Predictable and Avoidable
Subtitle: Repairing Economic Dislocation and Preventing the Recurrence of Crisis
Publisher: Taylor & Francis Group
Published: 2013
Language: eng
Number of pages: 438
ISBN-13: 9781409454458
Subjects: Financial crises; Financial risk management; Economic policy
Description: Much has been said and written about the "financial tsunami" and economic dislocation that occurred in the opening decade of the 21st century. In Predictable and Avoidable, Professor Dr Ivo Pezzuto offers an independent and ubiased analysis of the financial crisis and one of the first fully considered expositions of the financial, governance and regulatory reforms needed for the future. With personal interviews involving selected global thought leaders and industry experts, the narrative focuses on the technical issues that led to global crisis and the human, cultural, and ethical aspects of the events. It exposes the root causes and demonstrates that the crisis we have seen was predicatble and should have been avoidable, and that a recurrence can be avoided, but only if lessons are learned and the right action taken in relation to the banking and finance industries and to supervisory frameworks and regulatory mechanisms. -- Back cover.