After the Crash: Financial Crises and Regulatory Responses

The 2008 crash was the worst financial crisis and economic downturn since the Great Depression. It triggered a global regulatory overhaul and increased economic inequality and political polarization. After the Crash is an innovative analysis of the crisis and its ongoing influence, with experts discussing the origins, responses, and potential sources of the next one.

\n Format: Hardback
\n Length: 432 pages
\n Publication date: 08 October 2019
\n Publisher: Columbia University Press
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The 2008 financial crisis was a devastating economic downturn that surpassed the severity of the Great Depression. It led to a comprehensive overhaul of the global regulatory framework, introducing a multitude of new rules and regulations aimed at addressing the perceived weaknesses of the financial system. While the global economy managed to recover from the brink, the lingering consequences of the crisis include growing economic inequality and political polarization.

In After the Crash: An Innovative Analysis of the Crisis and Its Ongoing Influence on the Global Regulatory, Financial, and Political Landscape, a collection of experts and practitioners delve into the origins, effectiveness, and future implications of the crisis. Joseph Stiglitz, a Nobel Prize-winning economist, shares his insights on the factors that led to the crisis, including the role of deregulation and excessive risk-taking. Former congressman Barney Frank discusses the inadequate regulation and oversight that contributed to the meltdown. Former treasury secretary Jacob Lew offers his perspective on the challenges of reforming the financial system and preventing future crises. Paul Tucker, a former deputy governor of the Bank of England, explores the impact of the crisis on the global economy and the need for stronger regulatory measures. Steve Cutler, who served as general counsel of JP Morgan Chase during the financial crisis, shares his experiences and observations on the crisis's legal and regulatory aspects.

The book raises crucial questions about the origins of the crisis, the effectiveness of international and domestic regulatory responses, and the measures needed to address the roots of the crisis through reform and regulation. It also examines whether our financial systems and the global economy are better equipped to withstand another crash.

As a retrospective on the last crisis and an analysis of potential sources of the next one, After the Crash is an essential read for policymakers, financial professionals, and anyone interested in understanding the complex dynamics of the global economy. The book provides valuable insights and perspectives that can help shape our economic future and mitigate the risks associated with financial instability.

\n Weight: 766g\n
Dimension: 238 x 165 x 29 (mm)\n
ISBN-13: 9780231192842\n \n