Guardians Of Finance: Making Regulators Work For Us

Paperback | August 29, 2014

byJames R. Barth, Gerard Caprio, Ross Levine

not yet rated|write a review

The recent financial crisis was an accident, a "perfect storm" fueled by an unforeseeable confluence of events that unfortunately combined to bring down the global financial systems. Or at least this is the story told and retold by a chorus of luminaries that includes Timothy Geithner, Henry Paulson, Robert Rubin, Ben Bernanke, and Alan Greenspan.

In Guardians of Finance, economists James Barth, Gerard Caprio, and Ross Levine argue that the financial meltdown of 2007 to 2009 was no accident; it was negligent homicide. They show that senior regulatory officials around the world knew or should have known that their policies were destabilizing the global financial system and yet chose not to act until the crisis had fully emerged.

Barth, Caprio, and Levine propose a reform to counter this systemic failure: the establishment of a "Sentinel" to provide an informed, expert, and independent assessment of financial regulation. Its sole power would be to demand information and to evaluate it from the perspective of the public--rather than that of the financial industry, the regulators, or politicians.

Pricing and Purchase Info

$23.50

In stock online
Ships free on orders over $25
HURRY, ONLY 1 LEFT!

From the Publisher

The recent financial crisis was an accident, a "perfect storm" fueled by an unforeseeable confluence of events that unfortunately combined to bring down the global financial systems. Or at least this is the story told and retold by a chorus of luminaries that includes Timothy Geithner, Henry Paulson, Robert Rubin, Ben Bernanke, and Ala...

James R. Barth is Lowder Eminent Scholar in Finance at Auburn University and Senior Finance Fellow at the Milken Institute. Gerard Caprio Jr. is William Brough Professor of Economics and Chair of the Center for Development Economics at Williams College. Ross Levine is the Willis H. Booth Chair in Banking and Finance at the University o...

other books by James R. Barth

The Future of American Banking
The Future of American Banking

Kobo ebook|Sep 16 2016

$69.49

Financial Innovation (Collection)
Financial Innovation (Collection)

Kobo ebook|Jun 1 2012

$65.69 online$85.29list price(save 22%)
see all books by James R. Barth
Format:PaperbackDimensions:296 pages, 9 × 6 × 0.75 inPublished:August 29, 2014Publisher:The MIT PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0262526840

ISBN - 13:9780262526845

Customer Reviews of Guardians Of Finance: Making Regulators Work For Us

Reviews

Extra Content

Editorial Reviews

For those involved in policy formulation and regulation, whether at national or international level, in government or financial institutions, this is compulsory reading.