内容简介
AninsightfullookathowtoreformourbrokenfinancialsystemThefinancialcrisisthatunfoldedinSeptember2008transformedtheUnitedStatesandworldeconomies.Aseachday′sheadlinesbroughtstoriesofbankfailuresandrescues,governmentpoliciesdrawnandredrawnagainstthebackdropofanhistoricPresidentialelection,andsolutionsthatseemedtobediscardedalmostassoonastheywereproposed,agroupofthirty–threeacademicsatNewYorkUniversitySternSchoolofBusinessbegantacklingthehardquestionsbehindtheheadlines.Representingfieldsoffinance,economics,andaccounting,theseprofessors–ledbyDeanThomasCooleyandViceDeanIngoWalter–shapedeighteenindependentpolicypapersthatproposedmarket–focusedsolutionstotheproblemswithinacommonframework.InDecember,withgreaturgency,theysenthand–boundcopiestoWashington.RestoringFinancialStabilityistheculminationoftheirwork.Proposesbold,yetprincipledapproaches–includingfinancialpolicyalternativesandspecificcoursesofaction–todealwiththisunprecedented,systemicfinancialcrisisCreatedbythecontributionsofvariousacademicsfromNewYorkUniversity′sSternSchoolofBusinessProvidesimportantperspectivesonboththecausesoftheglobalfinancialcrisisaswellasproposedsolutionstoensureitdoesn′thappenagainContainsdetailedevaluationsandanalysescoveringmanyspectrumsofthemarketplaceEditedbyMatthewRichardsonandViralAcharya,thisreliableresourcebringstogetherthebestthinkingoffinanceandeconomicsfromthefacultyofoneofthetopuniversitiesinworld.