Overview
An insightful look at how to reform our broken financialsystem
The financial crisis that unfolded in September 2008 transformedthe United States and world economies. As each day's headlinesbrought stories of bank failures and rescues, government policiesdrawn and redrawn against the backdrop of an historic Presidentialelection, and solutions that seemed to be discarded almost as soonas they were proposed, a group of thirty-three academics at NewYork University Stern School of Business began tackling the hardquestions behind the headlines. Representing fields of finance,economics, and accounting, these professors-led by Dean ThomasCooley and Vice Dean Ingo Walter-shaped eighteen independent policypapers that proposed market-focused solutions to the problemswithin a common framework. In December, with great urgency, theysent hand-bound copies to Washington. Restoring FinancialStability is the culmination of their work.
- Proposes bold, yet principled approaches-including financialpolicy alternatives and specific courses of action-to deal withthis unprecedented, systemic financial crisis
- Created by the contributions of various academics from New YorkUniversity's Stern School of Business
- Provides important perspectives on both the causes of theglobal financial crisis as well as proposed solutions to ensure itdoesn't happen again
- Contains detailed evaluations and analyses covering manyspectrums of the marketplace
Edited by Matthew Richardson and Viral Acharya, this reliableresource brings together the best thinking of finance and economicsfrom the faculty of one of the top universities in world.
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