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Guardians of Finance Making Regulators Work for Us

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ISBN-10: 0262526840

ISBN-13: 9780262526845

Edition: 2012

Authors: James R. Barth, Gerard Caprio, Ross Levine

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Description:

The recent financial crisis was an accident, a "perfect storm" fueled by anunforeseeable confluence of events that unfortunately combined to bring down the global financialsystems. Or at least this is the story told and retold by a chorus of luminaries that includesTimothy Geithner, Henry Paulson, Robert Rubin, Ben Bernanke, and Alan Greenspan.In Guardians of Finance, economists James Barth, GerardCaprio, and Ross Levine argue that the financial meltdown of 2007 to 2009 was no accident; it wasnegligent homicide. They show that senior regulatory officials around the world knew or should haveknown that their policies were destabilizing the global financial system and yet chose not to actuntil…    
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Book details

Copyright year: 2012
Publisher: MIT Press
Publication date: 10/3/2014
Binding: Paperback
Pages: 296
Size: 5.75" wide x 8.50" long x 1.00" tall
Weight: 0.836
Language: English

James R. Barth is Lowder Eminent Scholar in Finance at Auburn University and Senior Finance Fellow at the Milken Institute.

Gerard Caprio Jr. is William Brough Professor of Economics and Chair of the Center for Development Economics at Williams College.

Ross Levine is the Willis H. Booth Chair in Banking and Finance at the University of California, Berkeley, and Senior Fellow at the Milken Institute.