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Item Details
Title: GUARDIANS OF FINANCE
MAKING REGULATORS WORK FOR US
By: James R. Barth, Gerard Caprio Jr., Ross Levine
Format: Paperback

List price: £31.49


We currently do not stock this item, please contact the publisher directly for further information.

ISBN 10: 0262526840
ISBN 13: 9780262526845
Publisher: MIT PRESS LTD
Pub. date: 29 August, 2014
Series: Guardians of Finance
Pages: 296
Synopsis: The recent financial crisis was an accident, a "perfect storm" fueled by an unforeseeable confluence of events that unfortunately combined to bring down the global financial systems. Or at least this is the story told and retold by a chorus of luminaries that includes Timothy Geithner, Henry Paulson, Robert Rubin, Ben Bernanke, and Alan Greenspan. In Guardians of Finance, economists James Barth, Gerard Caprio, and Ross Levine argue that the financial meltdown of 2007 to 2009 was no accident; it was negligent homicide. They show that senior regulatory officials around the world knew or should have known that their policies were destabilizing the global financial system and yet chose not to act until the crisis had fully emerged.Barth, Caprio, and Levine propose a reform to counter this systemic failure: the establishment of a "Sentinel" to provide an informed, expert, and independent assessment of financial regulation. Its sole power would be to demand information and to evaluate it from the perspective of the public--rather than that of the financial industry, the regulators, or politicians.
Reader Age: From 18 years
Illustrations: 2 figures, 4 tables
Publication: US
Imprint: MIT Press
Prizes: Winner of Honorable Mention, 2012 American Publishers Award for
Returns: Non-returnable
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