Systemic Risk and the Failure of Regulation
by
Jeffrey Friedman, Wladimir Kraus
Language: English
Release Date: September 1, 2011
The financial crisis has been blamed on reckless bankers, irrational exuberance, government support of mortgages for the poor, financial deregulation, and expansionary monetary policy. Specialists in banking, however, tell a story with less emotional resonance but a better correspondence to the evidence:...