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Slapped by the Invisible Hand

4.09

165.95  Lei 195.24  Lei

sau 16595 de puncte. Detalii.

Livrare in 15 zile lucratoare

Cod: BRT9780199734153

An aparitie: 2010

Autor: GaryB Gorton

Categoria: Economics

Editie: cartonata

Editura: OXFORD UNIVERSITY PRESS ACADEM

Format: 245 x 164 x 20 mm

Limba: English

Nr. pagini: 240



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Originally written for a conference of the Federal Reserve, Gary Gorton's "The Panic of 2007" garnered enormous attention and is considered by many to be the most convincing take on the recent economic meltdown. Now, in Slapped by the Invisible Hand, Gorton builds upon this seminal work, explaining how the securitized banking system, the nexus of financial markets and instruments unknown to most people, stands at the heart of the financial crisis. The
securitized banking system is, in fact, a real banking system, allowing institutional investors and firms to make large, short-term deposits. But, as any banking system, it was vulnerable to a panic. Indeed the events starting in August 2007 can best be understood as a panic-a wholesale panic, rather than a retail
panic-involving financial firms "running" on other financial firms, resulting in the system becoming insolvent. As the financial crisis unfolded, Gorton was working inside an institution that played a central role in the collapse; thus this book presents the unparalleled perspective of a top scholar who was also a central insider.

Cartea Slapped by the Invisible Hand face parte din categoria Economics a librariei online Libris.ro si este scrisa de GaryB Gorton.
Livrarea se face din stocul furnizorului nostru din UK in aproximativ 15 zile lucratoare. Transportul este gratuit prin curier rapid, oriunde in Romania, pentru orice comanda de minimum 65 de lei. Pentru orice solicitare sau informatie suplimentara apelati call center-ul Libris de luni pana vineri intre orele 8-20.


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