Lessons Not Learned: 10 Steps to Stable Financial Markets - Softcover

Trimbath, Susanne

Softcover

ISBN 10: 1910151238 ISBN 13: 9781910151235

Verlag: Spiramus Press, 2015

Inhaltsangabe

''In a time of mind-boggling complexity in financial regulation - too complex, according to Ben Bernanke, for the Federal Reserve System to understand its impact - Lessons Not Learned is a refreshing call to return to a simpler, more basic approach. Susanne Trimbath emphasizes that the failure to implement regulations, a key factor in the crisis of 2008, remains the system's Achilles heel. This book features a refreshing combination of research grounding and pragmatic experience. A must read for taxpayers and their representatives!'' -- Jerry Caprio, (currently) Williams College, (formerly - 1988-2005) World Bank, Director, Operations and Policy Department, Financial Sector Vice Presidency *** Much has been written and spoken about the lessons learned from the financial crisis of 2009. This book lists the lessons not learned before the financial crisis. It demonstrates that the theoretical and intellectual frameworks for regulating financial systems that had been available since at least 2001 could have prevented the systemic failure in the United States that led to the collapse of global credit markets in 2007-2009. Step-by-step, the book will guide readers through what can be done right now, and/or what could have been done before 2008 or the Dodd-Frank Act. The book concludes with a key idea for how to make financial service businesses stand out from the crowd and be successful in the coming decades. The list of '10 Steps' is quite straight-forward and simple: ** Have private, independent rating agencies. ** Provide some government safety net, but not so much that banks are not held accountable ("Too Big to Fail"). ** Allow very little government ownership and control of national financial assets. ** Allow banks to reduce the volatility of returns by offering a wide-range of services. ** Require financial market players to register and be authorized. ** Provide information, including setting standards, to enhance market transparency. ** Routinely examine financial institutions to ensure that the regulatory code is obeyed. ** Enforce the code and discipline transgressors. ** Develop policies that keep the regulatory code up-to-date. ** Encourage the creation of specialized financial institutions. For each step, the reader will find legislative/regulatory background on the existing rules, plus what academic work is available on the theory. The book also includes facts showing where they were not implemented/enforced in the US (with examples of countries that did get it right), where applicable, and data supporting the connection between the steps and the events of 2008. *** Librarians: ebook available *** "A truly impressive and articulate analysis, 'Lessons Not Learned: 10 Steps to Stable Financial Markets' should be a part of every community, governmental, corporate, NGO, college, and university Contemporary Economics reference collection and supplemental studies reading list." -- Midwest Book Review, MBR Bookwatch: February 2016, Helen's Bookshelf [Subject: Economics, Finance]

Über diesen Titel

Über die Autorin bzw. den Autor

Susanne Trimbath

holds a Ph.D. in Economics from New York University and received her MBA in Management from Golden Gate University. Prior to forming STP Advisory Services, Dr. Trimbath was Senior Research Economist in Capital Studies at Milken Institute (Santa Monica, CA) and Senior Advisor on the Russian Capital Markets Project (USAID-funded) with KPMG in Moscow and St. Petersburg. She started her career in financial services operations at the Federal Reserve Bank of San Francisco. Since 1989, Dr. Trimbath has taught economics and finance in university graduate and undergraduate programs as adjunct, associate and full-time professor. Dr. Trimbath helped create the Transportation Performance Index for the U.S. Chamber of Commerce (Washington, D.C.) which she used to demonstrate the real economic payoff of investments in infrastructure.

Dr. Trimbath authored, edited and contributed chapters to five books, including Mergers and Efficiency (2002), Beyond Junk Bonds (2003), and Methodological Issues in Accounting Research (2006). Her media credits include appearances on national television and radio programs (CNBC's Power Lunch and NPR's Marketplace) and the Bloomberg report Phantom Shares. Dr. Trimbath's articles appear in the national publications US Banker, The International Economy, and The American Enterprise in addition to academic, peer-reviewed journals. Dr. Trimbath is a contributing editor at NewGeography.com.

Details zur Ausgabe

• Verlag: Spiramus Press
• Erscheinungsdatum: 2015
• Sprache: Englisch
• ISBN 10: 1910151238
• ISBN 13: 9781910151235
• Einband: Taschenbuch
• Auflage: 1
• Anzahl der Seiten: 288
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: preigu; mail@preigu.de; ; Lengericher Landstr. 19; Osnabrück; 49078; Deutschland