The US Financial System and its Crises (eBook)

From the 1907 Panic to the 2007 Crash

Giorgio Pizzutto (Autor)

eBook Download: PDF

2019 | 1st ed. 2019
X, 219 Seiten
Springer International Publishing (Verlag)
978-3-030-14489-0 (ISBN)

Infos

Looking at the precedents set by the panic of 1907 and the Great Depression in America, this book investigates the causes of the 2007-2008 financial crisis. Pizzutto examines the effects of monetary policy, as well as of expanding and contracting financial cycles, in order to analyze the breakdown of the money market and capital market circuits. Not only exploring the impact of the Federal Reserve and central banking on monetary policy, he also analyzes the role of non-bank financial intermediaries.

How can monetary policy resolve the instability of the US financial system? How can financial intermediation work effectively? This timely book highlights how historical lessons can be used to avoid the next financial crisis. 

Giorgio Pizzutto is Professor and Head of the Department of Economics, Management and Quantitative Methods at the University of Milan, Italy. 

Inhalt

Contents 6
List of Figures 8
List of Tables 9
1 Introduction 11
Bibliography 15
2 The US Financial System from the National Banking Act to the Panic of 1907 17
Bibliography 39
3 The Birth of the Federal Reserve and Its Monetary Policy 42
Bibliography 64
4 Non-bank Financial Intermediaries and the Crisis of 1929 66
Bibliography 80
5 The Great Depression 83
Bibliography 108
6 The Money Market After World War II: Securitization and the Role of Dealers 111
Bibliography 141
7 Monetary Policy, Spread Compression, and the Housing Market 143
Bibliography 177
8 The Money Market, the Collateral Market, and the Crisis of 2007–2008 181
Bibliography 204
9 Conclusions 206
Bibliography 223
Index 224

Produkt-Details

• Erscheint lt. Verlag: 2.4.2019
• Reihe/Serie: Palgrave Studies in Economic History
• Reihe/Serie: Palgrave Studies in Economic History
• Zusatzinfo: X, 219 p. 13 illus., 12 illus. in color.
• Verlagsort: Cham
• Sprache: englisch
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: American economic history • Banking • Central banking history • Dealer financing • Federal Reserve • Financial Crises • History of Finance • History of Financial Markets • Housing Market Crash • National Banking Act • Non-bank financial intermediaries • panic of 1907 • Securitization • Spread compression • The collateral market • The Great Depression • The Great Recession • US Financial System • US monetary policy • World War Two economics
• ISBN-10: 3-030-14489-5 / 3030144895
• ISBN-13: 978-3-030-14489-0 / 9783030144890