Beschreibung:
Analysis of the current financial/economic crisis from the Director of the Banking Sector at the FSA (Financial Services Authority). New edition updated to take account of changes in regulation and legislation in the US, EU and UK. Many of these changes were in line with the recommendations made in the original edition
New edition of the analysis of the causes of the financial crisis of 2007 - 2009 by the FSA Director of Banking Sector, fully updated with the latest developments in regulation and resolution
Introduction PART I: CAUSE Rational Exuberance Too Much of a Good Thing PART II: CONTAINMENT Conditional Containment Moving towards Meltdown Unconditional Containment PART III: CURE Better Macroeconomic Policy Better Resolution Better Deposit Guarantee Schemes Better Regulation Better Supervision Conclusion Notes References Index