, Zombie Economics also looks ahead at what could replace market liberalism, arguing that a simple return to traditional Keynesian economics and the politics of the welfare state will not be enough—either to kill dead ideas, or prevent future crises. In a new chapter, Quiggin brings the book up to date with a discussion of the re-emergence of pre-Keynesian ideas about austerity and balanced budgets as a response to recession.
Download or read book Surface Detail written by Iain M. Banks and published by Orbit. This book was released on 2010-10-28 with total page 559 pages. Available in PDF, EPUB and Kindle. Book excerpt: Surface Detail is among Iain M. Banks' Culture novels, a breathtaking achievement from a writer whose body of work is without parallel in the modern history of science fiction. It begins in the realm of the Real, where matter still matters. It begins with a murder. And it will not end until the Culture has gone to war with death itself. Lededje Y'breq is one of the Intagliated, her marked body bearing witness to a family shame, her life belonging to a man whose lust for power is without limit. Prepared to risk everything for her freedom, her release, when it comes, is at a price, and to put things right she will need the help of the Culture. Benevolent, enlightened and almost infinitely resourceful though it may be, the Culture can only do so much for any individual. With the assistance of one of its most powerful -- and arguably deranged -- warships, Lededje finds herself heading into a combat zone not even sure which side the Culture is really on. A war -- brutal, far-reaching -- is already raging within the digital realms that store the souls of the dead, and it's about to erupt into reality. It started in the realm of the Real and that is where it will end. It will touch countless lives and affect entire civilizations, but at the center of it all is a young woman whose need for revenge masks another motive altogether. The Culture Series Consider Phlebas The Player of Games Use of Weapons The State of the Art Excession Inversions Look to Windward Matter Surface Detail The Hydrogen Sonata
Download or read book Quest for Restoring Financial Stability in India written by Viral V. Acharya and published by Penguin Random House India Private Limited. This book was released on 2023-08-28 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: An excellent primer for students wanting to learn macroeconomics and policymaking - Kaushik Basu An important and timely contribution to our understanding of the Indian economy - Raghuram Rajan How to maintain financial stability in India? Quest for Restoring Financial Stability in India is a classic work to understand this critical subject. In this Penguin edition, with a new introduction, Viral V. Acharya, former Deputy Governor of RBI offers a concrete road map for comprehensive improvement of India's economy. Authoritative and definitive, this is a must read for the students and scholars of Indian economy, policymakers and anyone interested in India's finance sector.
Download or read book Temporal Network Epidemiology written by Naoki Masuda and published by Springer. This book was released on 2017-10-04 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers recent developments in epidemic process models and related data on temporally varying networks. It is widely recognized that contact networks are indispensable for describing, understanding, and intervening to stop the spread of infectious diseases in human and animal populations; “network epidemiology” is an umbrella term to describe this research field. More recently, contact networks have been recognized as being highly dynamic. This observation, also supported by an increasing amount of new data, has led to research on temporal networks, a rapidly growing area. Changes in network structure are often informed by epidemic (or other) dynamics, in which case they are referred to as adaptive networks. This volume gathers contributions by prominent authors working in temporal and adaptive network epidemiology, a field essential to understanding infectious diseases in real society.
Download or read book Uncertainty and Challenges in Contemporary Economic Behaviour written by Ercan Özen and published by Emerald Group Publishing. This book was released on 2020-09-25 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every day presents new challenges as the face of global economics changes. In this first book in the Emerald Studies in Finance, Insurance, and Risk Management, expert editors and contributors come together to discuss global response to new uncertainty and challenges.
Download or read book Zombies on the Brink Evidence from Japan on the Reversal of Monetary Policy Effectiveness written by Mr.Gee Hee Hong and published by International Monetary Fund. This book was released on 2021-02-19 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: How does unconventional monetary policy affect corporate capital structure and investment decisions? We study the transmission channel of quantitative easing and its potential diminishing returns on investment from a corporate finance perspective. Using a rich bank-firm matched data of Japanese firms with information on corporate debt and investment, we study how firms adjust their capital structure in response to the changes in term premia. Investment responds positively to a reduction in the term premium on average. However, there is a significant degree of cross-sectional variation in firm response: healthier firms increase capital spending and cash holdings, while financially vulnerable firms take advantage of lower long-term yields to refinance without increasing investment.
Download or read book The Trillion Dollar Conspiracy written by Jim Marrs and published by Harper Collins. This book was released on 2011-07-05 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: America's economy is in shambles . . . Its citizens are terrified and dissatisfied . . . Could it all have been planned by a secret elite one hundred years ago? The New World Order. Hitler referred to it in his diaries. President George H. W. Bush foretold of it in his speeches. Formed by a secretive global elite, the group seeking this new order has taken hold of the nation—and perhaps the world. Its influence pervades every aspect of American society, from the products we buy at the grocery store to the topics of evening news programs. But could it also be true that the New World Order caused one of the greatest financial catastrophes of our time? Bestselling author and legendary conspiracy researcher Jim Marrs has yet again exposed information that the mainstream corporate media has refused to report, unearthing the lies to expose the insidious alliances that make up a secret world. In the explosive The Trillion-Dollar Conspiracy, Marrs digs beneath the media noise surrounding the financial bailouts of 2008 and 2009 while exploring the back rooms and shadowy deals of our nation’s past to craft a frightening history that no one else is brave enough to tell.
Download or read book The Role of Central Banks in Financial Stability written by Douglas Darrell Evanoff and published by World Scientific. This book was released on 2014 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: The two most topical issues in current financial markets deal with the causes of the recent financial crisis and the means to prevent future crises. This book addresses the latter and stresses a major shift in most countries toward a better understanding of financial stability and how it can be achieved. In particular, the papers in this volume examine the recent change in emphasis at central banks with regard to financial stability. For example: What were the cross-country differences in emphasis on financial stability in the past Did these differences appear to affect the extent of the adverse impact of the financial crisis on individual countries What are perceived to be the major future threats to financial stability These and related issues are discussed in the book by well-known experts in the field OCo some of the best minds in the world pursuing financial stability. Following the global financial crisis, significant reforms have been initiated in many countries to address financial stability more directly, frequently focusing on macroprudential policy frameworks in which central banks play a more active role."
Download or read book Playing God written by Andy Crouch and published by InterVarsity Press. This book was released on 2013-09-06 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: With Playing God, Andy Crouch opens the subject of power, elucidating its subtle activity in our relationships and institutions. He gives us much more than a warning against abuse, though. Turning the notion of "playing God" on its head, Crouch celebrates power as the gift by which we join in God's creative, redeeming work in the world.
Download or read book Economic Stagnation in Japan written by Dongchul Cho and published by Edward Elgar Publishing. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Japan’s dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term ‘Japanization’ is often used by economists to describe long-term stagnation and deflation. Symptoms include high unemployment, weak economic activity, interest rates near zero, quantitative easing, and population aging. In the global context, what can governments do to mitigate the downward trends experienced by Japan? This judiciously timed book investigates in depth the causes of Japan’s ‘lost decades’ versus the real recovery achieved by the United States, and the lessons that can be learned.
