Guardians of Finance The recent financial crisis was an accident, a "perfect storm" fueled by an unforeseeable confluence of events that unfortunately combined to bring down the global financial systems. Or at least this is the story told and retold by a chorus of luminaries that includes Timothy Geithner, Henry Paulson, Robert Rubin, Ben Bernanke, and Alan Greenspan. In Guardians of Finance, economists James Barth, Gerard Caprio, and Ross Levine argue that the financial meltdown of 2007 to 2009 was no accident; it was negligent homicide. They show that senior regulatory officials around the world knew or should have known that their policies were destabilizing the global financ...
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Review:
This is a timely, well-written, and nontechnical book by established experts in the field. -- R.Grossman, Choice For those involved in policy formulation and regulation, whether at national or international level, in government or financial institutions, this is compulsory reading. -- Richard Parlour, Central Banking Journal
About the Author:
James R. Barth is Lowder Eminent Scholar in Finance at Auburn University and Senior Finance Fellow at the Milken Institute. Gerard Caprio Jr. is William Brough Professor of Economics and Chair of the Center for Development Economics at Williams College. Ross Levine is the Willis H. Booth Chair in Banking and Finance at the University of California, Berkeley, and Senior Fellow at the Milken Institute.
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- PublisherMIT Press
- Publication date2012
- ISBN 10 0262017393
- ISBN 13 9780262017398
- BindingHardcover
- Number of pages256
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