Reforming U.S. Financial Markets: Reflections Before and Beyond Dodd-Frank

Reforming U.S. Financial Markets: Reflections Before and Beyond Dodd-Frank

ISBN-10:
0262518732
ISBN-13:
9780262518734
Pub. Date:
02/08/2013
Publisher:
MIT Press
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Overview

Reforming U.S. Financial Markets: Reflections Before and Beyond Dodd-Frank

Two top economists outline distinctive approaches to post-crisis financial reform.

Over the last few years, the financial sector has experienced its worst crisis since the 1930s. The collapse of major firms, the decline in asset values, the interruption of credit flows, the loss of confidence in firms and credit market instruments, the intervention by governments and central banks: all were extraordinary in scale and scope. In this book, leading economists Randall Kroszner and Robert Shiller discuss what the United States should do to prevent another such financial meltdown. Their discussion goes beyond the nuts and bolts of legislative and regulatory fixes to consider fundamental changes in our financial arrangements.

Kroszner and Shiller offer two distinctive approaches to financial reform, with Kroszner providing a systematic analysis of regulatory gaps and Shiller addressing the broader concerns of democratizing and humanizing finance. After brief discussions by four commentators Benjamin M. Friedman, George G. Kaufman, Robert C. Pozen, and Hal S. Scott), Kroszner and Shiller each offer a response to the other's proposals, creating a fruitful dialogue between two major figures in the field.

Product Details

ISBN-13: 9780262518734
Publisher: MIT Press
Publication date: 02/08/2013
Series: Alvin Hansen Symposium on Public Policy at Harvard University Series
Pages: 170
Sales rank: 1,328,824
Product dimensions: 5.50(w) x 8.70(h) x 0.80(d)

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