Description
The 2008 crash was the worst financial crisis and the most severe economic downturn since the Great Depression. It triggered a complete overhaul of the global regulatory environment, ushering in a stream of new rules and laws to combat the perceived weakness of the financial system. While the global economy came back from the brink, the continuing effects of the crisis include increasing economic inequality and political polarization.
After the Crash is an innovative analysis of the crisis and its ongoing influence on the global regulatory, financial, and political landscape, with timely discussions of the key issues for our economic future. It brings together a range of experts and practitioners, including Joseph Stiglitz, a Nobel Prize winner; former congressman Barney Frank; former treasury secretary Jacob Lew; Paul Tucker, a former deputy governor of the Bank of England; and Steve Cutler, general counsel of JP Morgan Chase during the financial crisis. Each poses crucial questions: What were the origins of the crisis? How effective were international and domestic regulatory responses? Have we addressed the roots of the crisis through reform and regulation? Are our financial systems and the global economy better able to withstand another crash? After the Crash is vital reading as both a retrospective on the last crisis and an analysis of possible sources of the next one.
About the Author
Sharyn O'Halloran is the George Blumenthal Professor of Political Economy, professor of international and public affairs, and the senior vice dean and chief academic officer for the School of Professional Studies at Columbia University. Her publications include Politics, Process, and American Trade Policy (1994) and The Future of the Voting Rights Act (2006).
Thomas Groll is a lecturer in international and public affairs at Columbia University's School of International and Public Affairs.
Reviews
This fascinating compendium of essays is appropriately broad in both coverage and perspectives. Dip into this impressive smorgasbord, and you'll find the thoughts and analyses of top academic economists, leading scholars in other fields, and public figures who both watched and influenced what happened. The financial crisis raised numerous questions; this book is a stepping-stone toward answers. -- Alan S. Blinder, Princeton University, and former vice chair, Federal Reserve Board
These expertly curated essays focus on the relationship between risk and liquidity, the two most important factors underpinning the global economy. This compilation is required reading for anyone wanting to understand the events leading up to the financial crisis and, more importantly, those who want to avoid the next one. -- Vikram Pandit, chairman and CEO, the Orogen Group
This is a first-rate book containing various perspectives on the 2008 global financial crisis. The contributors are outstanding, and the coverage of topics is well balanced. It is an important book for all those interested in the crisis and an assessment of the likelihood of another in the coming years. -- Franklin Allen, Imperial College London
After the Crash provides a timely, comprehensive, and insightful evaluation of the status of financial reforms after the collapse of Lehman Brothers in September 2008. The authors provide detailed assessments of reforms that have worked and those that have fallen short of their goals, drawing important lessons from the global financial crisis and its aftermath. Their analysis should be of great interest to the general public as well as academics and policy makers. -- Arthur Wilmarth, George Washington University
After the Crash contains a number of excellent essays that help make sense of the political economy of financial regulation in the aftermath of the 2008 financial crisis. There is a lot to learn from this volume, especially on the implementation and evolution of important reforms of the financial sector, such as Dodd-Frank. -- Amir Sufi, University of Chicago Booth School of Business
One of the reasons for welcoming this volume lies precisely in the fact that here general economic models play a marginal role, the prevalent leaning of its contributors being towards the practicalities of management, regulation and law-making
rather than intellectual thoroughness. * History of Economic Ideas *
Book Information
ISBN 9780231192842
Author Professor Sharyn O'Halloran
Format Hardback
Page Count 432
Imprint Columbia University Press
Publisher Columbia University Press
After the Crash is an innovative analysis of the crisis and its ongoing influence on the global regulatory, financial, and political landscape, with timely discussions of the key issues for our economic future. It brings together a range of experts and practitioners, including Joseph Stiglitz, a Nobel Prize winner; former congressman Barney Frank; former treasury secretary Jacob Lew; Paul Tucker, a former deputy governor of the Bank of England; and Steve Cutler, general counsel of JP Morgan Chase during the financial crisis. Each poses crucial questions: What were the origins of the crisis? How effective were international and domestic regulatory responses? Have we addressed the roots of the crisis through reform and regulation? Are our financial systems and the global economy better able to withstand another crash? After the Crash is vital reading as both a retrospective on the last crisis and an analysis of possible sources of the next one.
About the Author
Sharyn O'Halloran is the George Blumenthal Professor of Political Economy, professor of international and public affairs, and the senior vice dean and chief academic officer for the School of Professional Studies at Columbia University. Her publications include Politics, Process, and American Trade Policy (1994) and The Future of the Voting Rights Act (2006).
Thomas Groll is a lecturer in international and public affairs at Columbia University's School of International and Public Affairs.
Reviews
This fascinating compendium of essays is appropriately broad in both coverage and perspectives. Dip into this impressive smorgasbord, and you'll find the thoughts and analyses of top academic economists, leading scholars in other fields, and public figures who both watched and influenced what happened. The financial crisis raised numerous questions; this book is a stepping-stone toward answers. -- Alan S. Blinder, Princeton University, and former vice chair, Federal Reserve Board
These expertly curated essays focus on the relationship between risk and liquidity, the two most important factors underpinning the global economy. This compilation is required reading for anyone wanting to understand the events leading up to the financial crisis and, more importantly, those who want to avoid the next one. -- Vikram Pandit, chairman and CEO, the Orogen Group
This is a first-rate book containing various perspectives on the 2008 global financial crisis. The contributors are outstanding, and the coverage of topics is well balanced. It is an important book for all those interested in the crisis and an assessment of the likelihood of another in the coming years. -- Franklin Allen, Imperial College London
After the Crash provides a timely, comprehensive, and insightful evaluation of the status of financial reforms after the collapse of Lehman Brothers in September 2008. The authors provide detailed assessments of reforms that have worked and those that have fallen short of their goals, drawing important lessons from the global financial crisis and its aftermath. Their analysis should be of great interest to the general public as well as academics and policy makers. -- Arthur Wilmarth, George Washington University
After the Crash contains a number of excellent essays that help make sense of the political economy of financial regulation in the aftermath of the 2008 financial crisis. There is a lot to learn from this volume, especially on the implementation and evolution of important reforms of the financial sector, such as Dodd-Frank. -- Amir Sufi, University of Chicago Booth School of Business
One of the reasons for welcoming this volume lies precisely in the fact that here general economic models play a marginal role, the prevalent leaning of its contributors being towards the practicalities of management, regulation and law-making
rather than intellectual thoroughness. * History of Economic Ideas *
Book Information
ISBN 9780231192842
Author Professor Sharyn O'Halloran
Format Hardback
Page Count 432
Imprint Columbia University Press
Publisher Columbia University Press
