The US Financial System and its Crises - Giorgio Pizzutto

The US Financial System and its Crises

From the 1907 Panic to the 2007 Crash
Buch | Hardcover
X, 219 Seiten
2019 | 1st ed. 2019
Springer International Publishing (Verlag)
978-3-030-14488-3 (ISBN)
96,29 inkl. MwSt

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
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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