Surviving large losses : financial crises, the middle class, and the development of capital markets
(Book)

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General Shelving - 3rd Floor
HB3722 .H644 2007
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General Shelving - 3rd FloorHB3722 .H644 2007On Shelf

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Format
Book
Physical Desc
263 pages : illustrations ; 22 cm
Language
English
UPC
9780674024694, 99818978820, 99815940486

Notes

Bibliography
Includes bibliographical references (pages 239-254) and index.
Description
Listen to a short interview with Philip T. Hoffman Host: Chris Gondek] Producer: Heron & Crane Financial disasters often have long-range institutional consequences. When financial institutions--banks, insurance companies, brokerage firms, stock exchanges--collapse, new ones take their place, and these changes shape markets for decades or even generations. "Surviving Large Losses" explains why such financial crises occur, why their effects last so long, and what political and economic conditions can help countries both rich and poor survive--and even prosper--in the aftermath. Looking at past and more recent financial disasters through the lens of political economy, the authors identify three factors critical to the development of financial institutions: the level of government debt, the size of the middle class, and the quality of information that is available to participants in financial transactions. They seek to find out when these factors promote financial development and mitigate the effects of financial crises and when they exacerbate them. Although there is no panacea for crises--no one set of institutions that will resolve them--it is possible, the authors argue, to strengthen existing financial institutions, to encourage economic growth, and to limit the harm that future catastrophes can do.
Local note
SACFinal081324

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Citations

APA Citation, 7th Edition (style guide)

Hoffman, P. T., Postel-Vinay, G., & Rosenthal, J. (2007). Surviving large losses: financial crises, the middle class, and the development of capital markets . Belknap Press of Harvard University Press.

Chicago / Turabian - Author Date Citation, 17th Edition (style guide)

Hoffman, Philip T., 1947-, Gilles. Postel-Vinay and Jean-Laurent. Rosenthal. 2007. Surviving Large Losses: Financial Crises, the Middle Class, and the Development of Capital Markets. Cambridge, Mass.: Belknap Press of Harvard University Press.

Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)

Hoffman, Philip T., 1947-, Gilles. Postel-Vinay and Jean-Laurent. Rosenthal. Surviving Large Losses: Financial Crises, the Middle Class, and the Development of Capital Markets Cambridge, Mass.: Belknap Press of Harvard University Press, 2007.

Harvard Citation (style guide)

Hoffman, P. T., Postel-Vinay, G. and Rosenthal, J. (2007). Surviving large losses: financial crises, the middle class, and the development of capital markets. Cambridge, Mass.: Belknap Press of Harvard University Press.

MLA Citation, 9th Edition (style guide)

Hoffman, Philip T., Gilles Postel-Vinay, and Jean-Laurent Rosenthal. Surviving Large Losses: Financial Crises, the Middle Class, and the Development of Capital Markets Belknap Press of Harvard University Press, 2007.

Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.

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