A01=David A. Westbrook
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Author_David A. Westbrook
Basel Ii Accord
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capitalist ideology critique
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ERISA
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financial regulation theory
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Leverage Cycle
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OTC Derivative
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Policy Thought
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post-crisis financial policy analysis
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Shadow Financial System
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Systemic Risk
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Product details
- ISBN 9781594517273
- Weight: 244g
- Dimensions: 152 x 229mm
- Publication Date: 30 Dec 2009
- Publisher: Taylor & Francis Inc
- Publication City/Country: US
- Product Form: Paperback
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Former Federal Reserve chair Greenspan recently said that the risk management paradigm is broken; thus our understanding of financial regulation no longer makes sense. More generally, the current financial crisis obliges us to rethink the relationships among "financial markets" and "governments." In Out of Crisis financial analyst David Westbrook illuminates the intellectual, business, and policy errors that have led us into the present morass. Through a vivid legal and political analysis he shows how the ideologies of the right and left have distorted financial thinking and policy. Learning from these errors, the book sketches the emergence of a new understanding of risk management and bureaucratic regulation. Out of Crisis begins the tasks of rethinking the structures that constitute financial markets and exploring how such structures may be strengthened. Taking responsibility for the markets we build to do so much of our society's work, we may yet become mature capitalists.
David A. Westbrook is Floyd H. and Hilda L. Hurst Faculty Scholar and Professor of Law at the University at Buffalo. His books include City of Gold: An Apology for Globalization in a Time of Discontent (2003) and Out of Crisis: Rethinking Our Financial Markets (2009).
