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001 978-3-319-01757-0
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020 _a9783319017570
_9978-3-319-01757-0
024 7 _a10.1007/978-3-319-01757-0
_2doi
050 4 _aHG1-HG9999
072 7 _aKFF
_2bicssc
072 7 _aBUS027000
_2bisacsh
082 0 4 _a332
_223
100 1 _aBetz, Frederick.
_eauthor.
245 1 0 _aWhy Bank Panics Matter
_h[electronic resource] :
_bCross-Disciplinary Economic Theory /
_cby Frederick Betz.
264 1 _aCham :
_bSpringer International Publishing :
_bImprint: Springer,
_c2014.
300 _aXIV, 162 p. 67 illus., 58 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aSpringerBriefs in Economics,
_x2191-5504
505 0 _aPreface -- Chapter 1 Reality and Theory -- Chapter 2 Empirically-Grounded Theory -- Chapter 3 Bankground: Banking and Causality -- Chapter 4 Dynamics of Bank Panics -- Chapter 5 Control in an Economic System -- Chapter 6 Great Depression -- Chapter 7 Topological Economic Theory -- Chapter 8 Shadow Banking and Financial Layering -- Chapter 9 Private Good and Public Good -- Chapter 10 Casino Banking -- Chapter 11 Why Banks Panic.
520 _aBank panics have always mattered because they create serious disruptions in economic and financial activity, depressing national economies.  But they matter even more now, as information and communications technologies have stitched together a global financial system that is more vulnerable to crisis on a large scale. For example, the global bank panic of 2007-08 froze up the national economies of the U.S., England, France, Iceland, Ireland, and Germany -- all at the same time.  And each of their governments had to act to bail out their own banks, without a consistent international regulatory framework. In this volume, Fred Betz takes a unique, cross-disciplinary approach to understanding bank panics, with an emphasis on the U.S. Bank Panics of 1857, 1907, 1930-33, 2007-08 and the European Bank Panics of 2010-2013.  Despite over a hundred years of modern economic theory and many excellent historical studies about bank panics, they are still poorly understood and certainly not yet preventable.  Partly this has been a function of the limitations of modern economic theory, which cannot interpret bank panics as complex societal phenomena.   All societal phenomena are, in reality, multi-disciplinary in scope and cross-disciplinary in connections.  Bank panics can best be understood through the collective lenses of sociology, political science, psychology, management science, management of technology, among other disciplines.  Through this dynamic approach, the author identifies five key underlying triggers of bank panics: (1) funding excessive leverage in speculation, (2) lack of proper banking regulation, (3) bad banking practices, (4) lack of banking integrity, (5) corrupt banking practices.  In so doing, he suggests new strategies for avoiding and recovering from bank panics and other financial crises.
650 0 _aFinance.
650 0 _aEconomic theory.
650 0 _aPublic finance.
650 1 4 _aFinance.
650 2 4 _aFinance, general.
650 2 4 _aPublic Economics.
650 2 4 _aEconomic Theory/Quantitative Economics/Mathematical Methods.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783319017563
830 0 _aSpringerBriefs in Economics,
_x2191-5504
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-319-01757-0
912 _aZDB-2-SBE
942 _cEBK
999 _c51192
_d51192