Research Catalog

Title

Connectedness and contagion : protecting the financial system from panics / Hal S. Scott.

Author

Scott, Hal S.

Publication

• Cambridge, MA : The MIT Press, [2016]
• ©2016

Items in the Library & Off-site

Details

Description

xxi, 416 pages; 24 cm

Subject

• Global Financial Crisis (2008-2009)
• 2000-2099
• Financial crises > History > 21st century
• Global Financial Crisis, 2008-2009 > Government policy
• Global Financial Crisis, 2008-2009
• Financial crises
• Government policy

Genre/Form

History.

Bibliography (note)

• Includes bibliographical references and index.

Contents

Acknowledgments -- Introduction -- Connectedness, contagion, and correlation : definitions and a review of the economic literature -- The concept of connectedness -- The concept and history of contagion -- The concept of correlation -- Connectedness in the crisis -- Asset connectedness : Lehman and AIG -- Liability connectedness : money market funds and tri-party repo market -- The Dodd-Frank Act policies to address connectedness -- Contagion -- Contagion in the 2008 crisis : the run on the non-bank sector, "shadow banks" -- The history of lender of last resort in the United States -- Dodd-Frank restrictions on the lender of last resort power -- Comparison of LLR powers of fed with Bank of England, European Central Bank, and Bank of Japan -- Strengthening the LLR powers of the fed -- Liability insurance and guarantees -- Insuring money market funds -- Ex-ante policies to avoid contagion : capital, liquidity, resolution, money market mutual fund reform, and limits on short-term funding -- Capital requirements : Basel III framework -- Liquidity requirements -- Bank resolution procedures, contingent capital (CoCos), and bail-ins -- Dodd-Frank orderly liquidation for non-bank SIFIs (including bank holding companies) -- Living wills -- Money market mutual fund reform -- The dependence of the financial system on short-term funding -- Government crowding out of private issuance of short-term debt -- Public capital injections into insolvent financial institutions, i.e "bailouts" -- Capital purchase program and other TARP support programs -- Criticisms of bailouts generally -- Specific criticism of tarp -- Standing bailout programs -- Conclusion -- Notes -- Index.

Call Number

JBE 16-556

ISBN

• 9780262034371 (hardcover : alk. paper)
• 0262034379 (hardcover : alk. paper)

LCCN

2015039900

OCLC

934100087

Author

Scott, Hal S., author.

Title

Connectedness and contagion : protecting the financial system from panics / Hal S. Scott.

Publisher

Cambridge, MA : The MIT Press, [2016]

Copyright Date

©2016

Type of Content

text

Type of Medium

unmediated

Type of Carrier

volume

Bibliography

Includes bibliographical references and index.

Chronological Term

2000-2099

Research Call Number

JBE 16-556