Already Published

This Time is Different: Eight Centuries of Financial Folly

Managing Editor — Tue, 20 Oct 2009 23:00:00 +0000

Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, "this time is different"--claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters. This book proves that premise wrong. Covering sixty-six countries across five continents, This Time Is Different presents a comprehensive look at the varieties of financial crises, and

Boulevard of Broken Dreams: Why Public Efforts to Boost Entrepreneurship and Venture Capital Have Failed and What to Do About It

Managing Editor — Mon, 19 Oct 2009 23:00:00 +0000

The Road Ahead for the Fed

Managing Editor — Wed, 14 Oct 2009 03:48:26 +0000

Reviewed by Thomas D. Simpson
Department of Economics and Finance at the University of North Carolina, Wilmington and formerly a senior official of the Board of Governors of the Federal Reserve System.

From Asian to Global Financial Crisis: An Asian Regulator's View of Unfettered Finance in the 1990s and 2000s

Managing Editor — Tue, 29 Sep 2009 23:00:00 +0000

This is a unique insider account of the new world of unfettered finance. The author, an Asian regulator, examines how old mindsets, market fundamentalism, loose monetary policy, carry trade, lax supervision, greed, cronyism, and financial engineering caused both the Asian crisis of the late 1990s and the current global crisis of 2008-2009. This book shows how the Japanese zero interest rate policy to fight deflation helped create the carry trade that generated bubbles in Asia whose effects brought Asian economies down. The study's main

Restoring Financial Stability: How to Repair a Failed System

Managing Editor — Mon, 03 Aug 2009 22:04:52 +0000

Reviewed by Franklin Allen

This an excellent book. It is the first academic book to consider the crisis in depth and to propose policy responses and solutions. The faculty of New York University’s Stern School has provided a broad and deep overview of the crisis and made suggestions for how to minimize the chances of a recurrence going forward.

Managed by the Markets: How Finance Re-Shaped America

Managing Editor — Sun, 14 Jun 2009 23:00:00 +0000

In recent years, we've been rocked by a series of economic jolts, and all of them seemed to revolve around finance. And the most recent, the American mortgage meltdown, has sent shock waves around the world. Managed by the Markets offers an illuminating account of how finance has replaced manufacturing at the center of the American economy over the past three decades, explaining how the new finance-centered system works, how we got here, and what challenges lay ahead.

Foreclosed: High-Risk Lending, Deregulation, and the Undermining of America's Mortgage Market

Managing Editor — Sun, 31 May 2009 23:00:00 +0000

Over the last two years, the United States has observed, with some horror, the explosion and collapse of entire segments of the housing market, especially those driven by subprime and alternative or "exotic" home mortgage lending. The unfortunately timely Foreclosed explains the rise of high-risk lending and why these newer types of loans-and their associated regulatory infrastructure-failed in substantial ways. Dan Immergluck narrates the boom in subprime and exotic loans, recounting how financial innovations and deregulation facilitated excessive

Understanding Financial Crises

Managing Editor — Mon, 25 May 2009 23:00:00 +0000

What causes a financial crisis? Can financial crises be anticipated or even avoided? What can be done to lessen their impact? Should governments and international institutions intervene? Or should financial crises be left to run their course? In the aftermath of the recent Asian financial crisis, many blamed international institutions, corruption, governments, and flawed macro and microeconomic policies not only for causing the crisis but also unnecessarily lengthening and deepening it.

Bankrupt: Global Lawmaking and Systemic Financial Crisis

Managing Editor — Sun, 10 May 2009 23:00:00 +0000

The Asian Financial Crisis dramatically illustrated the vulnerability of financial markets in emerging, transitional, and advanced economies. In response, international organizations insisted that legal reforms could help protect markets from financial breakdowns. Sitting at the nexus between the legal system and the market, corporate bankruptcy law ensures that the casualties of capitalism are treated in an orderly way.

The Future of Insurance Regulation in the United States

Managing Editor — Sat, 09 May 2009 23:00:00 +0000

There are strong forces arrayed for and against proposals to reform insurance regulation in America. This struggle, combined with the complexity of the issues and cacophony of conflicting arguments, have likely contributed to legislative inaction. Martin Grace, Robert Klein, and other experts on insurance and financial regulation help policymakers, professionals, and scholars cut through the rhetoric to grasp the implications of different options and the associated facts and issues. "The Future of Insurance Regulation" enhances research and