The US Financial System and its Crises
Springer International Publishing (Verlag)
978-3-030-14488-3 (ISBN)
Looking at the precedents set by the panic of 1907 and the Great Depression in America, this book investigates the causes of the 2007-2008 financial crisis. Pizzutto examines the effects of monetary policy, as well as of expanding and contracting financial cycles, in order to analyze the breakdown of the money market and capital market circuits. Not only exploring the impact of the Federal Reserve and central banking on monetary policy, he also analyzes the role of non-bank financial intermediaries.
How can monetary policy resolve the instability of the US financial system? How can financial intermediation work effectively? This timely book highlights how historical lessons can be used to avoid the next financial crisis.Giorgio Pizzutto is Professor and Head of the Department of Economics, Management and Quantitative Methods at the University of Milan, Italy.
Chapter 1: Introduction.- Chapter 2: The US financial system from the National Banking Act to the crisis of 2007.- Chapter 3: The birth of the Federal reserve and its monetary policy.- Chapter 4: Non bank financial intermediaries and the crisis of 1929.- Chapter 5: The Great Depression.- Chapter 6: The money market after the second world war: securitization and the role of dealers.- Chapter 7: Monetary policy, spread compression and the house market.- Chapter 8: The money market, the collateral market and the crisis of 2007-08.- Chapter 9 Conclusions.
| Erscheinungsdatum | 17.04.2019 |
|---|---|
| Reihe/Serie | Palgrave Studies in Economic History |
| Zusatzinfo | X, 219 p. 13 illus., 12 illus. in color. |
| Verlagsort | Cham |
| Sprache | englisch |
| Maße | 148 x 210 mm |
| Gewicht | 432 g |
| Themenwelt | Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte |
| Wirtschaft ► Allgemeines / Lexika | |
| Schlagworte | American economic history • Banking • Central banking history • Dealer financing • Federal Reserve • Financial Crises • History of Finance • History of Financial Markets • Housing Market Crash • National Banking Act • Non-bank financial intermediaries • panic of 1907 • Securitization • Spread compression • The collateral market • The Great Depression • The Great Recession • US Financial System • US monetary policy • World War Two economics |
| ISBN-10 | 3-030-14488-7 / 3030144887 |
| ISBN-13 | 978-3-030-14488-3 / 9783030144883 |
| Zustand | Neuware |
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