Crisis: Cause, Containment and Cure

by T. Huertas

Overview

The current crisis is emerging as the most severe downturn since the Great Depression. This book examines its cause, the efforts to contain the crisis and proposes a cure that will limit the risk that such crises could recur in the future.

Product Details

ISBN-13:	9780230236189
Publisher:	Palgrave Macmillan UK
Publication date:	05/11/2010
Edition description:	2010
Pages:	223
Product dimensions:	5.60(w) x 8.50(h) x 0.70(d)

About the Author

THOMAS F. HUERTAS is Director, Banking Sector for the Financial Services Authority, UK. Previously, he worked for Citigroup for nearly 30 years in various roles, including senior policy and business positions. He has written extensively on the current crisis, credit derivatives, insurance and retail banking.

Table of Contents

Introduction PART I: CAUSE Rational Exuberance? The Great Moderation and the Search for Yield Fair Weather Finance PART II: CONTAINMENT Conditional Containment Moving Toward Meltdown: The Failure of Lehman Brothers and its Aftermath Unconditional Containment PART III: CURE Better Resolution Better Deposit Guarantee Schemes Better Macroeconomic Policy Better Regulation Better Supervision Conclusion: Toward a Globally Consistent Framework Notes References Index