Reforming U.S. Financial Markets : Reflections Before and Beyond Dodd-Frank

Description

Two top economists outline distinctive approaches to post-crisis financial reform. Over the last few years, the financial sector has experienced its worst crisis since the 1930s. The collapse of major firms, the decline in asset values, the interruption of credit flows, the loss of confidence in firms and credit market instruments, the intervention by governments and central banks: all were extraordinary in scale and scope. In this book, leading economists Randall Kroszner and Robert Shiller discuss what the United States should do to prevent another such financial meltdown. Their discussion goes beyond the nuts and bolts of legislative and regulatory fixes to consider fundamental changes in our financial arrangements. Kroszner and Shiller offer two distinctive approaches to financial reform, with Kroszner providing a systematic analysis of regulatory gaps and Shiller addressing the broader concerns of democratizing and humanizing finance. After brief discussions by four commentators Benjamin M. Friedman, George G. Kaufman, Robert C. Pozen, and Hal S. Scott), Kroszner and Shiller each offer a response to the other's proposals, creating a fruitful dialogue between two major figures in the field.

Details

Author(s)
Randall S. Kroszner, Robert J. Shiller, Benjamin M. Friedman
Format
Paperback | 170 pages
Dimensions
137 x 203 x 10mm | 191g
Publication date
08 Feb 2013
Publisher
MIT Press Ltd
Imprint
MIT Press
Publication City/Country
Cambridge, Mass., United States
Language
English
ISBN10
0262518732
ISBN13
9780262518734
Bestsellers rank
2,261,216

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