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Financial Restructuring to Sustain Recovery (Paperback)
Loot Price: R832
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Financial Restructuring to Sustain Recovery (Paperback)
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The financial crisis of 2007-08 and the Great Recession caused more
widespread economic trauma than any event since the Great
Depression. With a slow and uneven recovery, encouraging stability
and growth is critical. Financial Restructuring to Sustain Recovery
maintains that while each part of the financial services industry
can play a useful role in revving up the U.S. economic engine to
full capacity, the necessary reforms are sometimes subtle and often
difficult to implement. Editors Martin Neil Baily, Richard Herring,
and Yuta Seki and their coauthors break recovery down by three
areas: Restructuring the housing finance market Reforming the
bankruptcy process Reenergizing the market for initial public
offerings Included are lessons drawn from Japan's experience in
overcoming its long-lasting financial crisis after the collapse of
its real estate market in the 1990s. Contributors: Franklin Allen
(Wharton School, University of Pennsylvania, USA), James R. Barth
(Auburn University College of Business; Milken Institute), Thomas
Jackson (Simon School of Business, University of Rochester), Jay R.
Ritter (Warrington College of Business, University of Florida,
USA), David Skeel (University of Pennsylvania Law School, USA), and
Glenn Yago (Milken Institute).
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