The past three decades have been characterized by vast change and
crises in global financial markets—and not in politically unstable
countries but in the heart of the developed world, from the Great
Recession in the United States to the banking crises in Japan and the
Eurozone. As we try to make sense of what caused these crises and how
we might reduce risk factors and prevent recurrence, the fields of
finance and economics have also seen vast change, as scholars and
researchers have advanced their thinking to better respond to the
recent crises. A momentous collection of the best recent scholarship,
After the Flood illustrates both the scope of the crises’ impact on
our understanding of global financial markets and the innovative
processes whereby scholars have adapted their research to gain a
greater understanding of them. Among the contributors are José
Scheinkman and Lars Peter Hansen, who bring up to date decades of
collaborative research on the mechanisms that tie financial markets to
the broader economy; Patrick Bolton, who argues that limiting
bankers’ pay may be more effective than limiting the activities they
can undertake; Edward Glaeser and Bruce Sacerdote, who study the
social dynamics of markets; and E. Glen Weyl, who argues that
economists are influenced by the incentives their consulting
opportunities create.
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Produktdetaljer
ISBN
9780226443683
Publisert
2018
Utgave
1. utgave
Utgiver
Vendor
University of Chicago Press
Språk
Product language
Engelsk
Format
Product format
Digital bok