Download or read book Federal Financial Markets Rescue written by Charles M. Horn and published by Practising Law Inst. This book was released on 2009 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Financial Markets Rescue provides you with complete yet concise coverage of the government's sweeping legislative and regulatory efforts to address and ameliorate the 2008-09 financial crisis.
Download or read book Federal Reserve Policies and Financial Market Conditions During the Crisis written by Scott A. Brave and published by DIANE Publishing. This book was released on 2011-08 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the recent financial crisis, the Fed implemented a series of extraordinary and unconventional policies to alleviate the impact of the crisis on financial markets and the economy. This paper examines the effects of these policies on broad financial market conditions. The Fed was more likely to initiate or expand new programs when financial market conditions were tighter than usual and economic conditions deteriorating. The Fed¿s policies improved broad financial market conditions significantly at announcement and that the improvements were associated primarily with program initiations and expansions. Charts and tables. This is a print on demand edition of an important, hard-to-find publication.
Download or read book AIG Rescue Its Impact on Markets and the Government s Exit Strategy written by Elizabeth Warren and published by DIANE Publishing. This book was released on 2010-10 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The AIG Rescue Its Impact on Markets and the Government s Exit Strategy June Oversight Report June 10 2010 written by and published by . This book was released on 2010 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Fed and Lehman Brothers written by Laurence M. Ball and published by Cambridge University Press. This book was released on 2018-06-07 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sets the record straight on why the Federal Reserve failed to rescue Lehman Brothers during the financial crisis.
Download or read book Fed Power written by Lawrence Jacobs and published by Oxford University Press. This book was released on 2021-02-12 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: An eye-opening analysis of the Federal Reserve's massive and unwarranted power in American life and how it favors the financial sector over everyone else. The Federal Reserve, created more than a century ago, is the most powerful central bank in the world. The Fed's power, which derives from its ability to alter the money supply and move interest rates, weighs heavily not only on the US economy, but on the world economy as well. Lawrence R. Jacobs and Desmond King's Fed Power is the first sustained synthesis of the Fed's political role--especially the way in which it uses its power to benefit some interest groups and not others--since the 2008 financial crisis. In this fully updated and revised second edition, Fed Power addresses new developments during Trump's presidency--particularly the Fed's massive and unprecedented injection of liquidity into the US economy following the COVID epidemic-and offers fresh insights on the Fed's outsized role in picking winners and losers in the American economy. King and Jacobs conclude with bold proposals to reform America's financial management to prevent future crises and to restore democratic accountability. A powerful critique of how the Federal Reserve governs the American economy, Fed Power will be essential reading for anyone interested in the role that the Fed's policies have played in increasing economic and racial inequality across both the Obama and Trump presidencies and the new directions pursued by the Biden administration and progressive activists.
Download or read book Money and the Market written by Kevin Dowd and published by Routledge. This book was released on 2013-12-16 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kevin Dowd asserts that state intervention into financial and monetary systems has failed, and that we would be better off if financial markets were left to regulate themselves. This collection will appeal to students, researchers and policy makers in the monetary and financial area.
Download or read book Bailout written by John Waggoner and published by John Wiley & Sons. This book was released on 2008-10-03 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Bailout, John Waggoner answers the essential questions surrounding recent market catastrophes—from the failure of Bear Stearns to the credit crisis—and reveals how you can protect your portfolio during these turbulent times. Waggoner offers a wide range of strategies to help your portfolio weather this storm, including rebalancing and using foreign currencies, and discusses how Treasury bonds, gold, commodities, and real estate can solidify your financial standing. With the expert advice found here, you’ll quickly discover what it takes to achieve safety and success in today’s volatile market.
Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.
Download or read book FINANCIAL DISINTERMEDIATION written by Grace Mingyan Du and published by American Academic Press. This book was released on 2023-01-02 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: With historical and comparative method, this book explores financial disintermediation which besets both the United States and China and extends the thinking up to the evolutional trend of capitalism and socialism. Different from the previous research, this book delves into the first cause which induces financial disintermediation, namely the basic deficiency of capitalism: liquidity crisis, and the countermeasures which various institutional systems have taken for dealing with it. The conclusion reveals that the upheaval was initiated from the founding of financial safety net. During the Great Depression, by adopting financial safety net, the previous evolving track of American financial system was ended, and a new path launched – financial disintermediation. The starting point for China was the setout of “the reform and opening-up”. In the West, financial safety net formulates a dualistic regulatory regime, which spurred financial disintermediation. Severe financial disintermediation has led up to a series of thorny issues, including the resurgence of liquidity crisis, the financialization of the economy, and too-big-to-fail, and debt overhang and widening wealth disparity and so on. In China, the main difference with its western counterpart should be the replacement of asset quality deterioration in financial system to liquidity crisis. The root problem lies in that some matched institutions needed for guaranteeing its positive effects are desperately absent or weak, so it is a must to strengthen them, and steadfastly arrest financial disintermediation simultaneously. For that, both regimes should learn from each other.
Download or read book Financial Crisis in America written by Raymond T. Ovanhouser and published by . This book was released on 2009 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no precise definition of "financial crisis," but a common view is that disruptions in financial markets rise to the level of a crisis when the flow of credit to households and businesses is constrained and the real economy of goods and services is adversely affected. Since mid-2007, central bankers -- including the Federal Reserve -- have laboured to keep the downturn in U.S. subprime housing from developing into such a crisis. While subprime problems were widely anticipated, the subsequent spread of turmoil into many seemingly unrelated parts of the global financial system was not. Many losses occurring in diverse firms and markets -- often quite severe -- have features in common: the use of complex, hard-to-value financial instruments; large speculative positions underwritten by borrowed funds, or leverage; and the use of off-the-books entities to remove risky trading activities from the balance sheets of major financial institutions. It is not yet clear whether financial market problems will significantly slow the economy: many believe that the current episode is simply the downside of a normal credit cycle, that is, a natural corrective to several years of unusually easy credit conditions. On the other hand, some analysts identify market dynamics that may amplify the effects of financial shocks and have the potential to generate self-reinforcing, downward financial and economic spirals. The Federal Reserve has used its traditional tools to avert such an outcome: it has lowered short-term interest rates dramatically and injected billions of dollars into the banking system to support market liquidity and keep credit flowing. In addition, the Fed has expanded its sphere by making funds available to securities firms, which it does not regulate, and has provided funding to underwrite the rescue-through-acquisition of Bear Stearns, a leading investment bank. The duration of the current instability is in marked contrast to financial shocks of recent decades -- stock market crashes, bond market disruptions, the 9/11 attacks -- when the central bank was able to contain market problems quickly with little or no interruption of U.S. economic growth. Depending on how soon normal market conditions are restored, and at what cost, policy makers may consider whether regulators have access to adequate information about market conditions, and whether currently unregulated market participants should be subjected to disclosure and reporting requirements. In addition, the social costs of failed financial speculation may be judged great enough to warrant new restrictions designed to lower the incidence of losses that have system-wide impacts or to put the markets and the economy in a better position to weather such shocks.
Download or read book Money Banking and Financial Markets written by Laurence Ball and published by Macmillan. This book was released on 2011-02-25 with total page 661 pages. Available in PDF, EPUB and Kindle. Book excerpt: The breakthrough text that closes the gap between economic theory and the day-to-day behaviour of banks and financial markets. Working from a macro framework based on the Fed's use of interest rate, Ball presents the core concepts necessary to understand the problems of the stock market and the causes of recessions and banking crises
Download or read book Aftermath written by James Rickards and published by Penguin. This book was released on 2019-07-23 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Wall Street Journal bestseller Financial expert, investment advisor and New York Times bestselling author James Rickards shows why and how global financial markets are being artificially inflated--and what smart investors can do to protect their assets What goes up, must come down. As any student of financial history knows, the dizzying heights of the stock market can't continue indefinitely--especially since asset prices have been artificially inflated by investor optimism around the Trump administration, ruinously low interest rates, and the infiltration of behavioral economics into our financial lives. The elites are prepared, but what's the average investor to do? James Rickards, the author of the prescient books Currency Wars, The Death of Money, and The Road to Ruin, lays out the true risks to our financial system, and offers invaluable advice on how best to weather the storm. You'll learn, for instance: * How behavioral economists prop up the market: Funds that administer 401(k)s use all kinds of tricks to make you invest more, inflating asset prices to unsustainable levels. * Why digital currencies like Bitcoin and Ethereum are best avoided. * Why passive investing has been overhyped: The average investor has been scolded into passively managed index funds. But active investors will soon have a big advantage. * What the financial landscape will look like after the next crisis: it will not be an apocalypse, but it will be radically different. Those who forsee this landscape can prepare now to preserve wealth. Provocative, stirring, and full of counterintuitive advice, Aftermath is the book every smart investor will want to get their hands on--as soon as possible.
Download or read book The Money Problem written by Morgan Ricks and published by University of Chicago Press. This book was released on 2016-03-09 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: An “intriguing plan” addressing shadow banking, regulation, and the continuing quest for financial stability (Financial Times). Years have passed since the world experienced one of the worst financial crises in history, and while countless experts have analyzed it, many central questions remain unanswered. Should money creation be considered a “public” or “private” activity—or both? What do we mean by, and want from, financial stability? What role should regulation play? How would we design our monetary institutions if we could start from scratch? In The Money Problem, Morgan Ricks addresses these questions and more, offering a practical yet elegant blueprint for a modernized system of money and banking—one that, crucially, can be accomplished through incremental changes to the United States’ current system. He brings a critical, missing dimension to the ongoing debates over financial stability policy, arguing that the issue is primarily one of monetary system design. The Money Problem offers a way to mitigate the risk of catastrophic panic in the future, and it will expand the financial reform conversation in the United States and abroad. “Highly recommended.” —Choice
Download or read book Financial Crisis Containment and Government Guarantees written by John Raymond LaBrosse and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÔThis enlightening volume provides an invaluable guide for those perplexed by the seemingly intractable problems of financial crises, sovereign distress, and government guarantees. Contributors include an all-star cast of leading figures in the field. Highly recommended.Õ Ð Geoffrey Miller, New York University, US ÔThe history of the 2007Ð09 and possibly beyond near-global financial crisis needs to be examined carefully in order to identify and understand the causes, the transmission across countries, the harm to macroeconomies, the public policies adopted, the effectiveness of such policies, and the lessons to be learned to prevent or at least mitigate future such crises. This volume contributes to this task. It brings together under one cover the analyses of the various aspects of the crisis by experts in each area. It should be priority reading for serious students of the crisis.Õ Ð George G. Kaufman, Loyola University Chicago, US ÔThe combination of the skills of the lawyer and of the economist has proved increasingly fruitful, developing both understanding and policy in many areas of life, such as accident prevention, crime prevention, and healthcare. This book follows the precedent of these areas and assembles a group of lawyers and economists who by their contributions, consider how best to deal with financial crises, and how to make their future occurrence less likely. It is both intellectually stimulating and practically important. The authors and editors are to be congratulated.Õ Ð Geoffrey Wood, Cass Business School and University of Buckingham, UK Financial Crisis Containment and Government Guarantees analyses the international communityÕs commitment to forging enhanced, well thought-out, mechanisms for containing systemic risks in the context of a highly interconnected global financial framework which incorporates ongoing financial innovation. While use of government guarantees is a central theme, the book also analyses the roles played by prudential regulators, central banks, deposit insurers and treasuries in dealing with the crisis. The book examines how governments, central banks, regulators and deposit insurance agencies have worked together to contain the global financial crisis. Additionally, it focuses on efforts to overcome ongoing obstacles, as well as the most important proposals to improve safety nets, both at the national level and internationally. This concise and detailed book will strongly appeal to students in law, economics and finance, law practitioners, policymakers in central banks and ministries of finance, as well as deposit protection agencies and regulatory agencies.
Download or read book Tectonic Shifts in Financial Markets written by Henry Kaufman and published by Springer. This book was released on 2017-02-16 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this wide-ranging book, Wall Street legend Henry Kaufman recounts the events surrounding the catastrophic collapse of Lehman Brothers from his then vantage point on the board. He explains how, ironically, the Federal Reserve’s shortcomings contributed to its growing power. And he argues that Dodd-Frank – by sanctioning rather than truly addressing the too‐big‐to‐fail dilemma – squandered a rare opportunity for essential reform. Whether sparring in print with Citicorp’s mercurial Walter Wriston, consulting with British Prime Minister Margaret Thatcher, spurning a deal with junk bond king Michael Milken, or reflecting on his long-time friend Paul Volcker, Kaufman brings readers inside post-war Wall Street. Looking ahead, he dissects major national and global trends and the likely future of credit markets, financial institutions, and leading economies. As we search for bearings in the wake of the 2008 financial debacle, Henry Kaufman offers sage and penetrating analysis of today’s superheated and – he argues – still‐fragile financial world.
Download or read book Financial Markets Regulation written by Orice Williams Brown and published by DIANE Publishing. This book was released on 2009-12 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Emergency Economic Stabilization Act directed a study of the role of leverage in the current financial crisis and federal oversight of leverage. The objectives were to review: (1) how leveraging and deleveraging by financial institutions may have contributed to the crisis; (2) regulations adopted by federal financial regulators to limit leverage and how regulators oversee compliance with the regulations; and (3) any limitations the current crisis has revealed in regulatory approaches used to restrict leverage and regulatory proposals to address them. To meet these objectives, the auditor reviewed relevant laws and regulations and academic and other studies, and interviewed regulators and market participants. Includes recommend. Illus.
