The world's best financial minds help us understand today's financial crisisWith so much information saturating the market for the everyday investor, trying to understand why the economic crisis happened and what needs to be done to fix it can be daunting. There is a real need, and demand, from both investors and the financial community to obtain answers as to what really happened and why.Lessons from the Financial Crisis brings together the leading minds in the worlds of finance and academia to dissect the crisis. Divided into three comprehensive sections-The Subprime Crisis; The Global Financial Crisis; and Law, Regulation, the Financial Crisis, and The Future-this book puts the events that have transpired in perspective, and offers valuable insights into what we must do to avoid future missteps. Each section is comprised of chapters written by experienced contributors, each with his or her own point of view, research, and conclusions Examines the market collapse in detail and explores safeguards to stop future crises Encompasses the most up-to-date analysis from today's leading financial mindsWe currently face a serious economic crisis, but in understanding it, we can overcome the challenges it presents. This well-rounded resource offers the best chance to get through the current situation and learn from our mistakes.

Robert W. Kolb is the Frank W. Considine Chair of Applied Ethics and Professor of Finance at Loyola University, Chicago. Before this, he was the assistant dean, Business and Society, and director, Center for Business and Society, at the University of Colorado at Boulder and department chairman at the University of Miami. Kolb has authored over twenty books on finance, derivatives, and futures, as well as numerous articles in leading finance journals.

Overview of the Crisis
Leverage and Liberal Democracy
A Property Economics Explanation of the Global Financial Crisis
Of Subprimes and Sundry Symptoms: The Political Economy of the Financial Crisis
The Political Economy of the Financial Crisis of 2008
The Global Financial Crisis of 2008: What Went Wrong?
The Roots of the Crisis and How to Bring It to a Close
Enron Rerun: The Credit Crisis in Three "Easy" Pieces
The Global Crisis and Its Origins
Four Paradoxes of the 2008/2009 Economic and Financial Crisis
Understanding the Subprime Financial Crisis
Causes and Consequences of the Financial Crisis
The Origins of the Financial Crisis
Ten Myths about Subprime Mortgages
The Financial Crisis: How Did We Get Here and Where Do We Go Next? New Evidence on How the Crisis Spread among Financial Institutions
A Decade of Living Dangerously: The Causes and Consequences of the Mortgage, Financial and Economic Crises
Making Sense of the Subprime Crisis
Miraculous Financial Engineering or "Legacy" Assets?
The Making and Ending of the Financial Crisis of 2008?
The Subprime Mortgage Problem: Causes and Likely Cure
Sequence of Asset Bubbles and the Global Financial Crisis
Borrowers
The Past, Present, and Future of Subprime Mortgages
FHA Loans and Policy Responses to Credit Availability
The Single-Family Mortgage Industry in the Internet Era: Technology Developments and Market Structure
Speed Kills? Mortgage Credit Boom and the Crisis
Subprime Mortgages: What Have We Learned from a New Class of Homeowners
Fannie Mae and Freddie Mac: Privatizing Profit and Socializing Loss
The Process of Securitization
A Primer on the Role of Securitization in the Credit Market Crisis of 2007
Incentives in the Originate-to-Distribute Model of Mortgage Production
Did Securitization Lead to Lax Screening? Evidence from Subprime Loans
Tumbling Tower of Babel: Subprime Securitization and the Credit Crisis
The Incentives of Mortgage Servicers and Designing Loan Modifications to Address the Mortgage Crisis
The Contribution of Structured Finance to the Financial Crisis
Problematic Practices Of Credit Rating Agencies: The Neglected Risks Of Mortgage-Backed Securities
Did Asset Complexity Trigger Ratings Bias?
The Pitfalls of Originate-to-Distribute in Bank Lending
Risk Management and Mismanagement
Behavioral Basis of the Financial Crisis
Risk Management Failures During the Financial Crisis
The Outsourcing of Financial Regulation to Risk Models
The Future of Risk Modeling
What Happened to Risk Management During the 2008-09 Financial Crisis?
Risk Management Lessons from the Global Financial Crisis for Derivative Exchanges
The Problem of Regulation
Regulation and Financial Stability in the Age of Turbulence
The Financial Crisis of 2007-09: Missing Financial Regulation or Absentee Regulators?
The Demise of the UK's Northern Rock and Large U.S. Financial Institutions: Public Policy Lessons
Why Securities Regulation Failed to Prevent the CDO Meltdown
Curbing Optimism in Managerial Estimates through Transparent Accounting: The Case of Securitizations
Basel II Put on Trial: What Role in the Financial Crisis ?
Credit Rating Organizations, Their Role in the Current Calamity, and Future Prospects for Reform
Global Regulation for Global Markets?
Financial Regulation, Behavioral Finance, and the Global Financial Crisis: In Search of a New Regulatory Model
Institutional Failures
Why Financial Conglomerates Are at the Center of the Financial Crisis
Corporate Governance and the Financial Crisis: A Case Study from the S&P 500
Secondary-Management Conflicts
The Financial Crisis and the Systemic Failure of Academic Economics
Rating Agencies: Facilitators of Predatory Lending in the Subprime Market
Disclosure's Failure in the Subprime Mortgage Crisis
The Federal Reserve, Monetary Policy, and the Financial Crisis
Federal Reserve Policy and the Housing Bubble
The Greenspan and Bernanke Federal Reserve Role in the Financial Crisis
The Risk Management Approach to Monetary Policy: Lessons from the Financial Crisis of 2007-2009
Reawakening the Inflationary Monster
The Transformation of the Federal Reserve System Balance Sheet and its Implications
Implications of the Crisis for Our Economic Systems
Systemic Risk and Markets
The Transmission of Liquidity Shocks During the Crisis
Counterparty Risk, Impact on Collateral Flows, and Role for Central Counterparties
Credit Contagion from Counterparty Risk
International Dimensions of the Financial Crisis
Only in America? When Housing Boom Turns to Bust
The Equity Risk Premium amid a Global Financial Crisis
Australia's Experience in the Global Financial Crisis
Collapse of a Financial system: An Icelandic Saga
Iceland's Banking Sector and the Political Economy of Crisis
The Sub Prime Crisis: Implications for Emerging Markets
Financial Solutions and Our Economic Future
The Long-Term Cost of the Financial Crisis
Coping with the Financial Crisis: Illiquidity and the Role of Government Intervention
Fiscal Policy for the Crisis
The Future of Securitization
Modification of Mortgages in Bankruptcy
The Shadow Bankruptcy System
Reregulating Fannie Mae and Freddie Mac
Would Greater Regulation of Hedge Funds Reduce Systemic Risk?
Regulating Credit Default Swaps
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Lessons from the Financial Crisis Causes, Consequences, and Our Economic Future

9780470561775

0470561777

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