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The Influence of Uncertainty in a Changing Financial Environment : An Inquiry into the Root Causes of the Great Recession of 2007-2008 / by Ricardo A. Halperin

Publisher	(Cham : Springer International Publishing : Imprint: Palgrave Macmillan)
Year	2017
Edition	1st ed. 2017.
Authors	*Halperin, Ricardo A author SpringerLink (Online service)

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Links to the text	Location	Volume	Call No.	Barcode No.	Status	Comments	ISBN	Printed	Restriction	Reserve
Links to the text	Library Off-campus access			OB00148856		Springer Economics and Finance eBooks (電子ブック)	9783319487786

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Material Type	E-Book
Media type	機械可読データファイル
Size	XI, 287 p : online resource
Notes	1. A Failure of Imagination -- 2. The Great Recession of 2007-2008 -- 3. Fingers in the Dike -- 4. Financial Intermediation and the Economy -- 5. The Evolution of Financial Intermediation -- 6. Economics' Quest for Relevance -- 7. Theories of Business Fluctuations -- 8. The Elusive Search for Economic Motives -- 9. Risk, Uncertainty, and Macroeconomic Theory -- 10. The Visible Hand -- 11. Regulation in the Financial Sector -- 12. Prudential Regulation -- 13. Challenges Ahead -- 14. Economic Policy Implications -- 15. Summing Up This book examines the role of uncertainty on financial decisions - and, consequently, on financial markets - in the buildup to and aftermath of the Great Recession. It tracks the significant growth and important structural changes in the financial sector during the past few decades, both of which made the economy more vulnerable to perceptions of risk in the markets. Halperin argues that conventional economic models have lost relevance by failing to take these developments into account appropriately, and also explains that because of financial globalization we can no longer understand what happens in the economies of major countries by relying on "closed-economy" thinking. The book concludes with a list of policy recommendations designed to increase the resilience of the financial markets to negative economic developments and to reduce incentives for risk taking, including a proposal to eliminate the double taxation of dividends HTTP:URL=https://doi.org/10.1007/978-3-319-48778-6
Subjects	LCSH:Finance—History LCSH:Finance, Public LCSH:Economic history FREE:Financial History FREE:Public Finance FREE:History of Economic Thought/Methodology
Classification	LCC:HG171 DC23:332.09
ID	8000059485
ISBN	9783319487786