After the Fall: Saving Capitalism from Wall Street-and Washington

Availability:

Limited Stock

After the Fall: Saving Capitalism from Wall Streetand Washington

By: Nicole Gelinas

(0)

Rs 797.50
Rs 1,450.00
45%

You save Rs 652.50.

Pay in 3 Installments of

Rs. 306

Due to constant currency fluctuation, prices are subject to change with or without notice.

Robust financial markets support capitalism, they don't imperil it. But in 2008, Washington policymakers were compelled to replace private risk-takers in the financial system with government capital so that money and credit flows wouldn't stop, precipitating a depression. Washington's actions weren't the start of government distortions in the financial industry, Nicole Gelinas writes, but the natural result of 25 years' worth of such distortions. In the early eighties, modern finance began to escape reasonable regulations, including the most important regulation of all, that of the marketplace. The government gradually adopted a "too big to fail" policy for the largest or most complex financial companies, saving lenders to failing firms from losses. As a result, these companies became impervious to the vital market discipline that the threat of loss provides. Adding to the problem, Wall Street created financial instruments that escaped other reasonable limits, including gentle constraints on speculative borrowing and requirements for the disclosure of important facts. The financial industry eventually posed an untenable risk to the economy -- a risk that culminated in the trillions of dollars' worth of government bailouts and guarantees that Washington scrambled starting in late 2008. Even as banks and markets seem to heal, lenders to financial companies continue to understand that the government would protect them in the future if necessary. This implicit guarantee harms economic growth, because it forces good companies to compete against bad. History and recent events make clear what Washington must do. First, policymakers must reintroduce market discipline to the financial world. They can do so by re-creating a credible, consistent way in which big financial companies can fail, with lenders taking their warranted losses. Second, policymakers can reapply prudent financial regulations so that markets, and the economy, can better withstand inevitable excesses of optimism and pessimism. Sensible regulations have worked well in the past and can work well again. As Gelinas explains in this richly detailed book, adequate regulation of financial firms and markets is a prerequisite for free-market capitalism -- not a barrier to it.

Publication Date:

19/04/2011

Number of Pages::

100

Binding:

Paper Back

ISBN:

9781594035258

Categories:

Book Bazaar Upto 80% Off

Books

Sale

Business & Management

Non Fiction

45% OFF

11.11 Sale UPTO 90% OFF

Book
What's in the Box?	1 x After the Fall: Saving Capitalism from Wall Streetand Washington

Book Details

Publisher Date:

19/04/2011

Number of Pages::

100

Binding:

Paper Back

ISBN:

9781594035258

Categories:

, Book Bazaar Upto 80% Off, Books, Sale, Business & Management, Non Fiction, 45% OFF, 11.11 Sale UPTO 90% OFF,

Processing Order Please Wait

Spend PKR 10,000+ to get free shipping and a PKR 500 cashback VOUCHER for your next order! Use Coupon Code

03111444282

query@libertybooks.com

After the Fall: Saving Capitalism from Wall Streetand Washington

By: Nicole Gelinas

Rs 797.50

Pay for your purchase, thora abhi, baqi?

Added items to your cart?

Let’s shop and pay BaadMay!

Write a review

Write a review

Fairy Tale Pop Up: Cinderella

By: Samara Hardy

Rs 1,795.50

Rs 1,995.00

Bright Baby Foam First Words

By: Sandcastle Books Ltd

Rs 1,346.25

Rs 1,795.00

Robin Hood 2: Piracy, Paintballs & Zebras

By: Robert Muchamore

Rs 1,615.50

Rs 1,795.00

Hazrat Nuh AS or Nafarman Log

By: Asiya Sehar

Rs 227.50

Rs 350.00

Bluey: Daddy Putdown

By: Bluey

Rs 1,621.75

Rs 2,495.00

My Laminated Book of Numbers

By: BPI

Rs 202.50

Rs 225.00

Love from Giraffes Can't Dance

By: Giles Andreae

Rs 1,166.75

Rs 1,795.00

Disney Pixar Finding Dory Essential Guid

By: Howard Hughes

Rs 412.50

Rs 750.00

Little Sticker Dolly Dressing Carnival - Paperback

By: Fiona Watt

Rs 1,795.50

Rs 1,995.00

THE GREAT LAB OF SCIENCE - (Puzzles)

By: AA.VV.

Rs 3,746.25

Rs 4,995.00

Beautiful Days

By: Anna Godbersen

Rs 516.75

Rs 795.00

Which Way to Anywhere

By: Cressida Cowell

Rs 1,705.50

Rs 1,895.00

Liberty's Little Alphabets

By: Liberty Books

Rs 445.50

Rs 495.00

My First ABC

By: DK

Rs 1,255.50

Rs 1,395.00

Charlie Hernández & the Castle of Bones

By: Ryan Calejo

Rs 2,771.25

Rs 3,695.00

The Strange Case of Dr Jekyll and Mr Hyde

By: Robert Louis Stevenson

Rs 2,335.50

Rs 2,595.00

The Little Bullet Book: Be Gorgeously Organized

By: David Sinden

Rs 1,556.75

Rs 2,395.00