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The road to financial reformation : warnings, consequences, reforms/ Henry Kaufman

By: Material type: TextTextLanguage: eng Publication details: Hoboken, N.J. : Wiley, 2009Description: 260 p.: ill.; 24 cmISBN:
  • 9780470532126
Subject(s): LOC classification:
  • HG 173 K21r 2009
Contents:
""Title Page""; ""Copyright Page""; ""Dedication""; ""Epigraph""; ""Foreword""; ""Acknowledgements""; ""Introduction""; ""PART I -- IN PERSPECTIVE""; ""Chapter 1 -- Past Blunders and Future Choices""; ""Chapter 2 -- Reflections on Business, the Lessons of History, and Globalization""; ""Chapter 3 -- If Adam Smith Were Alive Today""; ""PART II -- NEGLECTED EARLY WARNINGS""; ""Chapter 4 -- Troubling Trends in Financial Markets and Official Policies""; ""Chapter 5 -- Debt: The Threat to Economic and Financial Stability""; ""Chapter 6 -- The Decapitalization of American Corporations"" ""Chapter 7 -- Shortcomings in Financial Oversight""""PART III -- THE BIGNESS DILEMMA""; ""Chapter 8 -- From Financial Segmentation to Concentration""; ""Chapter 9 -- Financial Concentration in Economic Thought""; ""Chapter 10 -- Do We Still Need Glass-Steagall?""; ""Chapter 11 -- Banking and Commerce Should Not Merge""; ""PART IV -- FINANCIAL CRISES""; ""Chapter 12 -- Postwar Financial Crises, 1966-2001""; ""Chapter 13 -- The Great Financial Crisis of 2007-2009""; ""PART V -- POLICY FAILURES AND REFORMS""; ""Chapter 14 -- Public Policy and the Markets"" ""Chapter 15 -- The Perils of Monetary Gradualism""""Chapter 16 -- The Fed and the Governance of Financial Institutions""; ""Chapter 17 -- Transparency and the Fed""; ""PART VI -- PROSPECTS""; ""Chapter 18 -- Prospects for Interest Rates""; ""Chapter 19 -- The Financial Consequences of the Credit Crisis""; ""Selected Bibliography""; ""About the Author""; ""Index""
Summary: Our financial crisis: what happened, how we got here, and what needs to be done Henry Kaufman-an esteemed economist and statesman-is one of the most preeminent financial figures of the day, with a history of success from the 1980s, when his firm, Salomon Brothers, ruled the bond markets. In The Road to Financial Reformation, Dr. Kaufman, who has spent a lifetime entrenched in the world of finance, provides an insightful account of the history and impact of post-World War II financial markets on the economy-what happened, how we got to where we are today, and what needs to be done. Drawing on his vast breadth of knowledge and experience, Kaufman reveals the mistakes that got us into this debacle, the consequences-as they have not been fully realized-and how to put our derailed economy back on track. This book details Dr. Kaufman's warnings and concerns expressed repeatedly throughout the last quarter century, and shows that what he predicted came to pass.-Provides an insightful account of the history and impact of post-World War II financial markets on the economy -Explores the erosion of credit ratings on corporate debt in the late 1980s and the rapid increase in financial concentration of institutions -Discusses the blinding faith in models that rely on historical data but fail to take into account economic and financial market structural changes With his breadth of knowledge and experience, Kaufman details that this crisis was foreseeable (he saw it coming), and how we created this history-making financial crisis. He also explains the consequences still to come, and presents solutions on how we can recover and reform the markets.
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Holdings
Item type Current library Home library Collection Shelving location Call number Copy number Status Date due Barcode
Libro Libro Biblioteca Juan Bosch Biblioteca Juan Bosch Ciencias Sociales Ciencias Sociales (3er. Piso) HG 173 K21r 2009 (Browse shelf(Opens below)) 1 Available 00000143962

Title from resource description page (Recorded Books, viewed November 21, 2013).

""Title Page""; ""Copyright Page""; ""Dedication""; ""Epigraph""; ""Foreword""; ""Acknowledgements""; ""Introduction""; ""PART I --
IN PERSPECTIVE""; ""Chapter 1 --
Past Blunders and Future Choices""; ""Chapter 2 --
Reflections on Business, the Lessons of History, and Globalization""; ""Chapter 3 --
If Adam Smith Were Alive Today""; ""PART II --
NEGLECTED EARLY WARNINGS""; ""Chapter 4 --
Troubling Trends in Financial Markets and Official Policies""; ""Chapter 5 --
Debt: The Threat to Economic and Financial Stability""; ""Chapter 6 --
The Decapitalization of American Corporations"" ""Chapter 7 --
Shortcomings in Financial Oversight""""PART III --
THE BIGNESS DILEMMA""; ""Chapter 8 --
From Financial Segmentation to Concentration""; ""Chapter 9 --
Financial Concentration in Economic Thought""; ""Chapter 10 --
Do We Still Need Glass-Steagall?""; ""Chapter 11 --
Banking and Commerce Should Not Merge""; ""PART IV --
FINANCIAL CRISES""; ""Chapter 12 --
Postwar Financial Crises, 1966-2001""; ""Chapter 13 --
The Great Financial Crisis of 2007-2009""; ""PART V --
POLICY FAILURES AND REFORMS""; ""Chapter 14 --
Public Policy and the Markets"" ""Chapter 15 --
The Perils of Monetary Gradualism""""Chapter 16 --
The Fed and the Governance of Financial Institutions""; ""Chapter 17 --
Transparency and the Fed""; ""PART VI --
PROSPECTS""; ""Chapter 18 --
Prospects for Interest Rates""; ""Chapter 19 --
The Financial Consequences of the Credit Crisis""; ""Selected Bibliography""; ""About the Author""; ""Index""


Our financial crisis: what happened, how we got here, and what needs to be done Henry Kaufman-an esteemed economist and statesman-is one of the most preeminent financial figures of the day, with a history of success from the 1980s, when his firm, Salomon Brothers, ruled the bond markets. In The Road to Financial Reformation, Dr. Kaufman, who has spent a lifetime entrenched in the world of finance, provides an insightful account of the history and impact of post-World War II financial markets on the economy-what happened, how we got to where we are today, and what needs to be done. Drawing on his vast breadth of knowledge and experience, Kaufman reveals the mistakes that got us into this debacle, the consequences-as they have not been fully realized-and how to put our derailed economy back on track. This book details Dr. Kaufman's warnings and concerns expressed repeatedly throughout the last quarter century, and shows that what he predicted came to pass.-Provides an insightful account of the history and impact of post-World War II financial markets on the economy -Explores the erosion of credit ratings on corporate debt in the late 1980s and the rapid increase in financial concentration of institutions -Discusses the blinding faith in models that rely on historical data but fail to take into account economic and financial market structural changes With his breadth of knowledge and experience, Kaufman details that this crisis was foreseeable (he saw it coming), and how we created this history-making financial crisis. He also explains the consequences still to come, and presents solutions on how we can recover and reform the markets.

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