Coverart for item
The Resource Why bank panics matter : cross-disciplinary economic theory, Frederick Betz

Why bank panics matter : cross-disciplinary economic theory, Frederick Betz

Label
Why bank panics matter : cross-disciplinary economic theory
Title
Why bank panics matter
Title remainder
cross-disciplinary economic theory
Statement of responsibility
Frederick Betz
Creator
Author
Subject
Language
eng
Summary
Bank 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
Member of
Cataloging source
ACM
http://library.link/vocab/creatorDate
1937-
http://library.link/vocab/creatorName
Betz, Frederick
Dewey number
332/.042
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
Series statement
SpringerBriefs in Economics,
http://library.link/vocab/subjectName
  • Bank failures
  • Banks and banking
  • Financial crises
Label
Why bank panics matter : cross-disciplinary economic theory, Frederick Betz
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Contents
Reality and theory -- Empirically-grounded theory -- Background: banking and causality -- Dynamics of bank panics -- Control in an economic system -- The Great Depression -- Topological economic theory -- Financial layering -- Public good and private good -- Casino banking -- Why banks panic
Control code
870908797
Dimensions
23 cm
Extent
xiv, 162 pages
Isbn
9783319017563
Lccn
2013949284
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
illustrations (some color)
System control number
(OCoLC)870908797
Label
Why bank panics matter : cross-disciplinary economic theory, Frederick Betz
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Contents
Reality and theory -- Empirically-grounded theory -- Background: banking and causality -- Dynamics of bank panics -- Control in an economic system -- The Great Depression -- Topological economic theory -- Financial layering -- Public good and private good -- Casino banking -- Why banks panic
Control code
870908797
Dimensions
23 cm
Extent
xiv, 162 pages
Isbn
9783319017563
Lccn
2013949284
Media category
unmediated
Media MARC source
rdamedia.
Media type code
n
Other physical details
illustrations (some color)
System control number
(OCoLC)870908797

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