000			03164cam a2200373 i 4500
999			_c6151 _d6151
003			BJBSDDR
005			20230404125847.0
007			ta
008			121109s2013 njuad b 001 0 eng
020			_a9780691145013 (cloth : alk. paper)
020			_a0691145016 (cloth : alk. paper)
035			_a17524743
040			_aDLC _beng _cDLC
041			_aspa
042			_apcc
043			_an-us---
050	1	4	_aHB 3717 _bM478p 2013
082	0	0	_a330.973/0931
100	1		_aMcCarty, Nolan M. _d1967- _q(Nolan Matthew),
245	1	0	_aPolitical bubbles : _bfinancial crises and the failure of American democracy / _cNolan McCarty, Keith T. Poole, Howard Rosenthal.
260		1	_aPrinceton : _bPrinceton University Press, _c2013.
300			_ax, 356 p. : _bill. ; _c24 cm
504			_aIncludes bibliographical references (p. [305]-326) and indexes.
505	0		_ap.1. The political bubble : why Washington allows financial crises to occur -- Bubble expectations -- Ideology -- Interests -- Institutions -- The political bubble of the crisis of 2008 -- p.2. Pops : why Washington delays in solving financial crises -- Historical lessons of the responses to pops -- The pop of 2008 -- "Pop"ulism -- How to waste a crisis.
520			_aBehind every financial crisis lurks a "political bubble"--policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles--arising from a potent combination of beliefs, institutions, and interests--aid, abet, and amplify risk. Demonstrating how political bubbles helped create the real estate-generated financial bubble and the 2008 financial crisis, this book argues that similar government oversights in the aftermath of the crisis undermined Washington's response to the "popped" financial bubble, and shows how such patterns have occurred repeatedly throughout US history. The authors show that just as financial bubbles are an unfortunate mix of mistaken beliefs, market imperfections, and greed, political bubbles are the product of rigid ideologies, unresponsive and ineffective government institutions, and special interests. Financial market innovations--including adjustable-rate mortgages, mortgage-backed securities, and credit default swaps--become subject to legislated leniency and regulatory failure, increasing hazardous practices. The authors shed important light on the politics that blinds regulators to the economic weaknesses that create the conditions for economic bubbles and recommend simple, focused rules that should help avoid such crises in the future. The first full accounting of how politics produces financial ruptures, Political Bubbles offers timely lessons that all sectors would do well to heed.
650		0	_aGlobal Financial Crisis, 2008-2009 _xPolitical aspects.
650		4	_aCrisis financiera global, 2008-2009 _xAspectos políticos.
650		0	_aFinancial crises _zUnited States _xHistory _y21st century.
650		4	_aCrisis financiera _zEstados Unidos _xHistoria _ySiglo XXI.
700	1		_aPoole, Keith T. _95929
700	1		_aRosenthal, Howard L., _d1939- _95930
942			_2lcc _cBK
946			_arsfv