Lessons from the Financial Crisis: Causes, Consequences, and Our Economic Future: 12 (Robert W. Kolb Series) - Hardcover

Hardcover

ISBN 10: 0470561777 ISBN 13: 9780470561775

Publisher: Wiley, 2010

Synopsis

The world's best financial minds help us understand today's financial crisis

With so much information saturating the market for the everyday investor, trying to understand why the economic crisis happened and what needs to be done to fix it can be daunting. There is a real need, and demand, from both investors and the financial community to obtain answers as to what really happened and why.

Lessons from the Financial Crisis brings together the leading minds in the worlds of finance and academia to dissect the crisis. Divided into three comprehensive sections-The Subprime Crisis; The Global Financial Crisis; and Law, Regulation, the Financial Crisis, and The Future-this book puts the events that have transpired in perspective, and offers valuable insights into what we must do to avoid future missteps.

• Each section is comprised of chapters written by experienced contributors, each with his or her own point of view, research, and conclusions
• Examines the market collapse in detail and explores safeguards to stop future crises
• Encompasses the most up-to-date analysis from today's leading financial minds

We currently face a serious economic crisis, but in understanding it, we can overcome the challenges it presents. This well-rounded resource offers the best chance to get through the current situation and learn from our mistakes.

About this title

About the Author

ROBERT W. KOLB is the Frank W. Considine Chair of Applied Ethics and Professor of Finance at Loyola University, Chicago. Before this, he was the assistant dean, Business and Society, and director, Center for Business and Society, at the University of Colorado at Boulder and department chairman at the University of Miami. Kolb has authored over twenty books on finance, derivatives, and futures, as well as numerous articles in leading finance journals.

From the Back Cover

KOLB SERIES IN FINANCE
Essential Perspectives

With so much information saturating the market, it has been difficult for both financial professionals and those in the academic community to gain a firm understanding of why the recent economic crisis occurred and what needs to be done to fix it. There is a real need, and demand, from both finance professionals and scholars to obtain answers as to what really happened and why.

That's why Robert Kolb one of today's most respected academics and Editor of the Robert W. Kolb Series in Finance has created Lessons from the Financial Crisis. Consisting of contributed chapters from leading minds in the worlds of finance, government, and academia, Lessons from the Financial Crisis dissects this devastating crisis and offers a valuable look at what we must do to avoid future missteps.

Page by page, this timely guide puts the events that have transpired in perspective and skillfully details why it began and how it developed as well as its effect on people, implication for our economy, and the broader ramifications for our society. With each contributor bringing his or her own unique insights into this dilemma, you'll gain a firm understanding of the issues that lie at the heart of the recent financial crisis.

Topics touched upon along the way include:

• Particular institutional problems that were revealed in the crisis
• The role of borrowers, especially subprime borrowers, in fomenting the crisis
• The failures of modern risk analysis and management, and how these essential disciplines can be improved
• The securitization process and how a new way of originating mortgages affected the mortgage market and the broader financial crisis
• Regulatory, systemic, and other solutions that can be implemented to avert future problems
• And much more

We currently face a serious economic situation, but in understanding it, we can overcome the challenges it presents. This well-rounded resource offers the best chance to get through these tough times and learn from our mistakes.

From the Inside Flap

KOLB SERIES IN FINANCE
Essential Perspectives

With so much information saturating the market, it has been difficult for both financial professionals and those in the academic community to gain a firm understanding of why the recent economic crisis occurred and what needs to be done to fix it. There is a real need, and demand, from both finance professionals and scholars to obtain answers as to what really happened and why.

That's why Robert Kolb—one of today's most respected academics and Editor of the Robert W. Kolb Series in Finance—has created Lessons from the Financial Crisis. Consisting of contributed chapters from leading minds in the worlds of finance, government, and academia, Lessons from the Financial Crisis dissects this devastating crisis and offers a valuable look at what we must do to avoid future missteps.

Page by page, this timely guide puts the events that have transpired in perspective and skillfully details why it began and how it developed as well as its effect on people, implication for our economy, and the broader ramifications for our society. With each contributor bringing his or her own unique insights into this dilemma, you'll gain a firm understanding of the issues that lie at the heart of the recent financial crisis.

Topics touched upon along the way include:

• Particular institutional problems that were revealed in the crisis
• The role of borrowers, especially subprime borrowers, in fomenting the crisis
• The failures of modern risk analysis and management, and how these essential disciplines can be improved
• The securitization process and how a new way of originating mortgages affected the mortgage market and the broader financial crisis
• Regulatory, systemic, and other solutions that can be implemented to avert future problems
• And much more

We currently face a serious economic situation, but in understanding it, we can overcome the challenges it presents. This well-rounded resource offers the best chance to get through these tough times and learn from our mistakes.

Edition details

• Publisher: Wiley
• Publication date: 2010
• Language: English
• ISBN 10: 0470561777
• ISBN 13: 9780470561775
• Binding: Hardcover
• Edition number: 1
• Number of pages: 704
• Editor: Quail Rob