Download the book The Future of Finance: The LSE Report The London School of Economics (LSE) recently brought together a group of distinguished experts to study the future of finance – the e-book and individual chapters can be downloaded. Download by chapter Preface Richard Layard Chapter 1: What do banks do? Why do credit booms [...]
Financial Regulation – Why, how and where now? By Charles Goodhart, Philipp Hartmann, David Llewellyn, Liliana Rojas-Suarez and Steven Weisbrod The problem of financial regulation has returned to centre stage in the wake of the turbulence caused by global financial volatility. This volume, published in assocation with the Bank of England, responds to contemporary developments [...]
Banking on the Future: The Fall and Rise of Central Banking By Howard Davies & David Green The crash of 2008 revealed that the world’s central banks had failed to offset the financial imbalances that led to the crisis, and lacked the tools to respond effectively. What lessons should central banks learn from the experience, [...]
Rebound: Why America Will Emerge Stronger From the Financial Crisis By Stephen J. Rose Rebound takes the currently unthinkable view that the economy will bounce back faster and stronger from the downturn than most economists expect. Noted Labor economist Stephen J. Rose amasses data on the economic performance of America over the last 30 years [...]
Panic: The Betrayal of Capitalism by Wall Street and Washington By Andrew Redleaf and Richard Vigilante The Crash of ’08, captured in “searing and amusing insight.” Andrew Redleaf, founder and CEO of a multibillion-dollar hedge fund and credited by the New York Times with predicting the financial crisis in surprising detail, and Richard Vigilante, reveal [...]
This Time Is Different: Eight Centuries of Financial Folly By Carmen M. Reinhart and Kenneth Rogoff This is quite simply the best empirical investigation of financial crises ever published. Covering hundreds of years and bringing together a dizzying array of data, Reinhart and Rogoff have made a truly heroic contribution to financial history. This single [...]
13 Bankers: The Wall Street Takeover and the Next Financial Meltdown By Simon Johnson and James Kwak Though this blistering book identifies many causes of the recent financial crisis, from housing policy to minimum capital requirements for banks, the authors lay ultimate blame on a dominant deregulatory ideology and Wall Street’s corresponding political influence. Johnson, [...]
The End of Wall Street By Roger Lowenstein The roots of the mortgage bubble and the story of the Wall Street collapse-and the government’s unprecedented response-from our most trusted business journalist. The End of Wall Street is a blow-by-blow account of America’s biggest financial collapse since the Great Depression. Drawing on 180 interviews, including sit-downs [...]
The Devil’s Casino: Friendship, Betrayal and the High Stakes Games Played Inside Lehman Brothers by Vicky Ward They were the Rat Pack of Wall Street. Four close friends: one a decorated war hero, one an emotional hippie, and two regular guys with big hearts, big dreams, and noble aims. They were going to get rich [...]
The Fundamental Principles of Financial Regulation By Markus Brunnermeier, Andrew Crockett, Charles Goodhart, and Avinash D. Persaud Today’s financial regulatory systems assume that regulations which make individual banks safe also make the financial system safe. The eleventh Geneva Report on the World Economy shows that this thinking is flawed. Actions that banks take to make [...]