The Panic of 2008

Causes, Consequences and Implications for Reform

Lawrence E. Mitchell, Jr Wilmarth Arthur E. (Herausgeber)

Buch | Hardcover

368 Seiten

2010
Edward Elgar Publishing Ltd (Verlag)
978-1-84980-261-1 (ISBN)

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The Panic of 2008 brings together scholars from a variety of disciplines to examine the causes and consequences of the global credit crisis, the subsequent collapse of the financial markets, and the following recession. The book evaluates the crisis in historical context, explores its various legal, economic, and financial dimensions, and considers various possibilities for reform. The Panic of 2008 is one of the first in-depth efforts to study the crisis as it was in the very earliest stage of resolution, and establishes a foundation for thinking about and evaluating current reform efforts and the likelihood of recurrence.

This is a thorough and detailed examination by leading scholars from law, history, finance and economics and as such will be of great interest to the scholarly communities of legal academicians, financial historians, financial economists, and economists. General readers engaged with the ramifications of the financial crisis, including practising lawyers, policymakers, and financial and business professionals, will also find the book invaluable.

Edited by Lawrence E. Mitchell, Theodore Rinehart Professor of Business Law, The George Washington University Law School, US and Arthur E. Wilmarth, Jr., Professor of Law, The George Washington University Law School, US

Contents:

Introduction
Chronology of the Panic of 2008

PART I: HISTORICAL ANTECEDENTS
1. The Panic of 2008: Something Old and Something New
Maury Klein

2. The Anatomy of a Residential Mortgage Crisis: A Look Back to the 1930s
Kenneth A. Snowden, Jr.

PART II: CAUSES, CONSEQUENCES, AND IMPLICATIONS FOR REFORM
3. Stress Testing and Scenario Analysis in Risk Management: Preparing for the Worst
James Fanto

4. Too Big to Fail? Recasting the Financial Safety Net
Steven L. Schwarcz

5. Overdependence on Credit Ratings Was a Primary Cause of the Crisis
Frank Partnoy

6. Federal Preemption, Regulatory Failure and the Race to the Bottom in US Mortgage Lending Standards
Patricia A. McCoy

7. Lessons from 2008 US Bank Failures
William C. Handorf

8. Defaults and Returns in the High-Yield Bond Market: The Year 2008 in Review and Outlook
Edward I. Altman and Brenda J. Karlin

9. Regulating the Financial Markets by Examinations
Tamar Frankel

10. The Sewers of Jefferson County: Disclosure, Trust and Truth in Modern Finance
Theresa A. Gabaldon

11. It’s Time to Resuscitate the Shareholder Derivative Action
Edward Labaton and Michael W. Stocker

12. Cuomo v. Clearing House: The Supreme Court Responds to the Subprime Financial Crisis and Delivers a Major Victory for the Dual Banking System and Consumer Protection
Arthur E. Wilmarth, Jr.

Index

Erscheint lt. Verlag	29.10.2010
Verlagsort	Cheltenham
Sprache	englisch
Maße	156 x 234 mm
Themenwelt	Sonstiges ► Geschenkbücher
	Recht / Steuern ► EU / Internationales Recht
	Recht / Steuern ► Wirtschaftsrecht ► Bank- und Kapitalmarktrecht
ISBN-10	1-84980-261-0 / 1849802610
ISBN-13	978-1-84980-261-1 / 9781849802611
Zustand	Neuware