An insightful look at how to reform our broken financial system
The financial crisis that unfolded in September 2008 transformed
the United States and world economies. As each day's headlines
brought stories of bank failures and rescues, government policies
drawn and redrawn against the backdrop of an historic Presidential
election, and solutions that seemed to be discarded almost as soon
as they were proposed, a group of thirty-three academics at New
York University Stern School of Business began tackling the hard
questions behind the headlines. Representing fields of finance,
economics, and accounting, these professors-led by Dean Thomas
Cooley and Vice Dean Ingo Walter-shaped eighteen independent policy
papers that proposed market-focused solutions to the problems
within a common framework. In December, with great urgency, they
sent hand-bound copies to Washington. "Restoring Financial
Stability" is the culmination of their work.Proposes bold, yet
principled approaches-including financial policy alternatives and
specific courses of action-to deal with this unprecedented,
systemic financial crisisCreated by the contributions of various
academics from New York University's Stern School of
BusinessProvides important perspectives on both the causes of the
global financial crisis as well as proposed solutions to ensure it
doesn't happen againContains detailed evaluations and analyses
covering many spectrums of the marketplace
Edited by Matthew Richardson and Viral Acharya, this reliable
resource brings together the best thinking of finance and economics
from the faculty of one of the top universities in world.
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