| Unravelling the Credit Crunch Contributor(s): Murphy, David (Author) |
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ISBN: 1439802580 ISBN-13: 9781439802588 Publisher: CRC Press OUR PRICE: $74.09 Product Type: Paperback - Other Formats Published: June 2009 Annotation: In order for us to effectively manage the current credit crisis, we must first understand how we got here. This book starts with a history of the current crisis in the United States, followed by a chapter dedicated to residential mortgages. It then explores the role of markets, central banks, and agencies both in good times and during times of financial difficulty, and moves on to the finance, accounting, and regulation of credit. The book looks at those institutions that worked and those that didn't and looks ahead at potential solutions. |
| Additional Information |
| BISAC Categories: - Business & Economics | Finance - General - Business & Economics | Banks & Banking |
| Dewey: 332.1 |
| LCCN: 2009012182 |
| Series: Chapman & Hall/CRC Financial Mathematics |
| Physical Information: 0.74" H x 6.27" W x 9.32" (1.07 lbs) 328 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Fascinating Insight into How the Financial System Works and How the Credit Crisis Arose Unravelling the Credit Crunch provides a clearly written, comprehensive account of the current credit crisis that is easily understandable to non-specialists. It explains how the financial system was drawn into the crunch and the issues that need to be addressed to prevent further disasters. To enable an understanding of the credit crunch, the author first examines the rules that constrain how financial institutions operate. He discusses how these institutions do business, what products were central to the development of the crunch, and how they behave. He thoroughly describes how financial institutions raise money and the legal and regulatory frameworks under which they operate. After exploring how the system works, the book illustrates how to change the rules to make financial disasters less likely. Focusing on the rules involved in the game of finance is essential if we want to figure out what happened that led to this financial debacle. This book shows us how the actions of many financial institutions, regulatory bodies, central banks, and investment managers adversely affected the entire financial system. |
