Reforming U.s. Financial Markets: Reflections Before And Beyond Dodd-frank by Randall S. KrosznerReforming U.s. Financial Markets: Reflections Before And Beyond Dodd-frank by Randall S. Kroszner

Reforming U.s. Financial Markets: Reflections Before And Beyond Dodd-frank

byRandall S. Kroszner, Robert J. ShillerEditorBenjamin M. Friedman

Paperback | February 8, 2013

Pricing and Purchase Info

$20.74 online 
$20.95 list price
Earn 104 plum® points

In stock online

Ships free on orders over $25

Not available in stores


Two top economists outline distinctive approaches to post-crisis financial reform.

Over the last few years, the financial sector has experienced its worst crisis since the 1930s. The collapse of major firms, the decline in asset values, the interruption of credit flows, the loss of confidence in firms and credit market instruments, the intervention by governments and central banks: all were extraordinary in scale and scope. In this book, leading economists Randall Kroszner and Robert Shiller discuss what the United States should do to prevent another such financial meltdown. Their discussion goes beyond the nuts and bolts of legislative and regulatory fixes to consider fundamental changes in our financial arrangements.

Kroszner and Shiller offer two distinctive approaches to financial reform, with Kroszner providing a systematic analysis of regulatory gaps and Shiller addressing the broader concerns of democratizing and humanizing finance. After brief discussions by four commentators Benjamin M. Friedman, George G. Kaufman, Robert C. Pozen, and Hal S. Scott), Kroszner and Shiller each offer a response to the other's proposals, creating a fruitful dialogue between two major figures in the field.

Randall S. Kroszner is Norman R. Bobins Professor of Economics in the University of Chicago's Booth School of Business. He served as a Governor of the Federal Reserve System from March 2006 until January 2009. Robert J. Shiller is Arthur M. Okun Professor of Economics at Yale University. He is the author of Irrational Exuberance, Anima...
Title:Reforming U.s. Financial Markets: Reflections Before And Beyond Dodd-frankFormat:PaperbackDimensions:170 pages, 8 × 5.38 × 0.38 inPublished:February 8, 2013Publisher:The MIT PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0262518732

ISBN - 13:9780262518734


Editorial Reviews

Much of the literature on the financial crisis finds economists talking past one another. It is refreshing, therefore, to find some of our leading economists engaging one another, thoughtfully and fully, in this volume. Their fundamental concern is how to ensure that finance serves society rather than the other way around. Their contributions to answering this question should help to point discussions of post-crisis reform in a more productive direction.