000			03166nam a2200361 i 4500
001			CR9780511984495
003			UkCbUP
005			20240802185329.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			101125s2008||||enk o ||1 0|eng|d
020			_a9780511984495 (ebook)
020			_z9781107011496 (hardback)
020			_z9781107648883 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
050	0	0	_aHB3717 2008 _b.L93 2011
082	0	0	_a330.90511 _223
100	1		_aLybeck, Johan A., _d1944- _eauthor.
245	1	2	_aA global history of the financial crash of 2007-2010 / _cJohan A. Lybeck.
264		1	_aCambridge : _bCambridge University Press, _c2008.
300			_a1 online resource (xxii, 392 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
500			_aTitle from publisher's bibliographic system (viewed on 05 Oct 2015).
505	0		_aIntroduction -- Financial crises in the USA and Europe, but not in Asia -- Appendix 2.1. Chronology of events: January 2007-June 2011 -- Could today's financial crisis have been foreseen? -- The US housing market and the subprime crisis -- Securitization and derivatives spread the crisis around the world -- Appendix 5.1 Inherent conflicts of interest in subprime securitization; Appendix 5.2 Write-downs in banks and insurance companies, 2007-2009 -- Liquidity risk aspects of the crisis and a comparison with 1907 and 1929 -- Appendix 6.1 The liquidity-risk framework proposed by theFSA and the BIS -- Credit risk aspects of the crisis, rating and solvency -- Appendix 7.1 Government support activities for banks' capital ratios, 2007-2010 -- Appendix 7.2 The proposed new capital requirements under Basel III -- Worldwide changes in regulation and supervision as a result of the crisis -- Appendix 9.1. list of regulatory authorities in the United States -- Appendix 9.2. Overview of bank taxes in different countries -- Outstanding issues.
520			_aWe have just experienced the worst financial crash the world has seen since the Great Depression of the 1930s. While real economies in general did not crash as they did in the 1930s, the financial parts of the economy certainly did, or, at least, came very close to doing so. Hundreds of banks in the United States and Europe have been closed by their supervisory authorities, forcibly merged with stronger partners, nationalized or recapitalized with the tax payers' money. Banks and insurance companies had, by mid 2010, already written off some 2000 billion dollars in credit write-downs on loans and securities. In this book, Johan Lybeck draws on his experience as both an academic economist and a professional banker to present a detailed yet non-technical analysis of the crash. He describes how the crisis began in early 2007, explains why it happened and shows how it compares to earlier financial crises.
650		0	_aGlobal Financial Crisis, 2008-2009.
650		0	_aFinancial crises.
776	0	8	_iPrint version: _z9781107011496
856	4	0	_uhttps://doi.org/10.1017/CBO9780511984495
942			_2ddc _cEB
999			_c9208 _d9208