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An engaging look at what led to the financial turmoil we now find ourselves in Bailout Nation offers one of the clearest looks at the financial lenders, regulators, and politicians responsible for the financial crisis of 2008. Written by Barry Ritholtz, one of today's most popular economic bloggers and a well-established industry pundit, this book skillfully explores how the United States evolved from a rugged independent nation to a soft Bailout Nation-where financial firms are allowed to self-regulate in good times, but are bailed out by taxpayers in bad times. Entertaining and informativ

Finance --Government policy --United States. --- Financial crises --United States. --- Intervention (Federal government). --- United States --Economic conditions --2001-2009. --- United States --Economic policy --2001-2009. --- Financial crises --- Finance --- Intervention (Federal government) --- Bailouts (Government policy) --- Business & Economics --- Economic Theory --- Government policy --- United States --- Economic conditions --- Economic policy --- Federal intervention --- Funding --- Funds --- Federal government --- Intervention (International law) --- Economics --- Currency question --- E-books

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Starting from the idea that market and state are intertwined domains, and explaining the economy as a system of communication evolving through innovation, this excellent book makes a valuable contribution to understanding government rule setting in knowledge-based economies. It provides a taxonomy of ways in which government rules function more or less successfully, and addresses the important problem of institutional vulnerability. Intellectual property rights laws and reform of health care systems are perceptively discussed. This book is strongly recommended for public policy experts and researchers investigating the publicprivate economy. John Davis, Marquette University, US and University of Amsterdam, The Netherlands Since the 1970s the conventional wisdom has been that governments should retreat from the economic sphere and enhance the role of markets. The financial crash of 2008 has brought that into question. This stimulating set of essays considers the role of government in modern complex economies. Addressing the potential for both government failure and market failure, and drawing on empirical evidence, these studies are important contributions to a revived debate. Geoffrey M. Hodgson, University of Hertfordshire, UK. The idea that governments as well as markets can fail has been central to the public choice literature for the last half century. Typically government failure is described and measured as excessive expenditures or unbalanced budgets. This original book points out that government failures often take the form of inappropriate or inconsistent rules governing the private sector. The argument is nicely illustrated using real-world examples in the areas of healthcare, innovation, and intellectual property. The book is a timely and important contribution to the literature. Dennis C. Mueller, University of Vienna, Austria. This highly unique book takes a fundamental look at when and how a government can fail at its core responsibility of formulating rules. Government, representing society, relates to the economy by formulating the rules within which (market) players should operate. Although market and business failure are much discussed in the economics literature, government failure is often overlooked. This book addresses this gap, exploring in detail what constitutes government failure. Wilfred Dolfsma illustrates that it is not adequate to discuss government failure simply with reference to its level of expenditure, as is usually the case. Defining government failure and analysing it in the domains of health care, innovation and technology, he explores topics such as how market and society relate, consequences of conflicts between government policies, how government should (not) intervene, the vulnerability of institutions and rules (set out by government), and suggests a welfare perspective for evaluative purposes. This stimulating and thought provoking book will prove a fascinating read for academics, researchers and advanced students in economics particularly public choice and institutional economics public administration, policy studies, and law and economics.

Political systems --- Economics --- Economic policy --- Social policy --- Policy sciences --- Intervention (Federal government) --- Political planning --- #SBIB:35H415 --- #SBIB:33H13 --- Planning in politics --- Public policy --- Planning --- Politics, Practical --- Public administration --- Federal intervention --- Bailouts (Government policy) --- Federal government --- Intervention (International law) --- Policy-making --- Policymaking --- Public policy management --- National planning --- State planning --- Family policy --- Social history --- Economic nationalism --- Economic planning --- National security --- Beleidscyclus: evaluatie --- Economische politiek --- Economic policy. --- Social policy. --- Policy sciences. --- Political planning. --- E-books

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The volume is a collection of articles based on presentations given at a conference titled “Too Big to Fail III: Structural Reform Proposals – Should We Break Up the Banks ?” hosted by the Institute for Law and Finance on January 21, 2014 – the third session of a series on the topic “too big to fail” with the previous conferences “Too Big to Fail – Brauchen wir ein Sonderinsolvenzrecht für Banken” and “The Bank Recovery and Resolution Directive”.

E-books --- Bank failures --- Business failures --- Antitrust law --- Intervention (Federal government) --- Bankruptcy --- Corporate reorganizations --- Government policy --- Banking --- Finance --- Business & Economics --- Failure of banks --- Corporations --- Reorganization of corporations --- Industrial management --- Consolidation and merger of corporations --- Business mortality --- Failure in business --- Mortality, Business --- Success in business --- Cessio bonorum --- Insolvency --- Privileged debts --- Commercial law --- Debt --- Federal intervention --- Bailouts (Government policy) --- Federal government --- Intervention (International law) --- Anti-trust law --- Competition --- Competition law --- Trusts, Industrial --- Trade regulation --- Reorganization --- Law and legislation --- Law --- Bank failures. --- Business failures. --- Antitrust law. --- Bankruptcy. --- Corporate reorganizations. --- Government policy.

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AA / International- internationaal --- 333.139.2 --- 333.130.2 --- 333.139.1 --- 333.130.3 --- Bank failures --- -Banks and banking --- -Banking law --- Intervention (Federal government) --- 332.1 --- 346.078 --- Hb4.e --- Federal intervention --- Bailouts (Government policy) --- Federal government --- Intervention (International law) --- Banks and banking --- Law, Banking --- Financial institutions --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Finance --- Money --- Failure of banks --- Business failures --- Bankcontrole en -reglementering. Reglementering van het bankberoep. --- Bankliquiditeit. Verplichte reserves. Solvabiliteit. --- Instellingen voor kredietcontrole. Commissie voor het Bank-en financiewezen. CBFA. --- Kapitaal van de banken. Eigen fondsen van de banken. --- Government policy --- State supervision --- Law and legislation --- Bankcontrole en -reglementering. Reglementering van het bankberoep --- Bankliquiditeit. Verplichte reserves. Solvabiliteit --- Instellingen voor kredietcontrole. Commissie voor het Bank-en financiewezen. CBFA --- Kapitaal van de banken. Eigen fondsen van de banken

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We develop a dynamic stochastic general equilibrium model with financial frictions on both financial intermediaries and goods-producing firms. In this context, due to high leverage of financial intermediaries, balance sheet disruptions in the financial sector are particularly detrimental for aggregate output. We show that the welfare gains from recapitalizing the financial sector in response to large but rare net worth losses are as large as those from eliminating business cycle fluctuations. We also find that these gains are increasing in the size of the net worth loss, are larger when recapitalization funds are raised from the household rather than the real sector, and may increase with a reduction in financial intermediaries idiosyncratic risk.

Financial crises --- Bank failures --- Crisis management --- Intervention (Federal government) --- Federal intervention --- Bailouts (Government policy) --- Federal government --- Intervention (International law) --- Crises --- Management of crises --- Management --- Problem solving --- Conflict management --- Failure of banks --- Business failures --- Crashes, Financial --- Crises, Financial --- Financial crashes --- Financial panics --- Panics (Finance) --- Stock exchange crashes --- Stock market panics --- Econometric models. --- Labor --- Economic Theory --- Industries: Financial Services --- Optimization Techniques --- Programming Models --- Dynamic Analysis --- Macroeconomics: Consumption --- Saving --- Wealth --- Contingent Pricing --- Futures Pricing --- option pricing --- Financial Institutions and Services: General --- Financial Economics --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Labor Demand --- Economic theory & philosophy --- Finance --- Labour --- income economics --- Financial sector --- Financial frictions --- Nonbank financial institutions --- Self-employment --- Economic sectors --- Economic theory --- Financial institutions --- Financial services industry --- Economic forecasting --- Self-employed --- United States