國立虎尾科技大學 |

Social Finance = Shadow Banking During the Global Financial Crisis /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Social Finance/ by Neil Shenai.
Reminder of title:	Shadow Banking During the Global Financial Crisis /
Author:	Shenai, Neil.
Description:	XVII, 231 p. 27 illus.online resource. :
Contained By:	Springer Nature eBook
Subject:	Financial crises. -
Online resource:	https://doi.org/10.1007/978-3-319-91346-9
ISBN:	9783319913469

Social Finance = Shadow Banking During the Global Financial Crisis /
Shenai, Neil.

Social FinanceShadow Banking During the Global Financial Crisis /[electronic resource] :by Neil Shenai. - 1st ed. 2018. - XVII, 231 p. 27 illus.online resource.

Chapter 1. McCulley’s Warning: Minsky, Economic Conventions, and Shadow Banking -- Chapter 2. Economic Conventions and Financial Crises: The Theory of Social Finance -- Chapter 3. Federal Reserve Monetary Policy, Economic Conventions, and the Housing Bubble -- Chapter 4. The Rise of Fragile Finance: Conventional Expectations, Bond Ratings, and Bank Capital -- Chapter 5. Regulators as Liquidity Providers of Last Resort -- Chapter 6. Markets After Lehman: Convention Uncertainty, Instability, and Intervention -- Chapter 7. Conclusions and Extensions of Conventions and Financial Stability -- Interview appendix.

This book presents a new, inter-disciplinary framework of financial instability that builds on the Post-Keynesian model of financial crises in the tradition of Hyman Minsky and Charles Kindleberger. It reincorporates John Maynard Keynes’ insights on economic conventions to explain how market participants construct stable (but fragile) markets and why financial crises tend to take us by surprise. It borrows from scholarship on crises in international relations theory to examine how defied expectations can trigger panics in fragile financial systems. And it draws on perspectives from international political economy to show how elites’ foundational economic beliefs drive their responses to crises and how the effectiveness of their interventions depends on their credibility with the marketplace. The results of interviews with some of the world’s leading investors in Los Angeles, London, New York, and Toronto illustrate the utility of this new paradigm via a case study of shadow banking during the global financial crisis. A close examination of primary and secondary sources and quantitative evidence complement these first-hand accounts. All told, this book’s model offers a viable heuristic device for thinking about financial instability, which will be relevant to academics, policy makers, portfolio managers, and students. .

ISBN: 9783319913469

Standard No.: 10.1007/978-3-319-91346-9doiSubjects--Topical Terms:

561050
Financial crises.

LC Class. No.: HB3722-3725

Dewey Class. No.: 330.9

Social Finance = Shadow Banking During the Global Financial Crisis /
LDR:03345nam a22004095i 4500 001 988761
003 DE-He213
005 20200701200218.0
007 cr nn 008mamaa
008 201225s2018 gw | s |||| 0|eng d
020 $a 9783319913469 $9 978-3-319-91346-9
024 7 $a 10.1007/978-3-319-91346-9 $2 doi
035 $a 978-3-319-91346-9
050 4 $a HB3722-3725
072 7 $a KCX $2 bicssc
072 7 $a BUS023000 $2 bisacsh
072 7 $a KCX $2 thema
072 7 $a NHT $2 thema
082 0 4 $a 330.9 $2 23
100 1 $a Shenai, Neil. $4 aut $4 http://id.loc.gov/vocabulary/relators/aut $3 1209300
245 1 0 $a Social Finance $h [electronic resource] : $b Shadow Banking During the Global Financial Crisis / $c by Neil Shenai.
250 $a 1st ed. 2018.
264 1 $a Cham : $b Springer International Publishing : $b Imprint: Palgrave Macmillan, $c 2018.
300 $a XVII, 231 p. 27 illus. $b online resource.
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
347 $a text file $b PDF $2 rda
505 0 $a Chapter 1. McCulley’s Warning: Minsky, Economic Conventions, and Shadow Banking -- Chapter 2. Economic Conventions and Financial Crises: The Theory of Social Finance -- Chapter 3. Federal Reserve Monetary Policy, Economic Conventions, and the Housing Bubble -- Chapter 4. The Rise of Fragile Finance: Conventional Expectations, Bond Ratings, and Bank Capital -- Chapter 5. Regulators as Liquidity Providers of Last Resort -- Chapter 6. Markets After Lehman: Convention Uncertainty, Instability, and Intervention -- Chapter 7. Conclusions and Extensions of Conventions and Financial Stability -- Interview appendix.
520 $a This book presents a new, inter-disciplinary framework of financial instability that builds on the Post-Keynesian model of financial crises in the tradition of Hyman Minsky and Charles Kindleberger. It reincorporates John Maynard Keynes’ insights on economic conventions to explain how market participants construct stable (but fragile) markets and why financial crises tend to take us by surprise. It borrows from scholarship on crises in international relations theory to examine how defied expectations can trigger panics in fragile financial systems. And it draws on perspectives from international political economy to show how elites’ foundational economic beliefs drive their responses to crises and how the effectiveness of their interventions depends on their credibility with the marketplace. The results of interviews with some of the world’s leading investors in Los Angeles, London, New York, and Toronto illustrate the utility of this new paradigm via a case study of shadow banking during the global financial crisis. A close examination of primary and secondary sources and quantitative evidence complement these first-hand accounts. All told, this book’s model offers a viable heuristic device for thinking about financial instability, which will be relevant to academics, policy makers, portfolio managers, and students. .
650 0 $a Financial crises. $3 561050
650 0 $a Banks and banking. $3 556379
650 0 $a Macroeconomics. $3 554837
650 1 4 $a Financial Crises. $3 1141289
650 2 4 $a Banking. $2 bicssc $3 810653
650 2 4 $a Macroeconomics/Monetary Economics//Financial Economics. $3 1069052
710 2 $a SpringerLink (Online service) $3 593884
773 0 $t Springer Nature eBook
776 0 8 $i Printed edition: $z 9783319913452
776 0 8 $i Printed edition: $z 9783319913476
776 0 8 $i Printed edition: $z 9783030082314
856 4 0 $u https://doi.org/10.1007/978-3-319-91346-9
912 $a ZDB-2-ECF
912 $a ZDB-2-SXEF
950 $a Economics and Finance (SpringerNature-41170)
950 $a Economics and Finance (R0) (SpringerNature-43720)