Reforming U.S. financial markets : reflections before and beyond Dodd-Frank / Randall S. Kroszner and Robert J. Shiller ; the Alvin Hansen Symposium on Public Policy, Harvard University ; edited and with an introduction by Benjamin M. Friedman. - Cambridge, Mass. : MIT Press, ©2011. - 152 p.; 22 cm - Alvin Hansen Symposium Series on Public Policy . - Alvin Hansen Symposium Series on Public Policy .

Papers and discussions presented at the fifth Alvin Hansen Symposium on Public Policy, held at Harvard University on April 30, 2009.

Includes bibliographical references and index.

Cover ; Contents; Introduction; 1 Democratizing and Humanizing Finance; 2 Making Markets More Robust; 3 Comments; 4 Responses; 5 Rejoinder; Contributors; Index

"Over the last few years, the financial sector has experienced its worst crisis since the 1930s. The collapse of major firms, the decline in asset values, the interruption of credit flows, the loss of confidence in firms and credit market instruments, the intervention by governments and central banks: all were extraordinary in scale and scope. In this book, leading economists Randall Kroszner and Robert Shiller discuss what the United States should do to prevent another such financial meltdown. Their discussion goes beyond the nuts and bolts of legislative and regulatory fixes to consider fundamental changes in our financial arrangements. Kroszner and Shiller offer two distinctive approaches to financial reform, with Kroszner providing a systematic analysis of regulatory gaps and Shiller addressing the broader concerns of democratizing and humanizing finance. After brief discussions by four commentators Benjamin M. Friedman, George G. Kaufman, Robert C. Pozen, and Hal S. Scott), Kroszner and Shiller each offer a response to the other's proposals, creating a fruitful dialogue between two major figures in the field"--Publisher's description.


English

9780262015455 128302019X 9786613020192 0262295954

9786613020192


Finanzas--Estados Unidos
Crisis financiera--Estados Unidos


Estados Unidos --Economía Política

ECONOMICS/Finance

HG 181 / R332 2011

332.0973