06269cam a2200685 i 4500 119208 119208 18854516 BJBSDDR 20230805181430.0 ta 151112t20142014caua b 001 0 eng c 2015452743 9780817917845 (hbk.) 0817917845 (hbk.) 9780817917869 (epub) 9780817917876 (mobi) 9780817917883 (PDF) (OCoLC)ocn888553409 YDXCP eng YDXCP rda BTCTA BDX DBI OCLCO OCLCQ CDX NDL OCLCF DLC eng pcc n-us--- HB3717 2008 C951 2014 330.973/0931 23 Across the great divide : new perspectives on the financial crisis / edited by Martin Neil Baily and John B. Taylor ; contributing authors: Martin Neil Baily, Sheila C. Bair, Alan S. Blinder, Michael D. Bordo, John H. Cochrane, Ricardo R. Delfin, Darrell Duffie, Douglas J. Elliott, Peter R. Fisher, Randall D. Guynn, Michael S. Helfer, Simon Hilpert, Allan H. Meltzer, Paul Saltzman, Kenneth E. Scott, George P. Shultz, David A. Skeel, Steve Strongin, Lawrence H. Summers, John B. Taylor, Kevin M. Warsh. New perspectives on the financial crisis Stanford, California : Hoover Institution Press, Stanford University, 2014. Stanford, California : Hoover Institution Press, Stanford University, 2014. ©2014 vi, 409 pages : illustrations (some color) ; 23 cm. text txt rdacontent unmediated n rdamedia volume nc rdacarrier Hoover Institution Press Publication ; No. 652 "A unique collaborative account of the causes and effects of the financial crisis by Hoover Institution and Brookings Institution." Includes bibliographical references and index. Introduction / Martin Neil Baily and John B. Taylor -- Chapter 1. How efforts to avoid past mistakes created new ones : some lessons from the causes and consequences of the recent financial crisis / Sheila C. Bair and Ricardo R. Delfin -- Chapter 2. Low equilibrium, real rates, financial crisis, and secular stagnation / Lawrence H. Summers -- Chapter 3. Causes of the financial crisis and the slow recovery : a ten-year perspective / John B. Taylor -- Chapter 4. Rethinking macro: reassessing micro-foundations / Kevin M. Warsh -- Chapter 5. The Federal Reserve policy, before, during, and after the fall / Alan S. Blinder -- Chapter 6. The Federal Reserve's role : actions before, during, and after the 2008 Panic in the historical context of the Great Contraction / Michael D. Bordo -- Chapter 7. Mistakes made and lesson (being) learned : implications for the Fed's mandate / Peter R. Fisher -- Chapter 8. A slow recovery with low inflation / Allan H. Meltzer -- Chapter 9. How is the system safer? What more is needed? / Martin Neil Baily and Douglas J. Elliott -- Chapter 10. Toward a run-free financial system / John H. Cochrane -- Chapter 11. Financial market infrastructure : too important to fail / Darrell Duffie -- Chapter 12. "Too Big to Fail" from an economic perspective / Steve Strongin -- Chapter 13. Framing the TBTF problem : the path to a solution / Randall D. Guynn -- Chapter 14. Designing a better bankruptcy resolution / Kenneth E. Scott -- Chapter 15. Single point of entry and the bankruptcy alternative / David A. Skeel Jr. -- Chapter 16. We need Chapter 14 -- and we need Title II / Michael S. Helfer -- Remarks on key issues facing financial institutions / Paul Saltzman -- Concluding remarks / George P. Schultz -- Summary of the commentary / Simon Hilpert. The financial crisis of 2008 devastated the American economy and caused U.S. policymakers to rethink their approaches to major financial crises. More than five years have passed since the collapse of Lehman Brothers, but questions still persist about the best ways to avoid and respond to future financial crises. In Across the Great Divide, a copublication with Brookings Institution, contributing economic and legal scholars from academia, industry, and government analyze the financial crisis of 2008, from its causes and effects on the U.S. economy to the way ahead. The expert contributors consider postcrisis regulatory policy reforms and emerging financial and economic trends, including the roles played by highly accommodative monetary policy, securitization run amok, government-sponsored enterprises (GSEs), large asset bubbles, excessive leverage, and the Federal funds rate, among other potential causes. They discuss the role played by the Federal Reserve and examine the concept of “too big to fail.” And they review and assess resolution frameworks, considering experiences with Lehman Bros. and other firms in the crisis, Title II of the Dodd-Frank Act, and the Chapter 14 bankruptcy code proposal. Global Financial Crisis (2008-2009) fast (OCoLC)fst01755654 29394 2008 - 2009 fast Global Financial Crisis, 2008-2009. Financial crises United States. Banks and banking State supervision United States. Bank failures United States. Monetary policy United States. Banking law United States. Bank failures. fast (OCoLC)fst00826658 Banking law. fast (OCoLC)fst00826811 Banks and banking State supervision. fast (OCoLC)fst00826996 Financial crises. fast (OCoLC)fst00924607 Monetary policy. fast (OCoLC)fst01025230 United States. fast (OCoLC)fst01204155 Baily, Martin Neil, editor. 29396 1945- Taylor, John B. editor. 20230 1946- (John Brian), Hoover Institution on War, Revolution, and Peace, issuing body. 29398 Brookings Institution, issuing body. Hoover Institution publication 652. 29399 7 cbc pccadap 2 ncip 20 y-gencatlg lcc BK 0 0 lcc 0 0 APT BJB BJB APT 2023-04-28 0 HB3717 2008 C951 2014 00000168191 2023-04-28 00:00:00 1 2023-04-28 BK