The US Financial System and its Crises
ISBN:
978-3-03-014488-3
Auflage:
1st ed. 2019
Verlag:
Springer International Publishing
Land des Verlags:
Schweiz
Erscheinungsdatum:
15.04.2019
Reihe:
Palgrave Studies in Economic History
Format:
Hardcover
Seitenanzahl:
219
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Looking at the precedents set by the panic of 1907 and the Great Depression in America, this book investigates the causes of the 2007-2008 financial crisis. Pizzutto examines the effects of monetary policy, as well as of expanding and contracting financial cycles, in order to analyze the breakdown of the money market and capital market circuits. Not only exploring the impact of the Federal Reserve and central banking on monetary policy, he also analyzes the role of non-bank financial intermediaries.
How can monetary policy resolve the instability of the US financial system? How can financial intermediation work effectively? This timely book highlights how historical lessons can be used to avoid the next financial crisis.
Schlagwörter
Securitization
Federal Reserve
History of Finance
The Great Recession
The Great Depression
American economic history
History of financial markets
Central banking history
Housing Market Crash
National Banking Act
Panic of 1907
Spread compression
The collateral market
Dealer financing
World War Two economics
Non-bank financial intermediaries
Biografische Anmerkung
Giorgio Pizzutto is Professor and Head of the Department of Economics, Management and Quantitative Methods at the University of Milan, Italy.
