The Financial Crisis

Who is to Blame?

Business & Finance, Economics, Macroeconomics
Cover of the book The Financial Crisis by Howard Davies, Wiley
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Author: Howard Davies ISBN: 9780745680774
Publisher: Wiley Publication: February 25, 2014
Imprint: Polity Language: English
Author: Howard Davies
ISBN: 9780745680774
Publisher: Wiley
Publication: February 25, 2014
Imprint: Polity
Language: English

There is still no consensus on who or what caused the financial crisis which engulfed the world, beginning in the summer of 2007.

A huge number of suspects have been identified, from greedy investment bankers, through feckless borrowers, dilatory regulators and myopic central bankers to violent video games and high levels of testosterone among the denizens of trading floors. There is not even agreement on whether the crisis shows a need for more government intervention in markets, or less: some maintain that government encouragement of home ownership lay at the heart of the problem in the US, in particular.

In The Financial Crisis Howard Davies charts a course through these arguments, and the evidence advanced for each of them. The reader can thereby assess the weight to be attached to each, and the likely effectiveness of the remedies under development.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

There is still no consensus on who or what caused the financial crisis which engulfed the world, beginning in the summer of 2007.

A huge number of suspects have been identified, from greedy investment bankers, through feckless borrowers, dilatory regulators and myopic central bankers to violent video games and high levels of testosterone among the denizens of trading floors. There is not even agreement on whether the crisis shows a need for more government intervention in markets, or less: some maintain that government encouragement of home ownership lay at the heart of the problem in the US, in particular.

In The Financial Crisis Howard Davies charts a course through these arguments, and the evidence advanced for each of them. The reader can thereby assess the weight to be attached to each, and the likely effectiveness of the remedies under development.

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