TARP and other Bank Bailouts and Bail Ins around the World

TARP and other Bank Bailouts and Bail Ins around the World
Author: Allen Berger,Raluca Roman
Publsiher: Academic Press
Total Pages: 476
Release: 2020-06-09
ISBN 10: 0128138653
ISBN 13: 9780128138656
Language: EN, FR, DE, ES & NL

TARP and other Bank Bailouts and Bail Ins around the World Book Review:

Financial crises are recurring phenomena that result in the financial distress of systemically important banks, making it imperative to understand how to best respond to such crises and their consequences. Two policy responses became prominent for dealing with these distressed institutions since the last Global Financial Crisis: bailouts and bail-ins. The main questions surrounding these responses touch everyone: Are bailouts or bail-ins good for the financial system and the real economy? Is it essential to save distressed financial institutions by putting taxpayer money at risk in bailouts, or is it better to use private money in bail-ins instead? Are there better options, such as first lines of defense that help prevent such distress in the first place? Can countercyclical prudential and monetary policies lessen the likelihood and severity of the financial crises that often bring about this distress? Through careful analysis, authors Berger and Roman review and critically assess the extant theoretical and empirical research on many resolution approaches and tools. Placing special emphasis on lessons learned from one of the biggest bailouts of all time, the Troubled Asset Relief Program (TARP), while also reviewing other programs and tools, TARP and Other Bank Bailouts and Bail-Ins around the World sheds light on how best to protect the financial system on Wall Street and the real economy on Main Street. Presents a well-informed and rich account of bailouts, bail-ins, and other resolution approaches to resolve financially distressed banks. Uses TARP as a key case study of bailouts that has been thoroughly researched. Provides valuable research and policy guidance for dealing with future financial crises.

Bailout

Bailout
Author: Neil Barofsky
Publsiher: Simon and Schuster
Total Pages: 295
Release: 2013-02-05
ISBN 10: 1451684959
ISBN 13: 9781451684957
Language: EN, FR, DE, ES & NL

Bailout Book Review:

Reveals the mishandling of the TARP bailout fund, sharing how Geithner and his team failed to fix flaws in the homeowner relief program and that the government served Wall Street's interests over the broader public.

Bailouts

Bailouts
Author: Robert Eric Wright
Publsiher: Columbia University Press
Total Pages: 147
Release: 2010
ISBN 10: 0231150555
ISBN 13: 9780231150552
Language: EN, FR, DE, ES & NL

Bailouts Book Review:

Today's financial crisis is the result of dismal failures on the part of regulators, market analysts, and corporate executives. Yet the response of the American government has been to bail out the very institutions and individuals that have wrought such havoc upon the nation. Are such massive bailouts really called for? Can they succeed? Robert E. Wright and his colleagues provide an unbiased history of government bailouts and a frank assessment of their effectiveness. Their book recounts colonial America's struggle to rectify the first dangerous real estate bubble and the British government's counterproductive response. It explains how Alexander Hamilton allowed central banks and other lenders to bail out distressed but sound businesses without rewarding or encouraging the risky ones. And it shows how, in the second half of the twentieth century, governments began to bail out distressed companies, industries, and even entire economies in ways that subsidized risk takers while failing to reinvigorate the economy. By peering into the historical uses of public money to save private profit, this volume suggests better ways to control risk in the future. Additional Columbia / SSRC books on the privatization of risk and its implications for Americans: Health at Risk: America's Ailing Health System--and How to Heal ItEdited by Jacob S. Hacker Laid Off, Laid Low: Political and Economic Consequences of Employment InsecurityEdited by Katherine S. Newman Pensions, Social Security, and the Privatization of RiskEdited by Mitchell A. Orenstein

The Financial Crisis Inquiry Report

The Financial Crisis Inquiry Report
Author: Financial Crisis Inquiry Commission
Publsiher: Cosimo, Inc.
Total Pages: 690
Release: 2011-05-01
ISBN 10: 1616405414
ISBN 13: 9781616405410
Language: EN, FR, DE, ES & NL

The Financial Crisis Inquiry Report Book Review:

The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

The Oxford Handbook of Banking

The Oxford Handbook of Banking
Author: Allen N. Berger,Philip Molyneux,John O.S. Wilson
Publsiher: Oxford University Press
Total Pages: 1033
Release: 2010
ISBN 10: 0199236615
ISBN 13: 9780199236619
Language: EN, FR, DE, ES & NL

The Oxford Handbook of Banking Book Review:

This handbook provides an overview and analysis of state-of-the-art research in banking written by researchers in the field. It includes abstract theory, empirical analysis, and practitioner and policy-related material.

Geopolitical Risk Sustainability and Cross Border Spillovers in Emerging Markets Volume II

Geopolitical Risk  Sustainability and    Cross Border Spillovers    in Emerging Markets  Volume II
Author: Michael I. C. Nwogugu
Publsiher: Springer Nature
Total Pages: 135
Release: 2022
ISBN 10: 3030714195
ISBN 13: 9783030714192
Language: EN, FR, DE, ES & NL

Geopolitical Risk Sustainability and Cross Border Spillovers in Emerging Markets Volume II Book Review:

The Oxford Handbook of Banking

The Oxford Handbook of Banking
Author: Allen N. Berger,Philip Molyneux,John O. S. Wilson
Publsiher: Oxford University Press
Total Pages: 1328
Release: 2019-10-31
ISBN 10: 0192558072
ISBN 13: 9780192558077
Language: EN, FR, DE, ES & NL

The Oxford Handbook of Banking Book Review:

The Oxford Handbook of Banking, Third Edition provides an overview and analysis of developments and research in this rapidly evolving field. Aimed at graduate students of economics, banking, and finance; academics; practitioners; regulators; and policy makers, it strikes a balance between abstract theory, empirical analysis, and practitioner and policy-related material. Split into five distinct parts The Oxford Handbook of Banking is a one-stop source of relevant research in banking. It examines the theory of banking, bank operations and performance, regulatory and policy perspectives, macroeconomic perspectives in banking, and international differences in banking structures and environments. Taking a global perspective it examines banking systems in the United States, China, Japan, Australia and New Zealand, Africa, the European Union, transition countries of Europe, and Latin America. Thematic issues covered include financial innovation and technological change; consumer and mortgage lending; Islamic banking; and how banks influence real economic activity. Fully revised and now including brand new chapters on a range of geographical regions, bank bailouts and bail-ins, and behavioral economics amongst many other topics, this third edition of The Oxford Handbook of Banking provides readers with insights to seminal and contemporary research in banking and an opportunity to learn about the diversity of financial systems around the world.

The Global Financial Crisis

The Global Financial Crisis
Author: Dick Kazuyuki Nanto
Publsiher: DIANE Publishing
Total Pages: 151
Release: 2009
ISBN 10: 1437919847
ISBN 13: 9781437919844
Language: EN, FR, DE, ES & NL

The Global Financial Crisis Book Review:

Contents: (1) Recent Developments and Analysis; (2) The Global Financial Crisis and U.S. Interests: Policy; Four Phases of the Global Financial Crisis; (3) New Challenges and Policy in Managing Financial Risk; (4) Origins, Contagion, and Risk; (5) Effects on Emerging Markets: Latin America; Russia and the Financial Crisis; (6) Effects on Europe and The European Response: The ¿European Framework for Action¿; The British Rescue Plan; Collapse of Iceland¿s Banking Sector; (7) Impact on Asia and the Asian Response: Asian Reserves and Their Impact; National Responses; (8) International Policy Issues: Bretton Woods II; G-20 Meetings; The International Monetary Fund; Changes in U.S. Reg¿s. and Regulatory Structure; (9) Legislation.

The Financial Crisis Causes Cures

The Financial Crisis   Causes   Cures
Author: Sony Kapoor
Publsiher: Unknown
Total Pages: 110
Release: 2010
ISBN 10: 9783868724585
ISBN 13: 3868724583
Language: EN, FR, DE, ES & NL

The Financial Crisis Causes Cures Book Review:

"The financial crisis has exposed several flaws in the institutional structures, incentive systems, regulations and supervisory structures of financial markets. The European Trade Union Institute, the Friedrich Ebert Stiftung and Bertelsmann Stiftung have teamed up with Re-Define to publish this well-timed book which cuts through the technical jargon of financial reform underway in the EU and US, using easily understood metaphors and explains the working of the financial system, the causes of the crisis and the concepts and justifications for financial reform." -- Publisher.

A Safer World Financial System

A Safer World Financial System
Author: Stijn Claessens,Richard Herring,Dirk Schoenmaker
Publsiher: Centre for Economic Policy research
Total Pages: 172
Release: 2010
ISBN 10: 1928374650XXX
ISBN 13: UCSD:31822036651784
Language: EN, FR, DE, ES & NL

A Safer World Financial System Book Review:

Most countries lack an effective framework for dealing with failing systemically important financial institutions (SIFIs). This report argues that any serious attempt to stabilize the global financial system must include carefully crafted policies for restructuring these "too big to fail" cross-border institutions. The report recommends approaches for resolving SIFIs in a way that will maintain national sovereignty, enhance international financial integration, and preserve financial stability. Copublished with the International Center for Monetary and Banking Studies (ICMB)

Lords of Finance

Lords of Finance
Author: Liaquat Ahamed
Publsiher: Penguin
Total Pages: 576
Release: 2009-01-22
ISBN 10: 1440697965
ISBN 13: 9781440697968
Language: EN, FR, DE, ES & NL

Lords of Finance Book Review:

Winner of the Pulitzer Prize “Erudite, entertaining macroeconomic history of the lead-up to the Great Depression as seen through the careers of the West’s principal bankers . . . Spellbinding, insightful and, perhaps most important, timely.” —Kirkus Reviews (starred) “There is terrific prescience to be found in [Lords of Finance’s] portrait of times past . . . [A] writer of great verve and erudition, [Ahamed] easily connects the dots between the economic crises that rocked the world during the years his book covers and the fiscal emergencies that beset us today." —The New York Times It is commonly believed that the Great Depression that began in 1929 resulted from a confluence of events beyond any one person's or government's control. In fact, as Liaquat Ahamed reveals, it was the decisions made by a small number of central bankers that were the primary cause of that economic meltdown, the effects of which set the stage for World War II and reverberated for decades. As we continue to grapple with economic turmoil, Lords of Finance is a potent reminder of the enormous impact that the decisions of central bankers can have, their fallibility, and the terrible human consequences that can result when they are wrong.

Global Financial Development Report 2019 2020

Global Financial Development Report 2019 2020
Author: World Bank
Publsiher: World Bank Publications
Total Pages: 152
Release: 2019-11-22
ISBN 10: 1464814961
ISBN 13: 9781464814969
Language: EN, FR, DE, ES & NL

Global Financial Development Report 2019 2020 Book Review:

Over a decade has passed since the collapse of the U.S. investment bank, Lehman Brothers, marked the onset of the largest global economic crisis since the Great Depression. The crisis revealed major shortcomings in market discipline, regulation and supervision, and reopened important policy debates on financial regulation. Since the onset of the crisis, emphasis has been placed on better regulation of banking systems and on enhancing the tools available to supervisory agencies to oversee banks and intervene speedily in case of distress. Drawing on ten years of data and analysis, Global Financial Development Report 2019/2020 provides evidence on the regulatory remedies adopted to prevent future financial troubles, and sheds light on important policy concerns. To what extent are regulatory reforms designed with high-income countries in mind appropriate for developing countries? What has been the impact of reforms on market discipline and bank capital? How should countries balance the political and social demands for a safety net for users of the financial system with potentially severe moral hazard consequences? Are higher capital requirements damaging to the flow of credit? How should capital regulation be designed to improve stability and access? The report provides a synthesis of what we know, as well as areas where more evidence is still needed. Global Financial Development Report 2019/2020 is the fifth in a World Bank series. The accompanying website tracks financial systems in more than 200 economies before, during, and after the global financial crisis (http://www.worldbank.org/en/publication/gfdr) and provides information on how banking systems are regulated and supervised around the world (http://www.worldbank.org/en/research/brief/BRSS).

The Future of Financial Regulation

The Future of Financial Regulation
Author: Johan A. Lybeck
Publsiher: Cambridge University Press
Total Pages: 135
Release: 2016-02-11
ISBN 10: 1316546233
ISBN 13: 9781316546239
Language: EN, FR, DE, ES & NL

The Future of Financial Regulation Book Review:

A number of changes have been made to the supervision and regulation of banks as a result of the recent financial meltdown. Some are for the better, such as the Basel III rules for increasing the quality and quantity of capital in banks, but legal changes on both sides of the Atlantic now make it much more difficult to resolve failing banks by means of taxpayer funded bail-outs and could hinder bank resolution in future financial crises. In this book, Johan A. Lybeck uses case studies from Europe and the United States to examine and grade a number of bank resolutions in the last financial crisis and establish which were successful, which failed, and why. Using in-depth analysis of recent legislation, he explains how a bank resolution can be successful, and emphasizes the need for taxpayer-funded bail-outs to create a viable banking system that will promote economic and financial stability.

The Long Shadow of the Global Financial Crisis Public Interventions in the Financial Sector

The Long Shadow of the Global Financial Crisis  Public Interventions in the Financial Sector
Author: Ms.Deniz O Igan,Hala Moussawi,Alexander F. Tieman,Ms.Aleksandra Zdzienicka,Mr.Giovanni Dell'Ariccia,Mr.Paolo Mauro
Publsiher: International Monetary Fund
Total Pages: 90
Release: 2019-07-30
ISBN 10: 1513508334
ISBN 13: 9781513508337
Language: EN, FR, DE, ES & NL

The Long Shadow of the Global Financial Crisis Public Interventions in the Financial Sector Book Review:

We track direct public interventions and public holdings in 1,114 financial institutions over the period 2007–17 in 37 countries based on publicly available information. We use aggregate official data to validate this new dataset and estimate the fiscal impact of interventions, including the value of asset holdings remaining in state hands at end-2017. Direct public support to financial institutions amounted to $1.6 trillion ($3.5 trillion including guarantees), with larger amounts allocated to lower capitalized and less profitable banks. As of end-2017, only a few countries had fully divested the initial support they provided during the crisis. Public holdings were divested faster in better capitalized, more profitable, and more liquid banks, and in countries where the economy recovered faster. In countries where the government stake remained high relative to the initial intervention, private investment and credit growth were slower, financial access, depth, efficiency, and competition were worse, and financial stability improved less.

The Wealth Effect

The Wealth Effect
Author: Jeffrey M. Chwieroth,Andrew Walter
Publsiher: Cambridge University Press
Total Pages: 595
Release: 2019-03-31
ISBN 10: 1107153743
ISBN 13: 9781107153745
Language: EN, FR, DE, ES & NL

The Wealth Effect Book Review:

Shows how the politics of banking crises has been transformed by the growing 'great expectations' among middle class voters that governments should protect their wealth.

Bail ins and Bank Resolution in Europe

Bail ins and Bank Resolution in Europe
Author: Thomas Philippon,Aude Salord
Publsiher: Geneva Reports on the World Ec
Total Pages: 55
Release: 2017
ISBN 10: 9781912179008
ISBN 13: 1912179008
Language: EN, FR, DE, ES & NL

Bail ins and Bank Resolution in Europe Book Review:

The 4th Special Report in the Geneva Reports on the World Economy series reviews the current status of bail-ins and bank resolution in Europe. It first provides a critical comparison of the US and EU bank resolution rules, including the underlying similarities, differences and enhancement points of both frameworks. It then goes on to focus on European banking failures, providing estimates of taxpayer costs and considering the hypothetical application of stronger private sector bail-in consistent with the spirit of the Bank Resolution and Recovery Directive. The report ends with a number of policy recommendations concerning governance, stress testing, cross-border issues and resolution of financial contracts.

Bank Liquidity Creation and Financial Crises

Bank Liquidity Creation and Financial Crises
Author: Allen Berger,Christa Bouwman
Publsiher: Academic Press
Total Pages: 294
Release: 2015-08-01
ISBN 10: 9780128002339
ISBN 13: 0128002336
Language: EN, FR, DE, ES & NL

Bank Liquidity Creation and Financial Crises Book Review:

Bank Liquidity Creation and Financial Crises delivers a consistent, logical presentation of bank liquidity creation and addresses questions of research and policy interest that can be easily understood by readers with no advanced or specialized industry knowledge. Authors Allen Berger and Christa Bouwman examine ways to measure bank liquidity creation, how much liquidity banks create in different countries, the effects of monetary policy (including interest rate policy, lender of last resort, and quantitative easing), the effects of capital, the effects of regulatory interventions, the effects of bailouts, and much more. They also analyze bank liquidity creation in the US over the past three decades during both normal times and financial crises. Narrowing the gap between the "academic world" (focused on theories) and the "practitioner world" (dedicated to solving real-world problems), this book is a helpful new tool for evaluating a bank's performance over time and comparing it to its peer group. Explains that bank liquidity creation is a more comprehensive measure of a bank's output than traditional measures and can also be used to measure bank liquidity Describes how high levels of bank liquidity creation may cause or predict future financial crises Addresses questions of research and policy interest related to bank liquidity creation around the world and provides links to websites with data and other materials to address these questions Includes such hot-button topics as the effects of monetary policy (including interest rate policy, lender of last resort, and quantitative easing), the effects of capital, the effects of regulatory interventions, and the effects of bailouts

Crisis and Response

Crisis and Response
Author: Federal Deposit Insurance Corporation
Publsiher: Unknown
Total Pages: 135
Release: 2018-03-06
ISBN 10: 9780966180817
ISBN 13: 096618081X
Language: EN, FR, DE, ES & NL

Crisis and Response Book Review:

Crisis and Response: An FDIC History, 2008¿2013 reviews the experience of the FDIC during a period in which the agency was confronted with two interconnected and overlapping crises¿first, the financial crisis in 2008 and 2009, and second, a banking crisis that began in 2008 and continued until 2013. The history examines the FDIC¿s response, contributes to an understanding of what occurred, and shares lessons from the agency¿s experience.

Bull by the Horns

Bull by the Horns
Author: Sheila Bair
Publsiher: Simon and Schuster
Total Pages: 432
Release: 2013-09-10
ISBN 10: 1451672497
ISBN 13: 9781451672497
Language: EN, FR, DE, ES & NL

Bull by the Horns Book Review:

A former FDIC chairwoman, who was among the first individuals to acknowledge the full risk of subprime loans, shares expert and insider perspectives on the economic crisis to assess contributing causes and ultimate ramifications.

Systemic Banking Crises Revisited

Systemic Banking Crises Revisited
Author: Mr.Luc Laeven,Mr.Fabian Valencia
Publsiher: International Monetary Fund
Total Pages: 48
Release: 2018-09-14
ISBN 10: 1484377044
ISBN 13: 9781484377048
Language: EN, FR, DE, ES & NL

Systemic Banking Crises Revisited Book Review:

This paper updates the database on systemic banking crises presented in Laeven and Valencia (2008, 2013). Drawing on 151 systemic banking crises episodes around the globe during 1970-2017, the database includes information on crisis dates, policy responses to resolve banking crises, and the fiscal and output costs of crises. We provide new evidence that crises in high-income countries tend to last longer and be associated with higher output losses, lower fiscal costs, and more extensive use of bank guarantees and expansionary macro policies than crises in low- and middle-income countries. We complement the banking crises dates with sovereign debt and currency crises dates to find that sovereign debt and currency crises tend to coincide or follow banking crises.