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The influence of uncertainty in a ch...

Halperin, Ricardo A.

The influence of uncertainty in a changing financial environmentan inquiry into the root causes of the Great Recession of 2007-2008 /

Record Type:	Electronic resources : Monograph/item
Title/Author:	The influence of uncertainty in a changing financial environmentby Ricardo A. Halperin.
Reminder of title:	an inquiry into the root causes of the Great Recession of 2007-2008 /
Author:	Halperin, Ricardo A.
Published:	Cham :Springer International Publishing :2017.
Description:	xi, 287 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	Global Financial Crisis, 2008-2009.
Online resource:	http://dx.doi.org/10.1007/978-3-319-48778-6
ISBN:	9783319487786$q(electronic bk.)

The influence of uncertainty in a changing financial environmentan inquiry into the root causes of the Great Recession of 2007-2008 /
Halperin, Ricardo A.

The influence of uncertainty in a changing financial environmentan inquiry into the root causes of the Great Recession of 2007-2008 /[electronic resource] :by Ricardo A. Halperin. - Cham :Springer International Publishing :2017. - xi, 287 p. :ill., digital ;24 cm.

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.

ISBN: 9783319487786$q(electronic bk.)

Standard No.: 10.1007/978-3-319-48778-6doiSubjects--Topical Terms:

394523
Global Financial Crisis, 2008-2009.

LC Class. No.: HB3717 / .H35 2017

Dewey Class. No.: 330.90511

The influence of uncertainty in a changing financial environmentan inquiry into the root causes of the Great Recession of 2007-2008 /
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245 1 4 $a The influence of uncertainty in a changing financial environment $h [electronic resource] : $b an inquiry into the root causes of the Great Recession of 2007-2008 / $c by Ricardo A. Halperin.
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505 0 $a 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.
520 $a 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.
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