Anatomy of a financial crisis : a real estate bubble, runaway credit markets, and regulatory failure /
Jarsulic, Marc.
New York ; Basingstoke : Palgrave Macmillan,
2010.
An in-depth look at the origins and development of today's financial crisis, from an economist and Washington veteran. The author explains how a wide array of financial institutions--including mortgage banks, commercial banks, and investment banks--created a credit bubble that supported nonprime mortgage lending and helped to inflate house prices. The near-collapse of the financial system is shown to be the result of multiple regulatory failures and reckless decisions by financial firms that were less sophisticated than they appeared. It argues that significant changes in financial market regulation, especially with respect to firms that are "too big to fail," will be needed to prevent future crises and the damage they cause.
Includes bibliographical references (p. [157]-172) and index.
An in-depth look at the origins and development of today's financial crisis, from an economist and Washington veteran. The author explains how a wide array of financial institutions--including mortgage banks, commercial banks, and investment banks--created a credit bubble that supported nonprime mortgage lending and helped to inflate house prices. The near-collapse of the financial system is shown to be the result of multiple regulatory failures and reckless decisions by financial firms that were less sophisticated than they appeared. It argues that significant changes in financial market regulation, especially with respect to firms that are "too big to fail," will be needed to prevent future crises and the damage they cause.
Financial crises
Bank loans
Real property